NEW YORK (TheStreet) -- Shares of Yingli Green Energy (YGE) are gaining by 21.70% to $1.29 at the start of trading on Friday morning, following the company's 2015 first quarter earnings results. The solar power products provider posted an improvement in revenue for the most recent quarter, however its earnings loss widened and missed analysts' expectations for the period.
Yingli Green Energy said revenue grew to $468.7 million for the first quarter. Analysts had forecast for earnings of $454.60 million for the quarter.
On an adjusted basis the company reported a loss of 31 cents per ADS, although analysts were expecting a loss of 24 cents per ADS.
Additionally, Yingli Green Energy's shipments of PV modules in the first quarter grew by 19.6% year-over-year "marking a historically high record of the first quarter growth for the company," Yingli said in a statement.
Separately, TheStreet Ratings team rates YINGLI GREEN ENERGY HLDGS CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate YINGLI GREEN ENERGY HLDGS CO (YGE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself."