Yingli Green Energy posts 4th-qtr loss, predicts strong 2010 solar module shipments

Yingli Green Energy Holding Co. (YGE) on Monday said its fourth-quarter results slid to a loss driven by one-time charges, but the solar cell maker predicted 2010 module shipments to nearly double from 2009 levels.

The China-based company posted a quarterly loss of 44.8 million renminbi ($6.6 million), or 0.3 renminbi per American Depository Share (4 cents per ADS), compared with a profit of 82 million, or 0.64 renminbi per ADS, during the same period the prior year.

Excluding special charges, adjusted earnings amounted to 137.5 million renminbi ($20.2 million), or 0.89 renminbi per ADS (13 cents per ADS).

Analysts polled by Thomson Reuters estimated a profit of 14 cents per ADS, on average. Analysts typically exclude one-time items.

Revenue climbed 44 percent to 2.53 billion renminbi ($370.8 million) from 1.76 billion renminbi in the prior-year period. Analysts forecast an average revenue of $326.5 million.

For the full year, the company reported a loss of 459.2 million renminbi ($67.3 million), or 3.31 renminbi per ADS (48 cents per ADS), compared with earnings of 653.8 million renminbi, or 5.05 renminbi per ADS, in 2008. Revenue slid 4 percent to 7.25 billion renminbi ($1.06 billion).

Labels: Earnings, Solar Stocks, YGE, Yingli Green Energy Hold

posted by Ertai at 3:02 PM