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Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) Shares Up Ahead of Q1 Report

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By on Energy & Solar

Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) is posting a 5% gain in today’s regular session, trading near its day high of $3.49 but closer to the bottom of its 52-week range of $2.68 to $8.77. 

The company is expected to report its Q1 report in Tuesday’s pre-market, and analysts polled by Capital IQ expect Yingli to report a loss of $0.30 per share on revenue of $421 million. 

In April, Yingli reported preliminary Q1 results, disclosing a drop in photovoltaic module shipments. 

The solar modules manufacturer said back in April it expects its gross margin in the range of 15.5%-16.5% for Q1, 2014, versus the previous guidance of 14%-16%. 

During the quarter, photovoltaic module shipment is estimated to have declined by low thirties percent from Q4, 2013 due to a soft demand in the China market. For fiscal-year 2014, however, it reiterated its module shipment outlook of 4.0GW to 4.2GW. 

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