- Yingli Green Energy Topped Q2 Estimates, Top Line Up 27%
Aug 19, 2011
Yingli Green Energy (NYSE:YGE) reported Q2 EPS of $0.34, ahead of consensus estimates of $0.27 per share. Revenues for the quarter rose 27.4% year-over-year to $680.6 million, topping consensus estimates of $613.8 million.
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy commented, "I'm pleased to announce that we had our best quarter ever in terms of PV module shipments, which increased by 36.6% over the previous quarter. With the significantly increased shipments, we managed not only to expand our global market share, but also to extend our sales geographies."
Yingli Green Energy has a potential upside of 60.4% based on a current price of $5.63 and an average consensus analyst price target of $9.03.
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