Yingli Green Energy slides after earnings

March 18, 2014 by  
Filed under Green Energy News


By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — U.S.-listed shares of Yingli Green Energy Holding fell 9% as the solar company reported a fourth-quarter loss.

Yingli

/quotes/zigman/467021/delayed/quotes/nls/yge YGE
-8.31%


, the world’s largest photovoltaic module supplier, focuses mostly on the Chinese market, where solar-panel margins are thinner.

Chinese solar companies such as JA Solar Holdings returned to profitability in the fourth quarter, focusing on Japan and European countries.


/quotes/zigman/467021/delayed/quotes/nls/yge
YGE
5.41,
-0.49,
-8.31%

JA Solar

/quotes/zigman/13110722/delayed/quotes/nls/jaso
JASO
+3.77%


 reported a fourth-quarter profit of 32 cents per diluted American depositary share on Monday, its first quarterly profit since 2011. JA Solar said it would focus on Latin America and the Middle East and build its position in these two regions this year.

Yingli, meanwhile, said Tuesday it would also focus on newer solar markets in Africa, South America and Southeast Asia this year.

Yingli reported a fourth-quarter loss of RMB 776.2 million, or $128.8 million. That compares with a loss of $200 million in the year-ago period.

The company lost 82 cents per ADS in the fourth quarter. The company said that adjusted for one-time items, the fourth-quarter loss was 31 cents per ADS.

Total photovoltaic module shipments in 2013 rose by 41% from the previous year. The increase in shipments, however, was offset by an industrywide decline in PV module sales prices in 2013.

Meanwhile, U.S.-listed shares of JA Solar gained 1.6%. U.S.-listed shares of Trina Solar Ltd.

/quotes/zigman/446274/delayed/quotes/nls/tsl TSL
+3.29%


 advanced 4.1%.

U.S.-based solar companies also gained Tuesday, with First Solar Inc.

/quotes/zigman/102025/delayed/quotes/nls/fslr FSLR
+1.84%


 up 2.5%. Solar installer SolarCity Corp.

/quotes/zigman/13139813/delayed/quotes/nls/scty SCTY
+4.61%


 rose 4.3%.

The broader U.S. market rose Tuesday. Russia’s President Vladimir Putin signed a treaty annexing Crimea, but said he isn’t seeking a split Ukraine.


/quotes/zigman/5142101/delayed/quotes/nls/plug
PLUG
5.96,
-0.55,
-8.45%

Investors also took in housing data, and the Federal Open Market Committee began its two-day policy meeting on Tuesday. The FOMC is widely expect to announce a $10 billion cut to monthly bond purchases.

Among fuel-cell shares, Plug Power Inc.

/quotes/zigman/5142101/delayed/quotes/nls/plug PLUG
-8.45%


 shares declined 2.8%, while Ballard Power Systems Inc.

/quotes/zigman/42601/realtime
CA:BLD
-7.34%


 retreated 3.5%.

Fuel-cell shares had rallied in recent weeks, lifted by Plug Plower shares after the company announced a couple of high-profile contracts to provide its company’s fuel cell-powered warehouse equipment.

More from MarketWatch:

JA Solar up after posting first profit since 2011

Tesla ‘blue sky valuation is $350 a share: Baird

Plug Power CEO: expect profits, large customers in 2014

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