Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), one of the world’s leading solar panel manufacturers, today announced that it plans to release its unaudited financial results for the quarter ended June 30, 2015, before the U.S. market opens on September 8, 2015.

Based upon preliminary data, the Company estimates that its PV module shipments in the second quarter of 2015 were in the range of 720-730MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the second quarter of 2015 was in the range of 6% to 7%, while the gross margin for the sale of PV module was in the range of 7% to 8%, as a result of a decline in the average selling price of PV modules and an increase in the manufacturing cost due to a lower-than-expected utilization rate of production capacity, more shipments to China market and the depreciation of Euro and Japanese Yen against Renminbi. The decrease in average selling price of PV modules and more shipments to China had a negative effect on the Company’s total net revenues for the second quarter of 2015. The Company plans to disclose new full year shipment guidance for 2015 when it releases its unaudited financial results for the quarter ended June 30, 2015.

In order to help investor learn more about its unaudited financial results for the quarter ended June 30, 2015, the Company will hold a conference call and live webcast to discuss the results at 8:00 AM U.S. Eastern Daylight Time on September 8, 2015, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day. (Original Source)

Shares of Yingli Green Energy Holding closed yesterday at $0.83. YGE has a 1-year high of $4.03 and a 1-year low of $0.72. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $1.52.

On the ratings front, Yingli Green Energy Holding has been the subject of a number of recent research reports. In a report issued on June 8, Deutsche Bank analyst Vishal Shah maintained a Hold rating on YGE, with a price target of $1.50, which represents a potential upside of 80.7% from where the stock is currently trading. Separately, on the same day, Roth Capital’s Philip Shen reiterated a Hold rating on the stock and has a price target of $1.30.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Vishal Shah and Philip Shen have a total average return of -18.1% and -17.7% respectively. Shah has a success rate of 21.8% and is ranked #3720 out of 3741 analysts, while Shen has a success rate of 20.2% and is ranked #3723.

The street is mostly Bearish on YGE stock. Out of 5 analysts who cover the stock, 3 suggest a Sell rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $1.60, which implies an upside of 92.8% from current levels.

Yingli Green Energy Holding Co Ltd along with its subsidiaries is engaged in the design, development, marketing, manufacture, installation and sale of photovoltaic products in China & overseas market.