Boston, MA 06/18/2014 (wallstreetpr) – Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) on June 17, 2014 said that they were expecting higher module shipments in Q2 2014 because of the increase in demand of the domestic market. With the announcement, the shares of the company jumped on the day on the New York Stock Exchange, making them one of the top most percentage gainers.
2014 FIFA World Cup final benefiting Yingli
The net loss of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) in the first quarter of the current financial year became half because of the marginal increase in panel price. The panels of Yingli Green Energy Hold are powering the Maracana stadium in Brazil during ongoing 2014 FIFA World Cup final. Due to this, the company said that it is expecting to make a shipment of around 870-950 megawatt (MW) modules in Q2 2014 which ends on June 30, 2014. In the first quarter which ended on March 31, 2014, Yingli made a shipment of 630.8 MW modules.
Words of positivity from the Chief Financial Officer of Yingli Green Energy Hold. Co. Ltd.
The Chief Financial Officer of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Yiyu Wang said that in the beginning of the second quarter of present financial year, the company is witnessed a significant optimism in demand from China and other emerging markets. He added that the trend is expected to continue throughout this year.
Investors’ fears put to rest
The investors feared that China will not be able to meet the target of installation of 14.5 gigawatt of solar capacity in 2014 because there were no funds for construction of the smaller projects. Yingli, however is confident that Chinese markets will prove to be more dependable and larger than expected. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is also expecting that the Government might make announcement of certain new incentives in order to provide assistance to the solar distribution market.
