Just several flower buds, many new leaves
I have three Rhododendrons in my back yard. One is totally dead and was discarded. One looks good with lots of flowers. The other one looks unhealthy: several flower buds and many yellow leaves. It has some new leaves now. The heavy snow in the last winter, bad soil or wrong location. The shrub site has full day sunshine from the morning to 4pm. Please find the pictures in the linked web.