Yingli Green Energy (YGE) Widens US Distribution With DC Power Deal

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01:03:51 am on June 23, 2010

Yingli Green Energy (YGE) announced  its U.S. subsidiary, Yingli Green Energy Americas signed a solar module supply agreement with DC Power Systems through the end of this year. It’s one of the largest US agreements for Yingli this year, and represents the largest contract between the companies to date.  Yingli has been selling its solar panels to the US residential solar market through DC Power and other solar distributors and this widens that distribution.

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Exec VP of DC Power, Daniel Marino, said, “We have been particularly impressed with Yingli Green Energy’s motivated organization and their ability to consistently deliver high-quality, reliable modules that ultimately provide great value to our customers. When we look for long-term partners, we seek companies such as Yingli Green Energy that not only have a track record of success and a superior brand, but also have the strong product warranty commitments and proven trustworthiness to meet our end users’ discerning needs.”

YGE finished down 2% today and continues to consolidate after a significant run right into resistance of the 50 day moving average.  It remains in a healthy down trend after reaching a peak this year above $18/share.

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