Yingli Green Energy (YGE) today announced the signing of 5 new contracts to supply an aggregate of more than 7MW of PV modules all to companies in Korea.
"We are pleased with the success that we have had so far in building our business in Korea and these new contracts clearly demonstrate continued progress in extending our global presence," commented Mr. Seok Jin Lee, Chief Operating Officer of Yingli Green Energy. "In a relatively short … Read the rest
According to Street Insider, Piper Jaffray reiterated their Buy rating on Yingli Green Energy but revised their target lower from 60 to 45. The firm said, "Company visit and management meetings reinforce our belief that YGE remains best positioned in solar longer term with the lowest non-silicon processing cost on record."… Read the rest
According to Street Insider, Piper Jaffray reiterated their Buy rating on ReneSola (SOL) and revised the price target from 40 to 35 but raised their Q2 EPS from .33 to .37 and FY08 from 1.37 to 1.50 and FY09 from 2.20 to 2.42
Piper said "Based on recent meetings/discussions with the company management, we believe that we should see upside to our prior and consensus Q2 estimates on modestly higher ASPs, continued yield improvements, … Read the rest
Piper lowered their estimates on Evergreen Solar (ESLR) this morning for the 2nd half of 08 to reflect lower production at the company’s 15MW Marlboro R&D and production plant but believes the longer term growth story is still intact, so they maintain their buy rating with a $14 target.… Read the rest
Canadian Solar (CSIQ) traded up for the first time in nearly two weeks today, closing the day off the highs but up 4.75% on news that it has inked five new sales contracts totaling 14.9MW over the past 3 weeks from Arco Energy, AC Service, Ravano Green Power, Albatec and WSW. CSIQ currently gets the majority (60%) of it’s business from Germany.… Read the rest