Yingli Green Energy (YGE) reported strong results this morning well ahead of analyst estimates sending the stock up about 4% on the day. The company reported a non GAAP EPS of .53 vs the analyst estimate of .36/share on revenues of $491 million vs the analyst estimate of $477 million. That represents quarter over quarter EPS and revenue growth of 194% and 32% respectively. Gross margins came in higher than the previous estimate of 31 … Read the rest
Tag Archives: yge
Yingli Green Energy (YGE) To Partner On $435 Million Solar Manufacturing Plant In South Africa
According to Reuters, Yingli Green Energy (YGE) has signed a deal to build a $435 million solar manufacturing plant with a local partner within the next year. South Africa also signed an agreement with China Development Bank to partner on green energy projects.
Shares of YGE are up about 4% in premarket, but are technically broken having busted through key support levels in recent days.
==> Click Here For Your FREE Daily Yingli Technical … Read the rest
Hapoalim Remains Cautiously Bullish On China Solars (TSL, YGE)
Hapoalim Securities is raising its 2010 and 2011 estimates on Trina Solar (TSL) and is raising the price target from $21 – $27 driven by firm pricing, a rebounding Euro and lower input costs. Shares of TSL were hit hard on Friday with heavy volume, but held support at the 200 day moving average and our recovering a bit today.
===> Click Here For Your FREE Daily Trina Solar Technical Analysis
Hapoalim is also raising … Read the rest
Yingli Green Energy (YGE) Ups Guidance At Investor Conference
At a Chinese investor conference held earlier in the week, Mr. Zongwei Li, Director and Chief Financial Officer of Yingli
Green Energy, upped the company’s guidance and announced that they have signed 575MW worth of sales contracts.
===> Click Here For Your FREE Yingli Green Energy Analysis
Mr. Li said that he expects Yingli to close on 1000 MW worth of contracts by the end of the year, and that he expects gross margins … Read the rest
Auriga Provides Updates On JKS, SOL, LDK, YGE, STP
Auriga is out with a research note on select stocks today and remains generally bullish on the sector. They indicate that industry fundamentals remain strong both in terms of pricing and volume. Q1 volumes are strong and sold out in some cases as pricing remains firm while the 2nd half of 2011 warrants cautious optimism rather than pessimism. Here are notes on some individual names.
Jinko Solar (JKS): Sees upside to current estimates as shipments … Read the rest
Analyst Ratings Review: TSL, STP, LDK, YGE, DGW, SQM
There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another … Read the rest
Hapoalim Securities In Barrons: Generally Bearish For 2011 (STP, FSLR, YGE, SPWRA, TSL)
Barrons interviewed Aaron Chew of Hapoalim Securities and discussed the solar industry. Here are some highlights.
– Highlights the significant incentive cuts across Europe which will slow demand.
– Sees big growth in solar in Italy (23%), US (45%) and China (100%) for next year, but declining or flat growth in key markets such as Germany.
– Tight supply should be begin loosening up
– Sales pricing should decline 18 – 24%
– More difficult … Read the rest
Piper Jaffray Bullish On Solar, Initiates More Coverage; Sunpower (SPWRA) Downgraded By Soleil
Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings. Most of the price targets are way above the current prices. Here’s the run down…
Overweight:
First Solar (FSLR) with 200 price target.
Renesola (SOL) with 20 price target.
Yingli Green Energy (YGE) 14 PT.
LDK Solar (LDK) 12 PT
SatCon Technology (SATC) 5 PT
Trina Solar (TSL) 35 PT
SunPower (SPWRA) 20 … Read the rest
Jefferies Remains Bullish On China Solar – TSL, YGE, JASO, SOLF
Jefferies reiterated its Buy ratings on Trina Solar (TSL), Yingli Green Energy (YGE), JA Solar (JASO) and Solarfun (SOLF) this morning. The firm believes more German & Japanese brands will source modules from China to cut costs. They believe JASO and SOLF will benefit the most while TSL and YGE may not be willing to manufacture for other brands. Shares of the China solar stocks are flat to down today after a nice run … Read the rest
Morning Analyst Ratings: YGE, GPRE, CDXS
Jefferies is out reiterating its Buy rating on shares of Yingli Green Energy (YGE) and has a $17 price target (more than 60% higher than current levels). The firm views YGE as a top solar player. Shares aren’t moving on the Buy reiteration in pre-market trading.
====> Click Here For Your FREE Daily Yingli Technical Analysis
Piper Jaffray upgraded shares of Codexis (CDXS) to Overweight from Neutral and raised the price target to $12 from … Read the rest