In recent days, California has proposed legislation that would help kick start smaller scale solar projects (1 – 20MW) using a feed-in-tariff system, but the rates would be set by an open bidding process which would help curb excessive rates for consumers while generating fair returns for the developer. The Renewable Auction Mechanism (RAM) as it’s called is just a proposal at this point, but a final ruling could come within 30 days. It’s likely … Read the rest
Tag Archives: yge
Hapoalim Securities Maintains Sell Rating On Yingli Green Energy (YGE)
Hapoalim Securities is out maintaining its Sell rating on Yingli Green Energy (YGE) following the earnings report.
“Based on our initial take on YGE’s 2Q10 earnings release, it reported an impressive quarter that surpassed our and Street estimates across the board. Both revenue and GMs exceeded our above-consensus forecast, while lower than-expected opex and interest income offset higher-than-anticipated FX losses to drive EPS of $0.21 ahead of our $0.15 estimate and the Street at … Read the rest
Yingli Green Energy (YGE) Beats, Reaffirms Guidance
Yingli Green Energy (YGE) reported a Q2 non GAAP EPS of $0.21, 6 cents better than the analyst estimate of $0.19 on revenue of $398.1 million, vs the estimate of $371.13 million. That represents a 62% increase over the year ago EPS number and an 82% jump in revenue, so a real nice quarter from Yingli. Gross margins reached a record high 33.5% in the quarter.
====> Click Here For Your FREE Yingli Green Energy … Read the rest
Yingli Green Energy (YGE) Announces Collaboration With Innovalight
Yingli Green Energy just announced that it will be collaborating with Innovalight, a company that sells highly efficient solar products based on silicon ink. The goal of the collaboration is to help Yingli boost the efficiency of its own solar cells.
====> Click Here For Your FREE Yingli Technical Analysis
In a press release, Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy, commented on the collaboration:
“We are glad to sign this … Read the rest
Yingli Green Energy (YGE) Signs 6MW Italian Deal, Potential For 16 – 26MW
It was announced this morning that the Italian subsidiary of Yingli Green Energy (YGE) signed a 6MW solar module sales agreement with Tecno Spot for this year and Tecno has committed to another 10 – 20MW for 2011.
====> Click Here For Your FREE Yingli Technical Analysis
CEO of YGE Liansheng Miao and Italia Sales Manager Fabio Patti commented:
“We see great potential in the Italian market, which has a very robust demand for Yingli … Read the rest
Jefferies Bullish On Green Stocks: Buy JASO, YGE, TSL, ITRI, ENS, AMSC; Hold FSLR, CSIQ, SOLF, SPWRA, STP, WFR, ORA
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
Yingli Green Energy (YGE) To Provide 15MW Of Solar Modules To Kaiser Permanente Hospitals
Yingli Green Energy (YGE) announced at the North American Intersolar conference today that it will provide 15MW of solar modules to Kaiser Permanente hospitals and office facilities across California. They will deliver around 65K modules over the next year to Swinerton Renewable Energy which is the designer and installer of the solar power systems. Recurrent Energy will own and operate the 16 power systems. No word on the financials of the deal.
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Citi on Solar: Buy TSL, Hold YGE, Sell STP
Citi has initiated coverage on a few more solar names, adding Trina Solar (TSL), Yingli Green Energy (YGE) and Suntech Power to its coverage. Hat tip to Street Insider for the analyst commentary.
TSL gets initiated with a Buy rating and price target of $30 which is about 50% higher from current levels. It’s down about 2% today and will face some resistance at the 200 day moving average. “We see solid execution, no need … Read the rest
Yingli Green Energy (YGE) Announces Strategic Cooperation Agreement with China Development Bank
Yingli Green Energy just announced that one of its affiliates, Yingli Group Company, has signed a strategic cooperation agreement with China’s state-owned China Development Bank. Under the agreement, a maximum of RMB 36 billion worth of credit facilities may be granted to Yingli and its affiliates, including Yingli Energy (China) Co., Ltd and Fine Silicon Co., Ltd, which are owned completely by Yingli and Yingli Green Energy–Baoding Tianwei Yingli New Energy Resources Co., Ltd, which … Read the rest
Yingli Green Energy (YGE) Widens US Distribution With DC Power Deal
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.
====> … Read the rest