Yingli Green Energy just announced the signing of a 3 year framework agreement with German solar integrator Gehrlicher Solar AG. Per the agreement, Yingli will supply 285MW worth of PV modules to Gerlicher for the next 3 years, until 2012. The modules will be used in installations across various European markets.
In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the agreement:
“We are pleased to … Read the rest
Barcays is out with a few solar downgrades this morning..
Suntech Power (STP) gets downgraded from Overweight to Equalweight with a new price target of $12 from $16
Yingli Green Energy (YGE) downgraded from Overweight to Equalweight and price target slashed to $11 from $19
LDK Solar (LDK) downgraded from Equalweight to Underweight and price target halved to $4 from $8
Evergreen Solar (ESLR) downgraded from Equalweight to Underweight with the price target now under … Read the rest
Yingli Green Energy (YGE) just announced that the Chinese government has approved the company’s application to use their manufacturing base in Baoding, China as the site of the country’s first State Key Laboratory of PV Technology. The purpose of the laboratory will be to foster the development of world class solar PV development in China, and Yingli will have dibs on commercialization rights to technologies developed there.
In a press release, Mr. Liansheng Miao, Yingli’s … Read the rest
Yingli Green Energy is slated to receive a tax credit of $4.5 million for building a manufacturing facility in the US. The company plans to build a 100MW facility in the US, though it has not yet settled on a site. A location is expected to be announced in the next few weeks and the facility is expected to be up and running by the end of the year.
In a press release, Mr. … Read the rest
Yingli Green Energy just announced that it has signed 5 sales agreements with Spanish customers, for a total of 30 MW. All 30 MW are expected to be delivered in the first half of 2010.
In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the news:
“We are pleased to see continued demand for our high quality modules in Spain. Following the global financial crisis and … Read the rest
Yingli Green Energy (YGE) has announced the largest contract in its history as it signed a 130MW solar supply deal with IBC Solar of Germany and will ship the modules throughout 2010.
CEO Liansheng Miao commented, “This cooperation with IBC SOLAR, one of the world’s largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement … Read the rest
Yingli Green Energy just announced that the company has entered into a sales agreement with Payom Solar AG. Under the terms of the agreement, Yingli will supply Payom with 51 MW of solar modules throughout 2010.
In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the agreement:
“This agreement extends the successful cooperation with Payom that we have enjoyed over a number of years, and … Read the rest
We have conflicting views on Yingli Green Energy (YGE) out of Janney Montgomery and HSBC. Janney is upgrading it from Neutral to Buy with and has a price target of $20.
Hat tip to StreetInsider.com for the following analyst comment:
“We are upgrade Yingli Green Energy to BUY, as the outlook for pricing and thus margins have improved. Yingli is a major price setter, and they are guiding to a more benign pricing environment in … Read the rest
Yingli Green Energy (YGE) posted a mostly strong earnings report this morning, beating on the EPS side and posting record revenues, but missing Wall ST revenue estimates just a bit. Like most solar companies this quarter, the company posted results much better sequentially but flat compared to the year ago quarter. Granted, the year ago quarter was typically the best quarter for most solar companies, so starting next quarter the quarter over quarter growth should … Read the rest
Shares of Yingli Green Energy (YGE) are holding steady this morning despite the Sell rating by Hapoalim Securities.
The analyst comment below courtesy of StreetInsider.com
“After updating our model to include: (1) higher ASPs (inline w/ YGE’s guidance),(2) higher shipments (above YGE’s guidance), & (3) lower poly-Si sourcing costs (which implies YGE works thru the majority of its excess poly-Si inventory), we are still below the Street for C3Q09; given our analysis suggests consensus is … Read the rest