Yingli Green Energy (YGE) announced today that it has a sales contract with SunDurance Energy LLC, which develops large scale energy facilities in the US. YGE will supply 1.4MW of PV modules to SunDurance from Dec 08 to Jan 09 to be used at the Livingston Campus of Rutgers University. It’s expected to be the largest campus solar energy facility in the US and generate 10% of the electrical demand while reducing campus carbon … Read the rest
Tag Archives: yingli green energy
Amtech Cuts Price Target on Yingli Green Energy (YGE) to $27
Just a day after Piper Jaffray maintained its price target of $45 on YGE, Amtech is cutting its own price target from $36 to $27, which is still more than $10 from current levels.
According to StreetInsider.com, the firm calls Yingli’s earnings strong but believes there are reasons for concern such as the company’s cash balance and reliance on short term debt to fund expansion. … Read the rest
Piper Maintains BUY On Yingli (YGE) & $45 Price Target
According to StreetInsider.com, Piper Jaffray is reiterating its Buy rating on Yingli Green Energy (YGE) and maintains a price target of $45 on the stock, which would be a triple from current levels.
The firm believes YGE has the lowest processing cost in the industry and the highest poly cost today which levers it to the eventual spot poly price reduction that they see happening in 09. The firm also likes the fact that … Read the rest
Yingli Green Energy (YGE) Signs New Contracts in Korea
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
Piper Reiterates Buy Rating on Yingli Energy (YGE) But Revises Target
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