Auriga is out reiterating its Buy rating and $17 price target on Yingli Green Energy (YGE) ahead of its earnings report Friday morning. Here are highlights of the notes..
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· Stock price does not reflect cash flow implied by 2011 estimates. The stock has risen enough to account for stronger than expected Italian demand.
· Margins better than guided in 4Q, but still decline … Read the rest
Yingli Green Energy (YGE) announced it has signed a new 20MW solar module supply agreement with San Diego-based Borrego Solar Systems Inc. for 2011 which will be used in commercial projects across the US. Borrego Solar isn’t a stranger to Yingli. They bought 10MW from Yingli last year.
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Shares of YGE aren’t moving on the news today, down a few percent, but much improved … Read the rest
Yingli Green Energy (YGE) is announcing a big order this morning with Germany’s Solarstrom AG (this was actually originally announced over a week ago by SAG). Yingli will supply 220MW in solar modules to the big German solar developer over the next three years. The two companies have been working together for more than five years and Yingli is a preferred supplier of SAG. No word on the financials of the deal.
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Auriga issued reports on both Solarfun (SOLF) and Yingli Green Energy (YGE) and remain bullish on both.
They are maintaining the Buy rating on Yingli Green Energy (YGE) but reducing the price target a bit from $15 to $13 because the firm believes margins may be peaking. However they believe the Fine Silicon depreciation and Panda expansion costs are overblown and believe the company will continue to gain market share. Shares of YGE traded down … Read the rest
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
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 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.
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Hapoalim is also raising … Read the rest
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.
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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
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
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.
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Piper Jaffray upgraded shares of Codexis (CDXS) to Overweight from Neutral and raised the price target to $12 from … Read the rest