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
There were a few upgrades and downgrades of green stocks today, particularly in the solar space that I wanted to run through tonight.
Macquarie made a few calls in the solar space worth mentioning:
Yingli Green Energy (YGE) was upgraded from Neutral to Outperform. Shares finished up more than 5% and bounced off the 50 day moving average.
Sunpower (SPWRA) was upgraded from Underperform to Neutral. Shares finished up nearly 7% today and are nearing … Read the rest
Yingli Green Energy just announced a cooperation and supply agreement with SiC Processing AG to recycle its silicon manufacturing waste. Under the agreement, SiC, which has a processing facility inside Yingli’s Baoding plant, will double its capacity to be able to handle Yingli’s exhausted siicon cutting slurries, from 15,000 tons to 30,000 tons. The expansion will be completed by next year, and SiC will supply the recycled silicon components exclusively to Yingli until 2020.
In … Read the rest
Yingli Green Energy just announced that they will be providing CTP, a Czech commercial property developer, with 5 MW of solar PV modules. Under the terms of the letter of intent, signed by both companies, CTP is expected to purchase the modules from Yingli in the fourth quarter of this year.
In a company press release, representatives from both companies commented on the deal:
“We believe Yingli is a value-added partner with its leading position … Read the rest
Some positive analyst ratings are out this morning. Here’s the rundown:
Hat tip to StreetInsider.com for the analyst comments.
First Solar (FSLR) gets a Buy rating from Merriman Curhan. The firm says, “First Solar is a leading provider of thin film solar technology primarily serving the power utility market and continues to command cost leadership at $0.87/watt vs. its silicon-base solar peer group at $2.50/watt. Solar is rapidly becoming a critical alternative energy solution … Read the rest