Yingli Green Energy (YGE) is announcing a collaboration with the Energy Research Centre of Netherlands and Amtech Systems (ASYS) to develop and implement high efficiency N type silicon solar cells, named PANDA. The solar cells will use Netherland’s designs, the solar diffusion technology and dry PSG removal expertise of Amtech and Yingli’s production line and cell process technology.
“Yingli Green Energy always strives to be at the forefront of the latest technological developments in the … Read the rest
“We believe Germany is the most import market for growth in 2009. YGE has 50-70% of its production contracted with leading German distributors and installers, greater than … Read the rest
Yingli Green Energy (YGE) is erasing Friday’s losses after Collins Stewart maintained its Buy rating and raised the price target from $10 to $11 and Lazard Capital upgraded the stock from Hold to Buy this morning.
Here are the comments from Collins according to Street Insider. Not exactly bullish comments!
“YGE’s 1Q09 revenues were $146M, 20% below our $181M forecast and the $194M consensus. Revenues were down 36% yr/yr and 43% sequentially. We estimate … Read the rest
Yingli Green Energy (YGE) missed EPS and revenue estimates by a wide margin, but the stock is holding up reasonably well, off just 5%. The company reported an EPS loss of .09/share on revenues of $146 million. That’s a 36% haircut on the revenue side from the year ago quarter. The CEO rhetoric remains the same.. poor economy, tight credit conditions, etc. However, CEO Liansheng Miao does believe the 1st quarter marked a low point … Read the rest
Yingli Green Energy (YGE) has signed an agreement today to be the exclusive polycrystalline PV module supplier for AES Solar for the next three years. Financial terms of the deal haven’t been disclosed.
”We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,” commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green … Read the rest
Are the tides turning for the solar industry? After months of doom and gloom forecasts, downgrades and price target cuts some upgrades and positive notes are beginning to slowly trickle in from analysts. Ah oh, time to sell!
Barron’s reported today that Merrill Lynch came out with a report today saying that improving second derivative trends suggest the industry is headed for a cyclical bottom. They went on to say that while demand won’t recover … Read the rest
Yingli Green Energy (YGE) posted flat earnings growth over the year ago quarter with a non GAAP EPS of .15/share in the latest quarter on revenues of 258 million (about a 25% increase over the year ago quarter.
YGE reaffirms that its PV module shipment target is expected to be in the estimated range of 550 MW to 600 MW for fiscal year 2009, which represents an increase of 96.1% to 113.9% compared to fiscal … Read the rest
Yingli Green Energy Holding Co Ltd announced that Yingli Energy (China) Co. Ltd, a wholly owned subsidiary, has signed an agreement for a three year loan facility with ADM Capital. The agreement will provide Yingli Green Energy with more capital to fuel its business growth.
RTT News has addition details on the terms of the loan:
ADM Capital has agreed to provide a three-year loan facility of up to US$80.0 million to Yingli China for