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PR Newswire (Mon, 6:27AM)
PR Newswire (Mar 5, 2014)
PR Newswire (Feb 25, 2014)
at MarketWatch.com (Feb 14, 2014)
at MarketWatch.com (Feb 10, 2014)
PR Newswire (Jan 30, 2014)
Yingli Green Energy to Supply 2 MW of Solar Modules to Maqo Solar for Residential Projects in MalaysiaPR Newswire (Jan 27, 2014)
PR Newswire (Jan 14, 2014)
at Fox Business (Jan 6, 2014)
PR Newswire (Jan 6, 2014)
at CNBC.com (Jan 2, 2014)
PR Newswire (Jan 2, 2014)
PR Newswire (Dec 19, 2013)
PR Newswire (Dec 17, 2013)
PR Newswire (Dec 16, 2013)
Yingli Green Energy Congratulates on the Grid Connection of World's Largest Hydro and PV Hybrid ProjectPR Newswire (Dec 13, 2013)
at Fox Business (Jan 6, 2014)
at CNBC.com (Jan 2, 2014)
at CNBC.com (Nov 12, 2013)
at CNBC.com (Oct 7, 2013)
at CNBC.com (Sep 23, 2013)
YGE vs. ETF Alternatives
Yingli Green Energy Holding Company, Ltd., along with its subsidiaries, engages in the design, development, marketing, manufacture, installation and sale of photovoltaic products. Its products include PV modules and PV systems.
Monday, Mar 103:57 PM
Monday, Mar 103:57 PM| 7 Comments
- Chinese Internet and solar names, many of them among the standouts of the 2013/2014 tech rally, are heading into the close with steep losses after the Chinese government reported exports fell 18.1% Y/Y in February (much worse than expected).
- Internet decliners: WUBA -10.7%. YOKU -7.3%. ATHM -7.2%. QUNR -6.4%. NQ -6%. RENN -5.2%. CTRP -5.2%. YY -4.4%. WBAI -4.4%. KONG -5.5%.
- Solar decliners: JKS -6.3%. YGE -5.8%. TSL -6.7%. CSUN -4.9%. CSIQ -4.5%. DQ -4.2%. HSOL -4.5%.
- Solar ETFs: KWT, TAN
Tuesday, Mar 411:06 AM
Tuesday, Mar 411:06 AM| Comment!
- Yingli (YGE +6.1%) expects to report 11%-12% Q/Q Q4 module shipment growth, above prior guidance for a mid-to-high single-digit percentage increase. Full-year guidance for module shipments of 3.2GW-3.3GW is being reiterated.
- At the same time, Yingli is now forecasting a Q4 gross margin of 12%-13%, below prior guidance of 14%-16% and a Q3 level of 13.7%. The company blames a "year-end tax adjustment" and the unloading of low-efficiency solar cell inventory.
- Shares are joining a broader solar stock rally. Full Q4 results arrive on March 18.
Tuesday, Feb 184:03 PM
Tuesday, Feb 184:03 PM| 1 Comment
- On a good day for many tech momentum plays, solar and Chinese Internet stocks led the way.
- Solar names could be benefiting from Chinese government remarks suggesting Beijing remains open to trade talks to end its ongoing solar import dispute with the U.S. The comments come after the ITC added Chinese solar panels made with Taiwanese cells to its list of Chinese panels covered by import duties.
- Also: SunEdison (SUNE +6.6%) has filed for an IPO for its solar project business, a move that could entice other companies with major solar project ops to do the same.
- Solar gainers: FSLR +6.9%. SCTY +8%. JASO +12.6%. DQ +9.2%. CSUN +8.1%. YGE +5.5%. JKS +5.3%.
- Chinese Web gainers: CTRP +11.5%. CCIH +16.8%. RENN +11%. YOKU +6.1%. QIHU +6.9%. WUBA +10.6%. WBAI +7.9%. GOMO +9.1%. SOHU +5.6%.
- Solar ETFs: KWT, TAN
Wednesday, Feb 58:29 AM
Wednesday, Feb 58:29 AM| Comment!
- Chinese solar firms are said to be weighing a response to U.S. anti-dumping and anti-subsidy investigations on imports of silicon solar PV products from China and Taiwan (TAN; KWT).
- The disputes with the U.S. come after China last year resolved similar disputes with the EU, which accused China of undercutting European competitors by selling solar panels at below-cost price.
- Chinese PV makers have issued strong protests, and a senior executive at Yingli Solar (YGE) reportedly says the first step is to reduce the scope of products being investigated.
- The U.S. has become the second-largest market for YGE, with U.S. shipments taking 27% of its total output, surpassing Europe; ~10% of Jinko Solar's (JKS) production now goes to North America, becoming one of its three top markets.
Thursday, Jan 239:59 AM
Thursday, Jan 239:59 AM| 9 Comments
- SEC administrative law judge Cameron Elliot has barred the Chinese units of the Big-4 accounting firms - KPMG, Deloitte, PwC, and Ernst & Young - from auditing U.S.-listed companies for six months.
- Elliot declares the accounting firms "willfully" chose to withhold audit work papers from U.S. regulators for Chinese companies being investigated for accounted fraud. The firms have been worried about violating Chinese privacy laws by turning over the papers, and have argued the dispute needs to be resolved politically.
- Though the firms plan to appeal and say they can continue serving Chinese clients for now, shares of Chinese Web and solar names aren't handling the news well. Soft Chinese PMI data could be worsening matters.
- Chinese Web decliners: BIDU -2.5%. SOHU -3.2%. DANG -8.9%. SFUN -8.5%. PWRD -8.5%. QUNR -7.1%. LITB -6.5%. YY -6.1%. WUBA -6%. BITA -5.4%. EJ -5.9%. SINA -4.6%. LITB -6.5%. CTRP -5.4%. NQ -7.1%.
- Chinese solar decliners: TSL -8.7%. JASO -6.9%. SOL -6.3%. JKS -5.6%. CSIQ -5.4%. DQ -4.6%. YGE -5.6%. CSUN -6.2%. HSOL -7.8%.
- Qihoo (QIHU -4.6%) has joined the selloff in spite of a BrightWire report stating Alibaba (ABABA) has reached a deal to acquire a stake in the company. Marbridge Consulting reported two weeks ago Qihoo and Alibaba were in talks about a possible investment.
Tuesday, Jan 211:18 PM
Tuesday, Jan 211:18 PM| 4 Comments
- New German energy minister Sigmar Gabriel has outlined fresh solar, wind, and biogas subsidy cuts. The proposed cuts, which have already drawn criticism from politicians and the local solar industry, would come on top of 2012 cuts imposed by Europe's largest solar market.
- Citing a wish to curb electricity bill increases caused by renewable energy subsidies, Gabriel is proposing (among other things) to lower Germany's renewable feed-in tariff to €0.12/kWH from €0.17/kWh, and to limit annual solar capacity expansion to 2.5GW.
- He also proposes operators of new 500KW or larger solar plants sell their electricity directly by 2015, and to replace feed-in tariffs with a tender system by 2017. In addition, a self-consumption surcharge is proposed for certain new solar installations.
- Solar stocks are seeing some profit-taking (TAN -2.6%) following the news. Notable decliners: FSLR -2.3%. JKS -2.9%. SUNE -2.8%. DQ -3.3%. YGE -2.8%. SOL -2.6%. SOL -2.6%. TSL -1.5%. CSUN -2.1%.
Tuesday, Jan 71:05 PM
Tuesday, Jan 71:05 PM| 5 Comments
- Solar stocks started 2014 with a bang, and are adding to their momentum today (TAN +4%) with the help of positive industry and company-specific news.
- The Chinese government, which last year set a 35GW 2015 cumulative installation target, is now promising additional support, and says it will draft guidelines for industry M&A. Consolidation with China's fragmented solar cell/module market could both lower overcapacity (already declining thanks to rising demand) and lead to further margin expansion.
- Yingli (YGE +8.7%) and Canadian Solar (CSIQ +7.4%), both of which saw huge 2013 gains, are today's biggest gainers. Yingli has announced it's forming a JV with state-owned China National Nuclear Corp. to create 500MW of utility-scale solar projects. Canadian has announced a deal to supply 25.3MW of modules for four North Carolina projects.
- Also: Hanwha (HSOL +4.6%) has signed an MOU to supply up to 50MW of modules to U.S. residential solar installer OneRoof Energy.
- Other gainers: FSLR +2.7% (hit by a Goldman downgrade yesterday). SUNE +4.4%. DQ +4.9%. CSUN +3.2%. JASO +5.5%. ENPH +6.8%. ASTI +3.8%. JKS +3%.
Thursday, Jan 212:45 PM|Thursday, Jan 212:45 PM| 2 Comments
Thursday, Jan 212:09 PM
Thursday, Jan 212:09 PM| Comment!
- On the first trading day of 2014, solar stocks are picking up right where they left off in 2013. Today's gains come in spite of a general selloff in equities.
- A bullish Deutsche note could be helping the group: The firm's checks lead it to think cumulative Chinese solar installations will pass a 2014 government target of 12GW this year. Last month, Deutsche defended Chinese solar names in the face of concerns about a possible 4GW 2014 cap on local utility-scale installations.
- Yingli (YGE +14.2%) is headlining today's winners. The company has announced it's forming a JV with a unit of Datong Coal Mine to build solar power plants in the Chinese city of Shuozhou. Hanwha, which has announced a Belgian module supply deal, is also up sharply.
- Other big gainers: CSIQ +9.2%. FSLR +4.9%. SOL +7.3%. JASO +6.7%. JKS +6.2%. SCTY +6.1%. TSL +6.1%. LDK +4.6%. SUNE +3.1%. CSUN +7.8%.
- Solar ETFs: KWT +2.9%. TAN +4.4%.
Monday, Dec 302013, 12:56 PM
Monday, Dec 302013, 12:56 PM| Comment!
- Solar stocks aren't getting left out on a day that's seeing a number of heavily-shorted names shoot higher (see NQ Mobile and InvenSense). With one trading day left in the year, the Guggenheim Solar ETF (TAN +2.5%) is up 128% YTD.
- China Sunergy (CSUN +15.5%) is today's biggest winner: The company announced this morning it has completed the sale of a 5MW U.K. solar project to a local firm.
- Trina Solar and Real Goods Solar, each of which announced new solar project deals, are also posting solid gains. As is ReneSola (SOL +3%), which announced it has signed a memorandum of intent to sell 60MW worth of Chinese solar projects.
- Also rallying: DQ +8.2%. JASO +6.5%. SPWR +2.8%. HSOL +6.3%. CSIQ +4.6%. JKS +4%. YGE +6.3%. STP +2.3%. ENPH +4.9%.
Tuesday, Dec 242013, 2:31 PM
Thursday, Dec 192013, 2:44 PM
Thursday, Dec 192013, 2:44 PM| 1 Comment
- Volatile solar stocks are making another move higher today. With less than two weeks left in the year, the Guggenheim Solar ETF (TAN +2.2%) is staring at a 128% YTD gain.
- Trina (TSL +4.1%) and ReneSola (SOL +3.2%) have both announced supply deals - the former is supplying 25MW of modules for a Thai solar project, and the latter is providing 365KW of modules and solar inverters for California projects.
- Notable gainers: SCTY +7.8%. FSLR +2.7%. SPWR +4.1%. YGE +4.1%. CSIQ +3.8%. SunEdison is also up, after Leon Cooperman provided a favorable mention.
Tuesday, Dec 172013, 11:13 AM
Tuesday, Dec 172013, 11:13 AM| Comment!
- Yingli (YGE +6.3%), in partnership with two other Chinese firms, has won 233MW worth of Algerian solar project contracts from a unit of state-owned utility Sonelgaz. Construction will start next month, and is expected to be finished in eight months. (PR)
- Separately, Yingli says its modules will be exempt from EU anti-dumping and anti-subsidy duties as part of an agreement reached between EU and Chinese regulators (previous). The deal calls for participating Chinese solar exporters (including Yingli) to agree to a minimum module price of €0.56/watt, and caps solar imports from China at 7GW.
Tuesday, Dec 102013, 11:46 AM
Tuesday, Dec 102013, 11:46 AM| 5 Comments
- A day after solar stocks sold off amid concerns about a possible 4GW cap on 2014 Chinese utility-scale solar installations, shares are bouncing with the help of a Deutsche note that calls such fears overblown, and states checks indicate the Chinese government has become "even more serious" about achieving its 35GW 2015 cumulative installation target.
- In spite of utility cap worries, Deutsche's checks suggest "the policy outlook for large [solar] projects in China has improved since mid-November," with approval times having been cut. Moreover, provinces haven't shown any sign of being issued targets or quotas related to an installation cap.
- The firm also thinks a new Chinese solar subsidy program (focused on self-consumption) that kicks in next month will offset the expiration of China's Golden Sun subsidy program, and that a more streamlined incentive process will fuel installation growth.
- Deutsche is reiterating Buys on Yingli (YGE +4.3%) and Trina (TSL +5.9%). Also up: FSLR +2.6%. HSOL +9.7%. CSIQ +5.9%. JKS +6.1%. SOL +3.7%.
- Solar ETFs: KWT, TAN
Monday, Dec 92013, 2:50 PM
Monday, Dec 92013, 2:50 PM| 11 Comments
- The Chinese government, which has a 12GW 2014 solar installation target, wants to see 8GW of installations involve distributed solar systems (such as those installed on residential and commercial buildings), and just 4GW of higher-margin utility-scale deployments.
- Credit Suisse notes investors are concerned the 12GW target won't be attainable if utility-scale installations are capped at 4GW. It thinks Yingli (YGE -5.9%), Trina (TSL -7%), and JinkoSolar (JKS -5.3%) have the most to lose if such a cap is implemented.
- Nomura is less concerned, noting most companies it has talked to believe 4GW "will be more of a guideline rather than a firm cap." The firm adds China's solar policy discussion is "fluid," and that the government remains committed to supporting solar adoption.
- Notable solar decliners (in addition to the aforementioned companies): HSOL -12.1%. SPWR -5.6%. CSUN -5.5%. JASO -3.4%. DQ -2%.
- Last Friday: Solar stocks fall in spite of market rally
Friday, Dec 62013, 12:25 PM
Friday, Dec 62013, 12:25 PM| 12 Comments
- Even as markets rally in response to a favorable NFP report, solar stocks are giving back some of this year's gains. ReneSola (SOL -10.3%), which tumbled yesterday after positing Q3 results and announcing it's shuttering a polysilicon plant, is the biggest decliner.
- Credit Suisse has cut its ReneSola PT to $3 from $5, while reiterating an Underperform. The firm notes the plant shutdown removes 40% of ReneSola's polysilicon capacity, and undermines arguments the company will benefit from rising polysilicon prices in 2014/2015. It's also worried about ReneSola's "relatively low margins" and limited downstream (solar plant) exposure.
- One positive piece of industry news: A Japanese trade group estimates Japan's solar cell/module shipments rose 25% Q/Q and 231% Y/Y in Q3 to 2.075GW. Imports accounted for 58% of shipments, and rose 30% Q/Q and 540% Y/Y.
- Rising shipments to Japan have already lifted the sales and margins of many Chinese module suppliers. First Solar (FSLR -1.9%) announced its entry into the market last month.
- Notable solar decliners: YGE -6.7%. TSL -3.5%. CSIQ -2.7%. JKS -2.6%. LDK -2.1%. JKS -2.6%. JASO -2.2%.
- Solar ETFs: KWT, TAN