Auriga is reiterating a Sell on Yingli Green Energy (YGE), believing the company's polysilicon...

|About: Yingli Green Energy Holding... (YGE)|By:, SA News Editor

Auriga is reiterating a Sell on Yingli Green Energy (YGE), believing the company's polysilicon plant (supplies raw materials for Yingli's solar modules) is a "white elephant," given manufacturing costs well above crashing spot prices. Auriga expects Yingli to exit the polysilicon space in 2012. Nonetheless, shares are up 3.7%, rallying along with other solar names. (Q3 report)