Yingli Green Energy Holding (NYSE:YGE) manufactures and sells photovoltaic (PV) products. Products are sold primarily in China as well as in Germany, Spain, Italy and the United States.
For the first quarter ended March 31, 2008, Yingli Green Energy Holding reported, in a press release, a whopping 272% increase in revenue to $227.5 million from the first quarter in 2007. Also, according to the press release, net income for the first quarter 2008 rose a meteoric 2,580.5% to $31.9 million from the first quarter 2007.
Yingli Green Energy is a dynamic company that does not stand still as evidenced by the signing of new contracts with companies in Korea, France and most recently in Germany.
The stock prices of many solar energy companies have come down significantly, as the entire sector has been hit hard and Yingli Green Energy is no exception. Yingli's stock closed Tuesday, June 10th at $18.00, down 56% from its fifty-two week high of $41.50.
Yingli Green Energy Holding (NYSE:YGE) is a global solar energy company that is making money and expanding into new markets such as France and Korea. The stock looks attractive at these prices based on its growth rate, solid financials, and strong position in China as well as its expanding global presence in a much needed technology. It's usually a good time to buy a hot stock when the sector has cooled down.
Reference:
http://ir.yinglisolar.com/e/press_detail.php?pkey=37&news_date_year=2008&keyword_search=
Company First Quarter 2008 Financial Press Release
User comments
Half of that is $42.50.
Can't Wall Street give her that at least? gee wiz
to see the shareprices of CSIQ and even SOL soar above YGE was an undeserving cryin shame
I would be very interested in seeing a comparison between CSIQ and YGE and why the huge difference in appreciation over the last few months.