Yingli Green Energy Holding Company Limited (NYSE YGE)
Yingli is Good Penny Stock for New Investors
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as “Yingli Solar” or “Yingli”, is one of the world’s leading photovoltaic (PV) module manufacturers. Yingli Green Energy’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 15 GW solar panels to customers worldwide.
It appears as though there’s a considerable measure to be energized for Yingli, so why the alert on my part to rate them as a purchase? A couple of things. Yingli still has a gigantic obligation issue to stress over, keeping in mind positive income can help them get to more credit offices, rebuilding will doubtlessly hamper administration’s capacity to ‘flame on all barrels’ for 2016.
Also, if request from Japan begins declining, which is definitely will in 2017, will Yingli have another market to take advantage of? While the United States represented 14% of aggregate deals, Japan represented 40%, an a great deal more huge number, and likely less expensive delivery costs.
Request issues are surely worth taking note. Roth Capital discharged a bearish give an account of the division barely 10 days prior, guaranteeing that overcapacity is plausible considering a debilitated Chinese request.
There is much to celebrate for speculators who are long Yingli Green Energy. Ideally this report is like those later on, yet there are vital issues that must be tended to. Until they are, I will shun prompting a BUY on the organization. Upbeat contributing!
In the latest report quarter the company generated a net benefit of RMB71.8 million. Its aggregate PV module shipments, including shipments to its own particular downstream PV ventures, achieved 662.0MW in the second quarter, speaking to an expansion of around 30% from the principal quarter of 2016.