Posts for Ticker ‘YGE’

First Solar Makes a Sale (ENB, FSLR, YGE, TSL, STP)

biotechCanadian oil and gas pipeline company Enbridge Inc. (NYSE:ENB) today announced that it would purchase a 20 megawatt solar generation plant from First Solar, Inc. (NASDAQ:FSLR). No purchase price was given for the plant, which is located near Sarnia, Ontario, but Enbridge’s CEO said that the company would invest about $100 million on solar energy projects in 2009. Read More »

Posted on: October 2, 2009 – 10:45 am in Alternative Energy, Green Biz, , , , ,

Alternative Energy Shares Troubled (YGE, SPWRA, TSL, ENER, AONE, CRTP)

oilThis morning’s report on unemployment has cooled enthusiasm for shares across the board. Solar stocks are, for the most part, no exception. Yingli Green Energy Holding Co. Ltd. (YGE) is down nearly 3%, SunPower Corp. (SPWRA) is off more about 2.25%, Trina Solar Ltd. is down about 3.5%, and Energy Conversion Devices, Inc. (ENER) is off more than 3%. Two stocks, A123 Systems Inc. (AONE) and China Ritar Power Corp. (CRTP) are flying against the headwinds. A123 is up more than 7% and Ritar is up about 2% in early trading. Read More »

Posted on: October 1, 2009 – 10:42 am in Alternative Energy, Green Biz, , , , ,

Analysts Duel Over Solar Stocks (ASTI, CSUN, ENER, ESLR, FSLR, SFUN, STP, SPWRA, YGE)

solar-panel-picJefferies has made some key downgrades in the solar sector this morning.  There are few other calls that were upgrades from rival firms, but the downgrade seems to be more front and center as it was a sector call.

Ascent Solar (NASDAQ:ASTI) Cut to Underperform at Jefferies.
China Sunergy (NASDAQ:CSUN) Cut to Underperform at Jefferies.
Energy Conversion (NASDAQ:ENER) Cut to Underperform at Jefferies.
Evergreen Solar (NASDAQ: ESLR) Cut to Underperform at Jefferies.
First Solar (NASDAQ: FSLR) Cut to Hold at Jefferies.
SolarFun Power (NASDAQ: SFUN) Cut to Underperform at Jefferies.
SunPower (NASDAQ: SPWRA) Raised to Buy at Merriman Curhan Ford; Cut to Hold at Jefferies.
Suntech Power (NYSE: STP) Cut to Underperform at Jefferies; Cut to Neutral at Cowen.
Yingli Green Energy (NYSE: YGE) Raised to Overweight at HSBC.

JON C. OGG
AUGUST 21, 2009

Posted on: August 21, 2009 – 8:26 am in Alternative Energy, Analyst Calls, , , , , , , , ,

Top Day Trader Alerts (AET, GLW, TMS, YGE, CALM, ANR)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Aetna Inc. (NYSE: AET) shares are down sharply on earnings affected by significantly higher commercial medical costs.

Corning Inc. (NYSE: GLW) shares are down on disappointing expectations for glass shipments.

Thomson (Nasdaq: TMS) shares are rising after the French media and technology firm said agreed to a debt restructuring with its creditors.

Yingli Green Energy Holding Co. (NYSE: YGE) shares are up on comments by CNBC’s Jim Cramer on his “Mad Money” show.

Cal-Maine Foods Inc. (Nasdaq: CALM) are down sharply in the premarket after a big earnings miss.

Alpha Natural Resources Inc. (NYSE: ANR) sees some early signs of a market turnaround, but are falling after missing EPS by 16 cents.

-The 24/7 Wall St. Team

Posted on: July 27, 2009 – 8:11 am in Pre-Market Activity, Trading Alert, , , , , ,

Yingli Expanding in America (YGE)

solar-panel-picYingli Green Energy Holding Company Limited (NYSE: YGE) is going harder after the solar market in North America.  The Chinese PV Manufacturer is opening two coastal U.S. headquarters offices in New York City and San Francisco to support its North American customer base and to facilitate new partnerships in North America.
Read More »

Posted on: July 15, 2009 – 6:18 am in ADR, Alternative Energy, China, Green Biz,

Yingli Secures New Credit Facilities, Further Complicates Structure (YGE)

Money Stack ImageYingli Green Energy Holding Company Limited (NYSE: YGE) is seeing shares get clipped a bit this morning.  Some may be on weak energy prices taking the hot air out of alternative energy and some may be from the weak market indications.  But the company has announced two credit facilities, with principal amounts of $100 million and RMB 300 million, respectively.
Read More »

Posted on: July 6, 2009 – 7:52 am in ADR, Alternative Energy, China, Green Biz,

News Escalates Technical Event in Solar Stocks (FCEL, STP, ESLR, SPWRA, YGE, TAN, FSLR)

Solar Panel PicWe recently have noticed how more and more solar companies are seeing big gains on news, particularly in those which have recently raised cash in a seondary offering.  We are starting to see further chart and technical events in FuelCell Energy Inc. (NASDAQ: FCEL), Suntech Power Holdings Co. Ltd. (NYSE: STP), Evergreen Solar Inc. (NASDAQ: ESLR), SunPower Corporation (NASDAQ: SPWRA), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) as the 200-day or 50-day moving averages are now in the rear-view mirror. Where this gets interesting is that the solar ETF, Claymore/MAC Global Solar Energy (NYSE: TAN), has crossed above its 200-day moving average in recent days as shares are at $10.93 and that 200-day moving average is $10.15.
Read More »

Posted on: June 9, 2009 – 2:03 pm in ADR, Alternative Energy, Charts, ETF, Green Biz, Secondary Offering, Technical Analysis, Trading Alert, , , , , , ,

Yingli Scores Another Incremental Pact (YGE)

Solar Panel PicYingli Green Energy Holding Company Limited (NYSE: YGE) has announced a new pact that has shares rising this morning.  The company entered into a strategic sales agreement at the PV America conference in Philadelphia, PA. and has agreed to supply Recurrent Energy with crystalline PV modules through 2012.  This supply pact is for expected use in Recurrent Energy’s distributed solar projects.  According to the company, the projects typically range from 2 to 20 MW.  The agreement will also be to cover the U.S., Canada, Europe and other markets.
Read More »

Posted on: June 9, 2009 – 8:23 am in ADR, Alternative Energy, Green Biz,

Why the Sunshine in Solar Stocks? (STP, CSIQ, YGE, ENER, USO, BTU)

solar-panel-picSuntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million.

Suntech shares hit a high of more than $16/ADS yesterday before closing at $15.44, nearly $3 more than the follow-on offering price. And virtually all solar stocks have risen nicely in the past week. Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Ltd. (NYSE:YGE) are up nearly 20%, and Suntech and Energy Conversion Devices Inc. (NASDAQ:ENER) are up more than 5%.
Read More »

Posted on: May 29, 2009 – 8:28 am in ADR, Alternative Energy, Commodities, Green Biz, Oil & Gas, , , , , ,

More Losses in the Chinese Solar Space (CSUN, CSIQ, YGE)

solar-panel-picAnother Chinese maker of PV solar cells, China Sunergy Co., Ltd. (NASDAQ:CSUN), has reported a loss for the first quarter of 2009. The company’s net loss per diluted ADS came to -$0.40. On a non-GAAP basis the loss was -$0.33, worse than analysts’ expectations of -$0.26. Revenues were down 14.4% sequentially, to $37 million, just a little below expectations of $36.46 million. These numbers are even weaker than those posted by Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Limited (NYSE:YGE).
Read More »

Posted on: May 27, 2009 – 8:08 am in ADR, Alternative Energy, China, Earnings, Green Biz, , ,

Canadian Solar, When Bad Is Good (CSIQ, ENER, YGE)

solar-panel-picThe first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of -$0.13 on revenue of $49.5 million. Analysts had forecast a net EPS loss of -$0.26 on revenue of $54.08 million.
Read More »

Posted on: May 26, 2009 – 9:22 am in Alternative Energy, Earnings, Green Biz, , ,

Top 10 Analyst Upgrades & Downgrades (AAPL, ARBA, AVID, BAC, FSLR, JCG, ERIC, MWW, Q, YGE)

These are the top ten analyst research calls from Wall Street’s upgrades and downgrades we have seen early this Tuesday morning:

Apple (AAPL) Raised to Overweight at Morgan Stanley.
Ariba (ARBA) Cut to Perform at Oppenheimer.
Avid Tech (AVID) Raised to Overweight at JPMorgan.
Bank of America (BAC) Raised to Market Perform at FBR.
First Solar (FSLR) Cut to Underperform at FBR.
J. Crew (JCG) Cut to Underperform at Needham.
LM Ericsson (ERIC) Raised to Outperform at Bernstein.
Monster Worldwide (MWW) Cut to Underperform at Wachovia.
Qwest (Q) Raised to Overweight at JPMorgan.
Yingli Green Energy (YGE) Raised to Buy at Lazard.

JON C. OGG
May 26, 2009

Posted on: May 26, 2009 – 6:58 am in Analyst Calls, , , , , , , , , ,

Yingli & LDK, Solar Earnings in the Shade (LDK, YGE, TAN)

Solar Panel PicLDK Solar Co. Ltd. (NYSE:LDK) makes multicrystalline wafers used to manufacture PV solar cells and Yingli Green Energy Holding Company Limited (NYSE:YGE) is an integrated maker of PV solar products. Both companies have reported large net losses for the first quarter of 2009, and shares of both look lower ahead of the open.
Read More »

Posted on: May 22, 2009 – 7:49 am in Alternative Energy, Earnings, Green Biz, , ,

Yingli Deal Brings Some Attention To Solar (YGE, AES, CSIQ, JASO)

Solar Panel PicPhotovoltaic solar maker Yingli Green Energy Holding Company Limited (NYSE: YGE) has announced a framework agreement with a subsidiary of AES Corporation (NYSE: AES) to supply PV solar modules to AES Solar Energy Ltd. for a term of three years.

Read More »

Posted on: May 15, 2009 – 8:17 am in Alternative Energy, Green Biz, , , ,

Yingli Taking the Money (YGE)

solar-panel-pic4Chinese solar panel maker Yingle Green Energy Holding Company Limited (NYSE:YGE) has taken a loan of $50 million from a credit line established earlier this year with ADM Capital and the China Export-Import Bank. ADM Capital receives 4,125 warrants to purchase Yingli shares in five pieces, beginning April 7, 2009, at a price of $5.64/share. The warrants expire on April 30, 2012, and at that time Yingli must purchase all unexercised warrants at $7/warrant. Yingli gets to decide if it will pay cash or issue shares to make the payment.
Read More »

Posted on: April 16, 2009 – 8:29 am in Alternative Energy, Green Biz,

Is China’s Solar Industry Following the Ethanol Path? (YGE, SOLF)

solar-panel-pic24The government of China’s announcement that it would subsidize solar projects that exceed 50 kilowatts gave China’s solar industry a big boost. Still,the more that government piles into the solar sector, the more the sector begins to look like the ethanol industry in the US.  Yingli Green Energy Holding Company Limited (NYSE:YGE) this morning announced that one of its affiliates has struck a deal with a branch of the Bank of China that could lead to a total credit line of about $880 million (6 billion RMB).

Read More »

Posted on: March 27, 2009 – 8:03 am in Alternative Energy, China, Green Biz, ,

Yingli, A Solar Gainer (YGE, FSLR, SPWRA)

solar_panel_pic2Chinese solar panel maker Yingli Green Energy Holding Company Ltd. (NYSE:YGE) reported earnings of $14.7 million (EPS of $0.12) for the fourth quarter this morning. Analysts had been expecting EPS of $0.07, so this announcement is boosting the stock by about 3% in early trading.
Read More »

Posted on: February 10, 2009 – 10:00 am in Alternative Energy, Earnings, , , , ,

Barclays Initiates Solar Power Stocks (YGE, SOLF, CSUN, LDK, SOL, TSL)

solar_panel_picBarclays Capital initiated coverage of several stocks in the solar energy sector this morning.  Most of these ratings are cautious, although there was at least one positive call in the solar sector.

Yingli Green Energy (YGE) was rated overweight.  Solarfun Power (SOLF) was started as underweight.  China Sunergy (CSUN), LDK Solar (LDK), ReneSola (SOL), and Trina Solar (TSL) were all started as equal weight.

Jon C. Ogg

February 9, 2009

Posted on: February 9, 2009 – 8:42 am in Alternative Energy, Analyst Calls, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ANR, NILE, ENER, IFX, LH, NVS, SOV, TSCO, WY, YGE)

These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading:

  • Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley.
  • Blue Nile (NASDAQ: NILE) started as Hold at Deutsche Bank.
  • Energy Conversion (NASDAQ: ENER) started as Equal Weight at Lehman Brothers.
  • Infineon (NYSE: IFX) cut to Hold at Citigroup.
  • Laboratory Corp. (NYSE: LH) Started as Overweight at Morgan Stanley.
  • Novartis (NYSE: NVS) started as Overweight at JPMorgan.
  • Sovereign Banc (NYSE: SOV) raised to Outperform at KBW.
  • Tractor Supply (NASDAQ: TSCO) raised to Buy at UBS.
  • Weyerhaeuser (NYSE: WY) cut to Hold at Deutsche Bank.
  • Yingli Green Energy (NYSE: YGE) raised to Buy at Citigroup.

Jon C. Ogg
June 2, 2008

Posted on: June 2, 2008 – 6:37 am in Analyst Calls, , , , , , , , , ,

Solar Earnings On Deck (JASO, LDK, CSIQ, YGE)

This week is an extremely important week for solar stocks and alternative energy stocks. JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co.Ltd. (NYSE: LDK), Canadian Solar Inc. (NASDAQ: CSIQ), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) are all up on the earnings deck this week.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is the first of the solar companies to watch.  Monday’s estimates from First Call are $0.10 EPS on $146.6 million in revenues.  The next quarter estimates are $0.15 EPS and $179.9 million, while fiscal Dec-2008 are $0.85 EPS on $984.4 million.  JA Solar is Chinese and it is thought of by many as one of the cheapest cost producers with some of the closest and firmest supplies of silicon to make solar pv cells.  This has been a monster performer since coming public early last year and many consider it one of the cheapest of the solar stocks.

LDK Solar Co.Ltd. (NYSE: LDK) is also set to report earnings Monday, and this has been one of the more controversial names in solar power for traders.  It is still down more than 50% from its highs, and is now up almost 100% from its lows since right before we covered this one securing silicon contracts and having its orders fully booked up.  We already gave guidance for its targets but the estimates for this quarter are $0.39 EPS on $217.29 million in revenues.

On Tuesday, we’ll see earnings out of Canadian Solar Inc. (NASDAQ: CSIQ).  This solar player’s estimates from First Call are $0.31 EPS on $151.88 million in revenues.  Next quarter estimates are $0.34 EPS on $167.6 million in revenues, and the fiscal  Dec-2008 estimates are $1.60 EPS on $730.7 million in revenues.  This one is up huge by some 400% or more since its September 2007 lows.

On Thursday morning, we’ll see earnings out of Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).  First Call has estimates pegged at $1.33 EPS on $1.47 Billion.  Estimates for next quarter are $1.38 EPS on $1.5 Billion in revenues and fiscal Dec-2008 estimates are $6.54 EPS on $6.84 Billion in revenues.

As a reminder, many estimates will have changed by the time the Tuesday and Thursday report gets here.  Also, with the performance that has been seen in these names you have to understand that for any real rally to be sustained based upon the actual earnings report that these have to "beat earnings targets and raise guidance."  Those that don’t beat will likely either see profit taking or just outright short selling.

Jon C. Ogg
May 11, 2008

Posted on: May 11, 2008 – 6:31 am in Alternative Energy, Earnings, , , ,