Not so long ago, a company out of China, Yingli Clean Energy Holdings Co. Ltd., zoomed up to $41 per share. Today, with the hits the weakening solar energy companies have taken in 2011, Yingli Clean Energy is now just under $4.00 per share and in line with its 50-Day Moving Average. It is not that solar energy doesn’t work, It just doesn’t work as an investment. Until Now…..
There have been some iconic names investing in solar lately; Warren Buffett and Google have recently invested in solar energy farms that sell their energy to the grid which is different than manufacturing solar panels. Perhaps these solar energy companies went public too soon. The fact is the world has a surplus of solar panels and a lack of demand. In addition, governments worldwide are trimming the financial support that they have poured into the solar industry.
With that said, Solar power offers one of the few current “mass-scale” solutions to meet the world’s incredible demand for clean and renewable power. The conversion from sunlight to solar energy produces no pollution or greenhouse gas emissions. Today’s leading companies are developing more affordable and efficient technologies that will continue to fuel growth in the area for years to come.
Company Snapshot:
Exchange: NYSE
Ticker: YGE
Price: $3.93
Avg. Vol. (3m): 3,499,150
52 Week Range: $2.75 – $13.59
EPS (ttm): 1.07
Comparison Companies: TSL, LDK, STP, JASO, FSLR, SOL
To read about YGE Comparison Companies, Check out the Top 25 Solar Energy Stocks For 2011.
Key Company Facts
- Headquartered in Baoding, China
- Over 11,000 employees worldwide
- More than 10 branch offices globally with local expertise
- Publicly listed on the New York Stock Exchange since 2007 (NYSE: YGE)
- Over 2 GW of Yingli Solar modules installed around the world
- Recipient of numerous international awards and certificates including Social Accountability 8000 and ISO certifications
YGE Major Holders
Breakdown
- 4% of Shares Held by All Insider and 5% Owners
- 39% of Shares Held by Institutional & Mutual Fund Owners
- 40% of Float Held by Institutional & Mutual Fund Owners
- 112 Institutions Holding Shares
Top 10 Institutional Holders (Shares Held as of Sept. 30, 2011)
- 9.06% 13,451,172 – Maverick Capital, Ltd.
- 3.99% 5,929,417 – Credit Suisse
- 2.93% 4,350,000 – MacKenzie Financial Corp.
- 2.76% 4,099,800 – BlackRock Group Limited
- 2.13% 3,163,847 – Citadel Advisors LLC
- 1.78% 2,647,297 – Invesco Ltd.
- 0.91% 1,357,815 – Levin Capital Strategies LP
- 0.71% 1,051,657 – Goldman Sachs Group, Inc.
- 0.64% 949,200 – Putnam Investment Management, LLC
- 0.60% 894,829 – Guggenheim Capital, LLC
Top 10 Mutual Fund Holders
- 2.69% 4,000,000 – Ivy Global Natural Resources (Sept 30, 2011)
- 1.07% 1,584,618 – Powerhouse Exhg Traded Fd Tr-Pwrshs Wilderhill Clean Energy (Oct 31, 2011)
- 0.51% 764,474 – Claymore ETF Tr 2-Guggenheim Solar ETF(Oct 31, 2011)
- 0.42% 628,706 – Powershares Exgh Traded Fd Tr II-Pwrshs Global Clean Energy(Oct 31, 2011)
- 0.17% 258,300 – Powershares Exhg Traded Fd-Powershares Golden Dragon Halter (Oct 31, 2011)
- 0.16% 242,023 – Market Vectors ETF Tr-Global Alternative Energy ETF (Oct 31, 2011)
- 0.11% 163,385 – iShares S&P Global Clean Energy Index Fund (Oct 31, 2011)
- 0.11% 162,402 – Putnam Variable Trust – Voyager Fund (Sep 30, 2011)
- 0.10% 150,000 – Ivy Fds VIP-Global Natural Resources Port (Sep 30, 2011)
- 0.10% 144,687 – Market Vectors ETF Tr-Solar Energy ETF (Oct 31, 2011)
Analyst Estimates
Earnings Est Current Qtr. -Dec 11 Next Qtr. – Mar 12
Avg. Estimate -0.19 -0.18
No. of Analysts 24.00 18.00
Low Estimate -0.38 -0.33
High Estimate 0.16 0.03
Year Ago EPS 0.52 0.35
YGE Growth over since 2004:
Yingli Green Energy Holding Co., Ltd.(NYSE: YGE) price in the stock market today is currently $3.64. YGE is trading -6.62% below its 50 day moving average and -31.04% below its 200 day moving average. YGE is currently -73.22% below its 52-week high of $13.59 and 32.36% above its 52-week low of $2.75. YGE‘s PE ratio is currently 3.40 and its market cap is currently $575.83M.
As of December 15th, YGE has short interest of 16,482,243.
About Yingli Green Energy Holding Co. Ltd.
Yingli Green Energy (NYSE: YGE) is a leading solar energy company and one of the world’s first fully vertically integrated photovoltaic manufacturers. YGE develops, manufactures, and sells high-quality modules under the brand Yingli Solar to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, and the United States.
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