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.
Tuesday, June 17, 2008
Yingli - Hot company
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