YGE Stock Price

Yingli (YGE), also known as  Yingli Green Energy Holding Co. Ltd. was a top stock pick based on predictive algorithm recommended to I Know First subscribers on March 15^th for the 7-Day time horizon. Yingli had a signal of 295.04 and a predictability of 0.19. In accordance with the algorithm, the company reported short-term capital gains of 14.35%.

Yingli was part of the stock forecast that can be found in the “Best Tech Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top ten stocks picks to long
• Top ten stocks picks to short

Yingli operates as a solar energy company and photovoltaics producer. It develops, manufactures, and sells solar modules under the brand name Yingli Solar in the US, West-Europe, Asia and Australia.

The company reported on March 16th it will build a 50 megawatt solar power plant in the Hubei Province in China.  On 100 hectar 170,000 “YGE 72 Cell” solar panels will be installed. Once operational it will lower coal consumption by nearly 22,000 tons and eliminate over 50,000 tons of greenhouse gases. Construction work has already started and the commercial operation of the plant is planned to begin already in the fourth quarter this year. After that announcement the stock price went up by 8.3%.

The Chinese government has ambitious plans to reduce its carbon dioxide emissions. It plans to produce 70 gigwatt with solar power plants by 2017. Furthermore China has the plan to generate 20% of its total energy consumption from renewables by 2030. Yingli is one of China’s biggest solar companies and will play an essential role in the fulfillment of this plan. Despite that, the pressure on the solar industry is growing due to increasing competition and over capacities.

The companies presentation of the fourth quarter results of 2014 will be on March 25th.