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 May 31st for the 7-Day time horizon. Yingli had a signal of 295.55 and a predictability of 0.2. In accordance with the algorithm, the company reported short-term capital gains of 29.70%.

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.

On Friday, June 5th, the company reported its first quater earnings results. The company still suffers losses. Since 2011, Yingli hasn’t generated net profit. In the entire solar industry, prices are falling due to a global oversupply. That could explain why the firm encounters difficulties to generate profit.

While the company is still unprofitable, the stock is going up by +21,70% after the report of its first quarter results. Sales rose to $468.7 million from $432 million (+8,5%) in the first quarter compared with a year earlier. This is led by a strong demand for its solar panel. The CEO also reassures the investors saying that the company will pay back its $2 billion debt and that the firm will return to profitability in the second half of the year.