Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), one of the world’s leading solar panel manufacturers, announced that its subsidiary, Yingli Green Energy Americas, Inc., is partnering with PWRstation Corp., an emerging solar technology company, to offer rapidly deployable, activation-ready transportable PV solutions. The Yingli-energizedPWRstation™ GENESIS system will be introduced during the Solar Power Internationaltradeshow at Yingli’s booth, #4221, from September 15th to September 17th.
Fully retractable and transportable, PWRstation products are designed for both grid-connected and off-grid projects ranging from 3 kilowatts to 100 kilowatts. These unique solar solutions are typically installed in less than 30 minutes because they are delivered ready-to-deploy and fully assembled with Yingli Solar panels, wiring, racking, and inverters. Automated deployment can also be included, making activation as simple as the push of a button.
PWRstations are ideal for flat rooftop applications as they can be closed to enable routine roof maintenance and repair, or in case of fire or severe weather. They are also effective for temporary PV applications, including large-scale events like world fairs, concerts, and tradeshows, as well as humanitarian relief efforts in crisis situations.
“We are very pleased to collaborate with Yingli Solar, a global PV industry leader, to bring PWRstation systems to market in the Americas,” commented Mr. Robert Albertella, PWRstation Co-Founder and CEO. “With Yingli’s support, we can change the way communities go solar and increase access to renewable energy.”
“PWRstation’s innovative products are creating exciting new possibilities for solar project development,” commented Mr. Robert Petrina, Managing Director of Yingli Americas. “Together, we are expediting and simplifying the deployment of solar power, thereby expanding project opportunities across North, South, Central America and the Caribbean.” (Original Source)
Shares of Yingli Green Energy Holding closed last Friday at $0.5944 . YGE has a 1-year high of $3.89 and a 1-year low of $0.55. The stock’s 50-day moving average is $0.81 and its 200-day moving average is $1.40.
On the ratings front, Yingli Green Energy has been the subject of a number of recent research reports. In a report issued on September 10, Credit Suisse analyst Patrick Jobin maintained a Sell rating on YGE, with a price target of $0.75, which represents a potential upside of 26.2% from where the stock is currently trading. Separately, on September 9, Roth Capital’s Philip Shen downgraded the stock to Sell and has a price target of $0.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Patrick Jobin and Philip Shen have a total average return of -1.1% and -14.4% respectively. Jobin has a success rate of 32.1% and is ranked #2735 out of 3755 analysts, while Shen has a success rate of 26.5% and is ranked #3725.
Yingli Green Energy Holding Co Ltd along with its subsidiaries is engaged in the design, development, marketing, manufacture, installation and sale of photovoltaic products in China & overseas market.