Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), one of the world’s leading solar panel manufacturers, today announced that it is one of the first PV manufacturers to develop a framed utility-scale solar panel designed for a maximum system voltage of 1500 Volts (V). This new product will be displayed at the Intersolar North America trade show in San Francisco, California from July 14th, 2015 through July 16th, 2015 at the Yingli Solar booth, #7421.
Designed specifically for use in utility-scale PV power plants, the new panel improves system performance and reduces balance-of-system costs. Compatible with most tracking and mounting systems, it is among the first 1500V solar panels to include an aluminum frame. An extra layer of protective coating on the solar cells ensures high resistance to Potential Induced Degradation (PID).
“Due to its 1500V maximum system voltage, our new utility-scale panel drives balance-of-system savings by decreasing the required number of home run cables, combiner boxes, and fuses. The higher maximum system voltage also improves performance by reducing resistive losses, thus increasing system-level energy yield,” commented Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy.
“This new utility-scale panel was developed in direct response to our partners’ requests for 1500V solar PV solutions, which we expect will soon become industry-standard,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We are proud to be among the first PV manufacturers that are able to meet this demand.” (Original Source)
Shares of Yingli Green Energy Holding closed yesterday at $1.00. YGE has a 1-year high of $4.03 and a 1-year low of $0.72. The stock’s 50-day moving average is $1.16 and its 200-day moving average is $1.78.
On the ratings front, Yingli Green has been the subject of a number of recent research reports. In a report issued on June 8, Deutsche Bank analyst Vishal Shah maintained a Hold rating on YGE, with a price target of $1.50, which implies an upside of 50.0% from current levels. Separately, on the same day, Roth Capital’s Philip Shen reiterated a Hold rating on the stock and has a price target of $1.30.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Vishal Shah and Philip Shen have a total average return of -12.7% and -10.6% respectively. Shah has a success rate of 27.4% and is ranked #3669 out of 3702 analysts, while Shen has a success rate of 30.0% and is ranked #3661.
Overall, 3 research analysts have rated the stock with a Sell rating, 2 research analysts have assigned a Hold rating and . When considering if perhaps the stock is under or overvalued, the average price target is $1.60 which is 60.0% above where the stock closed yesterday.
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.