Stock Update (NYSE:YGE): Yingli Green Energy Holding Co Ltd (ADR) Awarded “TUV Rheinland Star for 2015 PV Module Energy Yield”
Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), one of the world’s leading solar panel manufacturers, today announced that it was awarded “TUV Rheinland Star for 2015 PV Module Energy Yield” and its PV module was entitled “Five-star PV Module” at the TUV Rheinland Solar Congress 2016.
TUV Rheinland conducted a one-year outside energy yield test for module samples from 15 leading PV module manufacturers around the world by simulating the operation of PV modules in solar power plants. The test showed that Yingli’s PV modules scored high in accumulated energy yield per watt peak during the testing period. Therefore, Yingli was awarded “TUV Rheinland Star for 2015 PV Module Energy Yield” and its PV module was entitled “Five-star PV Module” by TUV Rheinland, which independently demonstrates the outstanding performance of Yingli PV modules in terms of energy yield. Noted for rigorous and reliable testing certification, TUV Rheinland, a leading provider of technical services worldwide with a history of over 140 years, was the first to start laboratory-scale technical testing of solar components decades ago and houses the largest worldwide PV testing network.
“These honors awarded by TUV Rheinland highlight the outstanding energy yield performance of our PV modules under real outside operating conditions and our test result provides a benchmark for PV module energy yield in the industry. Meanwhile, our high, independently proven, PV module energy yield also delivers higher yield forecast confidence for larger solar power plants, increasing investment returns and supporting Yingli to achieve our mission ‘to provide affordable green energy for all’,” said Dr. Dengyuan Song, CTO of Yingli, “Yingli will continue to dedicate itself to developing high performance differentiated products, strengthening innovation and product quality, and making leading contributions to the PV industry.” (Original Source)
Shares of Yingli Green Energy closed last Friday at $5.10. YGE has a 1-year high of $20.90 and a 1-year low of $2.93. The stock’s 50-day moving average is $4.70 and its 200-day moving average is $5.32.
Yingli Green Energy Holding Co. Ltd. manufactures photovoltaic module. The company manufactures photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. It markets its products under the brand Yingli Solar. The company was founded in August 1998 and is headquartered in Baoding, China.