If you asked me the number one solar company to throw your money into, it would most definitely be YGE. Their numbers are great:
Mkt. Cap of only 2B - tons and tons of room to grow in the energy sector!
Operating Margin of just under 20%
ROE is 13.6%, solid for companies in Solar Energy.
Obviously the major concern is their free cashflow. Things have been tight lately due to the high cost of silicon for manufacturing. But the technical and fundamental side of silicon itself says it's time for a bear run (Another position I'm interested to take up...
Based on earnings growth, even with a miss last quarter, this stock is being terribly undervalued. Short-term I expect it to continue to sell-off to 17 or so, but then double in 4-5 months. Future earnings will remain inconsistent, and I recommend straddling every earnings report as I expect YGE will be extremely volatile around earnings. In the past week an analyst raised his price target to 30 from 25 and the stock still sold off... I'm a buyer.
They have a good looking chart and they just signed a huge contract with En-Neo to sell 9.19 megawatts of photovoltaic modules from October to December.
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YGE
About Yingli Green Energy Holding Company Ltd.
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