Yingli Energy is a manufacturer of photovoltaics or solar panels. The company designs, assembles, sells and install PV systems that are connected to an electricity transmission grid or those connected on a stand-alone basis (Just like the one displayed on the left here). Distributions are global from Germany, Spain, China, Italy and US. Revenue and income has been growing at fast rate, over 70% minimum YoY, since their IPO in 2004. Current prices for this company is extremely cheap considering the global shift towards green energy going forward. This stock is not trading like a growth company at all with a PE multiple of 11.46, this stock is definitely a better investment alternative compared to FSLR which has had a nice run to $192.21 and a multiple of 33.98.
Technicals
Technicals look bullish. Down trend line has been broken surpassing the $7.61 resistance level. Multiple bottoms formed at $3.21 Looking for entry tomorrow no matter if there’s a pullback or not. Target price $12.92.
