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Follow on Google News | Yingli Green Energy Hits Record Growth In 2011 Q4Provideo Financial analysts believes that Yingli is an example of a good mid to long term solar investment.
By: Antonio Cuccia Revenues in the 4th quarter hit $616 million which exceeded their 3rd quarter revenues by nearly 22%. PV shipments for the full year were a 106% improvement over shipments from 2009. Eighty percent of Yingli’s PV sales were in Europe where strong demand propelled their business. CEO Liansheng Miao expects to diversify their market exposure in 2011 and hopes to increase sales outside of Europe to 40% of their total revenue. Provideo Financial analysts see solar as a strong play, and Yingli Green Energy is an example of a company with strong potential for a mid to long term investment. According to Arnold Brouwer of Provideo, “market demand for the solar sector is robust, and companies that are producing quality products at competitive prices will have buyers for that product.” Brower stated that he is watching a handful of solar companies and that Yingli is just one example. According to Yingli CEO, they are continuing to make progress on their PANDA commercial production lines, and have reached a historical high cell efficiency rate of 19.89%. Brouwer believes that innovation and corporate dedication to research and development will help companies like Yingli create sustainable business models, and continual growth in both gross profit as well as valuation. # # # About Provideo Financial: Provideo Financial is a family oriented firm that operates on a set of sound financial strategies designed to maximize our client's investment opportunities. For more information about Provideo Financial please visit http://www.provideofinancial.com End
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