Energy
Yingli Deal Brings Some Attention To Solar (YGE, AES, CSIQ, JASO)
Published:
Last Updated:
Photovoltaic solar maker Yingli Green Energy Holding Company Limited (NYSE: YGE) has announced a framework agreement with a subsidiary of AES Corporation (NYSE: AES) to supply PV solar modules to AES Solar Energy Ltd. for a term of three years.
The company did not put a price tag on the deal. AES Solar builds and operates utility-scale solar plants, so the contract could be a nice boost for Yingli.
Yingli’s shares are up nearly 8.5% in pre-market trading, at $8.08. The stock’s 52-week range is $2.50 to $27.96.
We are seeing some of the smaller actively traded solar stocks trade up this morning, which may be a reaction to the news. Canadian Solar Inc. (NASDAQ: CSIQ) is up 2.4% at $8.00 and JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is up 1.5% at $3.40. Where these go today will probably depend upon more issues than Yingli.
Paul Ausick
May 15, 2009
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
