Published On: Wed, Jan 22nd, 2014

Why Chinese Solar Stocks So Popular – Yingli Green Energy Hold. (NYSE:YGE), Hanwha Solarone (NASDAQ:HSOL), ReneSola Ltd. (NYSE:SOL)

In recent advancement, U.S. Commerce Department is slated to release whether it will, for the second time in presently over a year, go following Chinese solar-panel makers for what opponents contend is those firms’ illegal “dumping” of panels into the U.S. market. The accusation is that Chinese companies are selling their panels at unlawfully low prices made potential by illegally juicy support from the Chinese government. The Commerce Department declares Chinese exports of solar panels to the U.S. totaled over $2B in 2012. Some of Chinese solar dominating stocks performance is under consideration;

Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) ‘s stocks traded volume was $10.00 shares in the last session, as compared to average volume of $8.26M shares by decreased by -1.01%. The firm declared yesterday that its wholly-owned subsidiary, Yingli Energy (China) Company Limited, has obtained the Certificate for Contracting Foreign Engineering Projects from governmental authority of People’s Republic of China. Chairman and CEO of Yingli Green Energy , Mr. Liansheng Miao stated taht this certificate lays a foundation for them to pursue engineering contracts for PV plants in international markets.

INSIDE FACTS: As firm has market capitalization of $1.07B, with enterprise value of $3.15B. The company has the price over sales value of $0.54 whereas its price over book value of $5.33 for the most recent quarter. The firm has the total cash of $432.14M as compares to total debt of $2.50B for the most recent quarter with the current ratio of 0.86 for the most recent quarter.

Hanwha Solarone Co Ltd (NASDAQ:HSOL) fall by -3.48% or -$0.11 to close the trading at $3.05 following it hit intraday high level of $3.11. The firm aims to set up a venture with Shanghai HuiTianRan Investment Holding Group to develop solar projects in China. Chief Financial Officer Jay Seo stated in the statement that they have now identified downstream business potential of 950 megawatts in China.

CURRENT ANALYSTS RATING: In last month recommendation trend the mean recommendation of this week is 2.0, {(Strong Buy) 1.0 – 5.0 (Sell)} as compare to last week recommendation of 2.0, which denotes zero change in recommendations.

ReneSola Ltd. (ADR) (NYSE:SOL) stock’s trade at beginning with a price of $3.92 and throughout the trading session climbed at a high of $3.92 other than when day-trade ended the stock finally slumped –2.30% to $3.82. The firm has provided 31.7 MW of solar modules for an Isolux Corsan Servicios project in the U.K. Isolux Corsan has expertise in engineering, procurement and construction (“EPC”) projects for solar photovoltaic plants and is well thought-out as a benchmark in the field of concessions, energy, construction and industrial services.

AVERAGE ANTICIPATES: For fourth quarter of 2013, the consensus average estimates of street for the revenue are $381.40M, while 2 experts predict $352.50M revenues for the first quarter of 2014. The firm sales growth (year/est) is calculated 24.50% in Current Qtr. (Dec 13) and for first quarter 2014 was predicted 24.00%.

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This content does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the company’s stocks or securities. As well nor shall there be any sale of the company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction. eMarketsdaily.com only provide news and information about stocks with intentions that it may be helpful  for investor to take investment decision on their own risk. It is “RECOMMENDED” at all times do your own due diligence; along with consult your financial advisor.

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