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YGE: Will Xinguang Dump Yingling?
Written By: Eben Esterhuizen
2007-07-29 23:14:58
Photo:urbangarden, Creative Commons, Flickr
It's been almost two months since Yingling Energy (YGE - Last trade $17.07) had its IPO, and the stock has rallied nicely from an opening price of $10.80 to a high of $20.40 on July 12. The company is a vertically integrated photovoltaic product manufacturer based in China. It produces silicon, builds solar cells and manufactures modules based on those cells. I continue to believe that the market hasn't separated the winners from the losers in the Chinese solar crowd, and it's probably too early to call YGE a winner.

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