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.