3SOF

BigSully brought this one up on the SOLF board...

I don't own YGE...but I love this chart.

YGE is almost totally vertically integrated, meaning they do everything except produce the polysilicon itself. Even though it was a recent (June) IPO, it is not a recent startup company like many others. It started business in 1995.
I like what I see so far and talked myself into buying a little more.

http:///www.yinglisolar.com/enmain/user/about.asp

I'm not exactly sure about this, anyone understand what happenened here? This was the reason for the Nov selloff.

Restatement of Second Quarter 2007 Financial Information

In connection with the preparation of our unaudited third quarter 2007 financial results, we identified that, due to an inadvertent error, we had improperly recognized a non-cash foreign currency exchange gain of RMB 13.5 million in the second quarter of 2007 relating to an intercompany foreign currency transaction. Specifically, since the intercompany foreign currency transaction, which involved certain shareholder loans extended from Yingli Green Energy to Tianwei Yingli in contemplating a capital injection subject to government approval, was of a long-term investment nature, the related foreign currency gains should not have been recognized in the statement of income. As a result, our previously reported foreign exchange loss of RMB 4.0 million for the second quarter 2007 was restated to RMB 17.5 million, with a corresponding restatement to increase the balance of accumulated other comprehensive income from RMB 8.3 million (as previously reported) to RMB 21.8 million (as restated) as of June 30, 2007. In addition, as a result of this correction, our minority interest in the second quarter of 2007 was restated from RMB 52.0 million to RMB 46.9 million, reflecting its proportional share of the adjustment, and our net income for the second quarter of 2007 was restated from RMB 71.6 million to RMB 63.2 million. For a summary of adjustments to our previously reported financial information for the second quarter of 2007, see Note 3 to the unaudited interim financial information below.

Note 1

For financial reporting purposes, Tianwei Yingli is considered to be the predecessor (the "Predecessor") of Yingli Green Energy, prior to September 4, 2006, which is the date immediately proceeding the transfer of the controlling equity interest in Tianwei Yingli from Yingli Group to Yingli Green Energy.

Note 2

Represents the addition of the amounts for the specified financial statement line items of Tianwei Yingli, our predecessor, for the period from July 1, 2006 through September 4, 2006 and the amounts for the corresponding line items of Yingli Green Energy, for the period from August 7, 2006 (date of inception) through September 30, 2006. The presentation of such combined financial data for the three months ended September 30, 2006 is not in accordance with U.S. GAAP. For the period from August 7, 2006 (date of inception) through September 4, 2006, during which the financial statements of the predecessor and those of Yingli Green Energy overlap, Yingli Green Energy did not engage in any business or operations.

Note 3

As a result of the aforementioned restatements, our previously reported unaudited financial information in the second quarter of 2007 has been restated as follows:

    Previously

reported
    Restated

  RMB   RMB 
  (In thousands,

except for per share data)

Unaudited condensed consolidated balance sheet information as of June 30, 2006     
       
Minority interest   629,180   624,072 
       
Other comprehensive income   8,303   21,793 
Retained earnings   49,864   41,482 
Total shareholders' equity   3,676,937   3,682,045 
       
Unaudited condensed consolidated income statement information for the three-month period ended June 30, 2006     
       
Foreign exchange loss   3,963   17,454 
Income before income taxes and minority interest   123,234   109,743 
Income before minority interest   123,651   110,160 
Minority interest   52,023   46,914 
Net income   71,628   63,246 
       
Earnings per share and per ADS:     
Basic   0.49   0.40 
Diluted   0.46   0.38 

Hmm, this is interesting. IBD has YGE rated as best in group fundamentally - 1st out of 75 in it's group. I think that is only because of it's very high R.O.E.

Still, it is not in the top 5 overall of it's group.

By the way, they now rate SOLF as number 3 overall.

Because they include all alternative energy in this group(energy-other), they have BTU as #5 overall. Houlihan was asking about coal a few weeks ago and  and bjc mentioned BTU. BTU has been performing very well - check the chart.

Maybe not really the appropriate place to post this but, oh well. I wonder what got trimmed, besides oil taxes.

Senate Approves Energy Bill Containing Auto Fuel Economy Increase, More Ethanol Use


WASHINGTON (AP) -- The Senate passed a trimmed-back energy bill that would bring higher-gas mileage cars and SUVs into showrooms in the coming decade and fill their tanks with ethanol.
The measure was approved Thursday with strong bipartisan support 86-8 after Democrats abandoned efforts to impose billions of dollars in new taxes on the biggest oil companies, unable by one vote to overcome a Republican filibuster against the new taxes.

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The bill now goes to the House, where a vote is expected next week. The White House issued a statement saying President Bush will sign the legislation if it reaches his desk, as is expected. Bush had promised a veto if the oil industry taxes were not removed.

The bill calls for the first major increase by Congress in required automobile fuel efficiency in 32 years, something the auto companies have fought for two decades.

The car companies will have to achieve an industrywide average 35 mile per gallon for cars, small trucks and SUVs over the next 13 years, an increase of 10 mpg over what the entire fleet averages today.

And it would boost use of ethanol to 36 billion gallons a year by 2022, a nearly sixfold increase, and impose an array of new requirements to promote efficiency in appliances, lighting and buildings.

This bill "will begin to reverse our addiction to oil. It's a step to fight global warming," said Majority Leader Harry Reid of Nevada.

The increased auto efficiency by 2020 will save 1.1 million barrels of oil a day, equal to half the oil now imported from the Persian Gulf, save consumers $22 billion at the pump, and reduce annual greenhouse gases emissions by 200 million tons, said Sen. Daniel Inouye, D-Hawaii., whose committee crafted the measure.

"It demonstrates to the world that America is a leader in fighting global warming," he said.

Sen. Carl Levin, D-Mich., a longtime protector of the auto industry that is so important to his state, called the fuel economy measure "ambitious but achievable."

For consumers, the legislation will mean that over the next dozen years auto companies will likely build more diesel-powered SUVs and gas-electric hybrid cars as well as vehicles that can run on 85 percent ethanol. They will push engineers to develop new technologies to save fuel.

"Automakers can meet the new standards with today's technology," said David Friedman, research director at the Union of Concerned Scientists Clean Vehicle Program. "Cars and trucks will be the same size and perform the same way they do today."

But they may be using a different fuel.

The energy legislation would require that ethanol use as a motor fuel be ramped up at an unprecedented pace to 36 billion gallons a year by 2022. And at least 21 billion gallons will have to be ethanol from feedstock other than corn such as prairie grasses, switchgrass and wood chips.

About 6.5 billion gallons of ethanol were expected to be used as a gasoline additive this year, according to the Renewable Fuels Association, which represents ethanol producers.

The legislation also would increase energy efficiency requirements for appliances and federal and commercial buildings and require faster approval of federal energy efficiency standards.

These measures, said Sen. Jeff Bingaman, D-N.M., "will eventually save more energy than all our previous energy efficiency measures combined."

Tax breaks for a wide range of clean energy industries, including wind, solar, biomass and carbon capture from coal plants, were part of the tax package that was dropped. Senate Democrats earlier also abandoned a House-passed provision that would have required investor-owned utilities nationwide to generate 15 percent of their electricity from solar, wind and other renewable sources.

While many environmentalists viewed almost certain approval of the automobile fuel economy increase as a major victory, some were critical Thursday of the Democrats' inability to push through taxes on major oil companies, which have been making huge profits in recent years.

"The Senate Democrats should show some backbone," said Brent Blackwelder, president of Friends of the Earth. "If Republicans want to block progress on clean energy and global warming, they should be forced to mount a real filibuster -- for weeks if necessary."

Republicans had made it clear they would require the Democrats to find 60 votes on the oil taxes and the White House had said repeatedly the $13.5 billion in taxes on the five largest oil companies over 10 years would assure a veto.

On the 59-40 vote that failed to overcome a GOP filibuster, Sen. Mary Landrieu, D-La., whose state's economy is dominated by oil and energy activities, was the only Democrat to break ranks. Nine Republicans supported the tax measures.

The White House has said the taxes would lead to higher energy costs and unfairly single out the oil industry for punishment. A Democratic analysis showed that the $13.5 billion over 10 years amounted to 1.1 percent of the net profits that five largest oil companies would be expected to earn given today's oil prices.

Yeah BTU has been looking great.  I checked up on it yesterday and was looking for that thread you're referring to Sully but I couldn't find it. 



All the solars look great, too.  If oil rallies we will really be money.  Oil rallies to $100 and we really go parabolic, IMO.  If oil breaks down, we may break down..

I'll leave the BTU chart.

Yingli Green Energy Announces 2008 Guidance for Photovoltaic Module Shipments and Attainment of Significant Operating Milestone
Monday February 4, 8:27 am ET


BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE - News) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic (PV) product manufacturers, today announced guidance for its 2008 PV module shipments and the achievement of a significant operating milestone.
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Based on the Company's current forecast on anticipated manufacturing capacity, operating efficiency and customer demand, the Company currently expects its PV module shipment target for the full year of 2008 to be in the estimated range of approximately 255MW and 265MW.

The Company also announced that it has successfully reduced the thickness of its wafers from 200 microns in 2007 to 180 microns at the beginning of February 2008. The Company expects this reduction in wafer thickness to benefit Yingli Green Energy by reducing its polysilicon usage per watt, increasing wafer output per ingot and contributing to a reduction in cost of goods sold.

Based on its current polysilicon supply contracts and the potential higher yield in its production process from reduced wafer thickness, the Company believes it has now secured more than 70% of its expected polysilicon needs for 2008, of which the majority is virgin polysilicon.

"We are pleased to announce the reduction in our wafer thickness and that over 70% of our estimated polysilicon needs for 2008 has been contracted," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our continued efforts to improve operating efficiencies and reduce wafer thickness have demonstrated the success of our R&D and other strategic initiatives and we believe these achievements will help us to be more competitive in 2008."

Solar Energy industry growing rapidly as you all know and
this stock must go up in near future, IMHO.

http://ir.yinglisolar.com/e/press_detail.php?pkey=37&news_date_year=2008&keyword_search=

http://www.thelocal.de/10249/20080131/

https://www.citigroupgeo.com/pdf/SAP16934.pdf



Vova

notbeln...Applaud ! 
Heavy volume bounce...News and pullback...
May have bottomed. It looks like the news was received very well by market.
May be forming a Head and Shoulders Bottom ( reversal ) Pattern.

Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, announced that it has entered into a polysilicon supply contract with Sailing New Energy Resources Co., Ltd. ("Sailing"), a rising player in the polysilicon industry located in Chongqing, China. Under the terms of the contract, Sailing will supply polysilicon to Yingli Green Energy from the fourth quarter of 2008 through the end of 2010. The total amount of polysilicon to be supplied under this contract will allow Yingli Green Energy to produce a total of 160 MW to 200 MW of PV modules, subject to the production ramp-up schedule of Sailing and further negotiations between the two companies. 

Info re Solar stocks & ETFs

This article a few days old, but mentions the top global solar companies and ETFs:
"Solar Energy Outshines Rest Of ETF Universe" BY TRANG HO
> INVESTOR'S BUSINESS DAILY Posted 5/14/2008
> An upside earnings surprise from ReneSola (SOL) fueled a sharp rally in solar energy stocks that started Tuesday.
> Market Vectors Solar Energy (KWT) and Claymore/MAC Global Solar Energy Index (TAN) both gaped up 6%, giving them the best gains among U.S. ETFs.
> But neither holds "ReneSola (SOL)", the China-based solar wafer maker.
> The 27-stock Market Vectors ETF tracks the Ardour Solar Energy Index, created by Ardour Capital Investments.
> The 25-stock Claymore ETF tracks the MAC Global Energy Index, created by Melvin & Co., a research firm specializing in clean energy. Both ETFs launched in April with an expense ratio of 0.65%. They have overlapping holdings and use a modified cap-weighting system. So the primary difference is how much of each stock they own.
> Ardour Vs. MAC Index:
> Top holdings in Market Vectors, Arizona-based First Solar, (FSLR) Norway-based Renewable Energy, and SolarWorld and Q Cells, both from Germany, are each weighted at 10% of assets. Chinese solar firms, JA Solar, (JASO) Suntech Power, (STP) Yingli Green Energy, (YGE) each have 5%.
> In the MAC index, the largest holding, First Solar, takes up 9% of assets, followed by Renewable Energy 7.6%, Q-Cells 6.6%, Suntech 6% and SolarWorld 5.4%. JA Solar and Yingli are both weighted about 5%.
> The top countries in both funds are China, Germany and the U.S., followed by Norway.
> Chinese Power Plays:
> Suntech regained its 10-week moving average, but it still is consolidating below the 40-week moving average. It's 45% below its all-time high of 90 reached at the beginning of January. Although Q4 earnings rose 48% year over year, they missed analysts views.
> JA Solar has formed a cup with high handle with a possible 27.10 buy point. It eclipsed a Q1 forecast by 40%. Earnings rose 29% to 300% the past four quarters. Sales, meanwhile, skyrocketed 222% to nearly 400%. "The company has plans for rapid expansion, an excellent silicon position, low processing costs, a strong management team, and a global reputation," Lazard Capital Markets analysts said in an equity research report.
> Yingli reports earnings Thursday. Analysts polled by Thomson Reuters expect earnings to bound 1,700% as sales leap 262%. 

Setravis

Thank you for kind words.
What do you think about another one - ESLR?

Best,
Vova

"YGE" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.         
All history on a stock pick in 1 thread is awesome.        

Thank You....and good luck with all your trades....make some $$$ 


I will leave you the chart while I am in this thread.....
Below is the 1 year chart...