Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)’s financial position is currently weak


Dallas, Texas 07/16/2013 (Financialstrend) – Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is a leading player in the field of solar energy and holds the largest vertically integrated process of manufacturing photovoltaic products across the world. The company further markets its products under the brand name Yingli Solar. It has earlier expanded the coverage of the certification of JET PVm in August 2011 which was awarded by the Japan Electrical and Environment Technology Laboratories. The certification has now been expanded to include the majority of the company’s multi crystalline and mono crystalline photovoltaic modules for the solar market in Japan. The firm’s modules of photovoltaic products were made to undergo safety and reliability tests in order to obtain this certification. The tests were carried out according to the JIS/IEC standards.

 The financial position of the company is currently weak. The developments in the European region related to the company’s products will only help to push the company further into red. The company’s balance sheet is filled up with heavy debt and the total debt to equity ratio was calculated at 8.68. The liquidity position of the company is also poor with a current ratio of 0.8. Although YGE managed to maintain its costs at low levels, the gross profit margin for the products were only 4.1% for the first quarter of fiscal year 2013.

Intraday prices were from $3.96 to $4.40. The share price of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) currently trading at $4.12, decreased by 0.96%. The price range of Yingli Green Energy for the past 52 weeks was from $1.25 to $4.83. The stock opened at the price of $4.18 with a market capitalization of $628.85 million and 152.63 million outstanding shares. With an institutional ownership of 20%, the trading volume for the day of Yingli Green Energy was 9.45 million and the average trading volume was 4.25 million shares.