Yingli Green Energy Holding Co. Ltd. (OTC: YGEHY) is a manufacturer of photovoltaic devices used in solar energy production. The company produces solar panels for worldwide markets, selling modules primarily in Europe. Germany, Greece, Spain, Italy, and France are some of its largest revenue sources. Yingli Green operates a large subsidiary network for sales and distribution and operates through a wholesale business model without a retail component.
This is a strong stock to consider in 2019, particularly with many countries around the world shifting to renewable energy sources. As governments and corporations begin to reduce their carbon emissions, products from alternative energy companies like Yingli Green will be in high demand.
Company financial performance hasn’t been the most impressive in recent years, but it still generates more than $1.2 billion in revenue per year. Low oil prices have contributed to a slowdown in solar technology sales. This is a stock for long term investors who believe in the green energy revolution. As a technology leader, Yingli Green is well placed to pick up its performance as market demands gradually shift.
- 1 Year Price Growth: -70.91%
- YTD Price Growth: 55%
- 3 Month Price Growth: 43%
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