Provideo Financial operates on a set of sound financial strategies designed to maximize its clients’ investment opportunities, and says it is continually assessing the ever-changing scenarios of the global marketplace that trigger the investment landscape.
The company says its analysts think that the future of solar energy is bright and cite Yingli Green Energy, which has experienced strong growth, as an example of a company worthy of a mid to long term investment.
According to Arnold Brouwer of Provideo, “market demand for the solar sector is robust, and companies that are producing quality products at competitive prices will have buyers for that product.” He added that he was watching a handful of solar companies and that Yingli was just one example.
Brouwer believes that innovation and corporate dedication to research and development will help companies like Yingli create sustainable business models, and continual growth in both gross profit as well as valuation.
Yingli Green Energy is a solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. It develops, manufactures and sells photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States.
Given the fact that solar manufacture Yingli Green energy has shipped a record number of photovoltaic modules in the 4th quarter of 2010 hitting a gross margin of 32.9 percent and a net income hit of $215 million generating earnings of $1.37 per share, a long term investment seems to be a good proposition.
Q4 2010 revenues exceeded their Q3 revenues by nearly 22 percent and PV shipments for the entire year improved by over 106 percent over the previous year. Yingli Green energy appeared robust in Europe where PV sales climbed to meet increasing demand. The market strength encouraged CEO Liansheng Miao to think about diversifying market exposure in 2011 and expects to extend its reach beyond Europe to 40 percent of the company’s total revenue.
To retain its position as a “leader” in sustainable energy solutions, Yingli Green energy constantly strives to make solar power an enduring and cost-effective technology by reducing the cost of electricity generated by solar energy without compromising on the reliability of its products. According to Yingli’s CEO, the company is continuing to make progress on its PANDA commercial production lines, and have reached a historical high cell efficiency rate of 19.89 percent.In a related news release, Yingli Green Energy announced today that its U.S. subsidiary, Yingli Green Energy Americas, Inc. has signed a new PV module supply agreement with San Diego-based Borrego Solar Systems Inc to supply 20 megawatts of PV modules to Borrego Solar in 2011, which will be used in commercial projects.
Mini Swamy is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.Edited by
Janice McDuffee
