Thursday, September 30, 2010

Yingli Green Energy (NYSE:YGE) Gaining Favor

Yingli Green Energy (NYSE:YGE) is becoming one of the favorite picks of analysts covering the solar sector, will sales estimated to increase to somewhere around $1.6 billion.

The solar module supplier has been gaining market share because of its low costs, and they're positioned to continue on gaining share.

For 2010, sales are projected to increase by over 50 percent, with consensus estimates they'll grow 11 percent more on top of that in 2011. But with prices no longer dropping, they may perform far better than that.

Volume for Yingli Wednesday soared to far over double the usual 3-month average of just over 3 million, rising to 7,178,121 million on the day.

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