Stock Alert: JASO, YGE
by Harris Roen Editor
Roen Financial Report
Tuesday, May 19, 2015
Today’s Alert:
JA Solar Holdings Co, Ltd (JASO)
Yingli Green Energy Hold Co (YGE)
Two Chinese solar stocks fall on mixed earnings releases.
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| JA Solar drops 6% on a mixed earnings report. Net profits are down 59% from the same quarter last year, but revenues are slightly up. JASO is trading flat for the year, but has gained 10% in the past three months. | Press release |
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| Yingli Green Energy falls 12% in heavy trading on reporting difficult financials. Revenues are down 61% from last year, and future earnings are in jeopardy due to higher costs of financing solar and reduced government subsidies. YGE is down 25% in 12 months, and is only 16% above its all-time low reached in 2012. | SEC filing |
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