NEW YORK (TheStreet) -- Shares of Yingli Green Energy Holding Co. (YGE) are higher by 5.25% to $3.21 after the company announced its wholly-owned subsidiary, Yingli Green Energy, was commissioned by Malaysia's largest solar power plant to supply solar modules.
The project was developed by Amcorp Power Sdn. Bhd., a subsidiary of the Malaysia-based investment holding company Amcorp Group Berhad.
"As the world's largest solar module manufacturer, Yingli provides us with the high-quality solar modules and after-sales support that we require for the project," said Amcorp Group Berhad director Encik Shahman Azman.
Separately, TheStreet Ratings team rates YINGLI GREEN ENERGY HLDGS CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate YINGLI GREEN ENERGY HLDGS CO (YGE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins."