NEW YORK (TheStreet) -- Shares of Yingli Green Energy Holding Co. (YGE) are lower by -2.71% to $3.40 in late morning trading on Monday, as Chinese solar stocks are falling after the U.S. Commerce Department issued additional penalties on the companies, saying they shipped solar products to the U.S. below cost, Market Watch reports.
The Commerce Department imposed taxes on the solar companies ranging from 10.74% to 55.49%, on top of the anti-subsides duties it issued last month.
Yingli said these taxes will "increase the price of solar energy in America" which runs the risk of jeopardizing growth in the industry, Market Watch added.
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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 multiple 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, poor profit margins and generally disappointing historical performance in the stock itself."