NEW YORK (TheStreet) -- Shares of Yingli Green Energy Hold. (YGE), a Chinese solar company, are higher by 4.43% to $3.30 following a Bloomberg report suggesting China, the largest supplier of solar panels in the world, may announce new policies this month in order to encourage at home solar panel installations.
The National Energy Administration would add more projects in areas where electricity can be disbursed to customers living near-by, sources told Bloomberg.
By pushing the "distributed solar power projects" China is looking to generate solar equipment orders, and move closer to its target of installing 8 gigawatts of distributed solar power this year, Bloomberg noted.
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Other China-based solar stocks moving off the report include Trina Solar Limited (TSL), up 8.41% to $11.60, Jinko Solar Holding Co. (JKS), higher by 7.90% to $25.55, and ReneSola Ltd. (SOL), up by 7.96% to $2.51.
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 number of negative factors, 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."