China's National Energy Administration called on local governments to identify projects in areas where electricity from solar projects can be distributed to nearby customers. The agency will encourage extra subsidies for projects in rural areas, and will promote new infrastructure installations, according to Bloomberg.
The new policy is part of China's efforts to build eight GW of solar projects by the end of 2014.
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."