The Department of Commerce announces anti-dumping duties of 26.71% to 78.42% on most solar panels imported from China, and 11.45% to 27.55% on imported solar cells from Taiwan, according to the New York Times. The decision is intended to close a loophole in which Chinese companies could use solar cells made in Taiwan to avoid paying higher tariffs.
In a statement Yingli Green Energy said, "We are deeply disappointed in the U.S. Department of Commerce's decision to accept such a broadly defined scope for this ruling, and to levy harsh, protectionist tariffs. It's well known that our customers, partners, and other stakeholders represent the majority of the solar industry and U.S. jobs. We will continue our vigorous defense on their behalf with the hope that national efforts to increase solar power's cost-competiveness are not derailed further."
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 several 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."