Yingli Rises as Second-Quarter Profit Beats Analyst Estimates
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Yingli Green Energy Holding Co., a Chinese maker of solar-power modules, rose 7.5 percent in early New York trading after second-quarter profit exceeded analyst estimates and a planned surge in 2011 shipments was reaffirmed.
Yingli, based in Baoding, China, rose 42 cents to $6.05 per American depositary receipt at 8:59 a.m. in premarket trading on the New York Stock Exchange. At the close of regular trading yesterday, the ADRs had dropped 43 percent this year.