Yingli Green Energy de-listed from NYSE

Facebook
Twitter
LinkedIn
Reddit
Email

Struggling major China-based PV manufacturer Yingli Green Energy has said that it would not appeal a notification from the New York Stock Exchange (NYSE) on June 28, 2018 to de-list the company, due to non-compliance. 

Yingli Green had failed to maintain an average global market capitalization of at least US$50 million, over a consecutive 30 trading-day period and its stockholders' equity was also less than US$50 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company had previously reported a 2017 annual loss of US$510 million and a cash position of only US$58.1 million at the end of the year and had yet to report first quarter financial results.

Yingli Green had previously reported a 2017 annual loss of US$510 million and a cash position of only US$58.1 million.

Yingli Green’s American Depositary Shares (ADS) were said to be listed instead on the OTC Pink marketplace on July 2, 2018, under the symbol ‘YGEHY’. The company also noted that it would stop publishing regular quarterly earnings releases as it transitioned to the OTC market, although half-year and full-year results would be required for compliance. 

Yingli Green reported total revenue of US$ 1,285.5 million in 2017, compared to US$1,206.4 million in 2016 on the back of PV module shipments of 2,953MW, compared to 2,170.4MW in 2016, remaining within the Top 10 rankings, despite years of financial problems.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia