Boston, MA 04/07/2013 (wallstreetpr) – Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) closed to $1.77 was up by 2.91%. The stock has a market capitalization of $270.16 million with about 152.62 million outstanding shares. 2.49 million Shares exchanged hands in its past trading session as compared to an average volume of 2.15 million. The stock has a negative EPS of $5.80; the beta of the stock is 2.81. The stock has declined linearly since past couple of months and is now trading below its 50 days moving average of $2.62 and the RSI of the stock is close to 33.90. The approval of a 10% cut by the Japan’s government on the feed- in-tariffs for solar power was announced.
The cuts in the European countries have usually led to a decline in the demand of the solar power products, but the outcome will be different in Japan. The cut will not impact the demand of the solar power products in Japan, as the FITs will still be the highest in the world. With the fastest growing solar markets globally Japan, where non-residential installations grew by about 580 MW last year and fresh installation of 1.46 GW is expected by 2013. Of the total installations of solar panels about a third were imported in Q32012, a hike of 21% from 2011. The solar companies who are going to benefit from the rising demand of Japan, are Yingli Green Energy (NYSE:YGE), SunPower (NASDAQ: SPWR) and Trina Solar (NYSE:TSL)
CEL-SCI Corporation (NYSEAMEX:CVM) was down by marginally 0.51% and closed to $0.275. The 52-week range of the stock is $0.20 and $0.58 and the stock is currently 31.00% above its 52-week low. The stock started declining from December to hit its 52-week low in the month of March to then bounce back. The stock is now trading above its 50 days moving average of $0.261, at the current levels the RSI of the stock is 61.50. With about 308.96 million outstanding shares the market capitalization of the stock is $85.00 million. With an average volume of 1.14 million shares, around 3.83 million shares exchanged hands in its last trading session.
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