TSL vs. YGE: FY2012 results:
1.29 2.49 total debt, B$
0.92 0.49 cash + eq. including restricted, B$
-0.37 -2.0 net cash in B$
+4% -3% gross margin, full year
1.3 1.8 revenues in B$
So, TSL's balance sheet is much better, and they are also doing significantly better (I mean, less awful) on gross margins. YGE's net debt at end-2012 is greater than their total 2012 revenues. Unfortunately, I have to conclude that YGE is on the road than STP and LDK have gone down.
I'll be selling my YGE on rallies, and adding to my TSL position.
Other than FSLR, TSL, and JKS, are there any other solar companies with positive gross margins for full-year 2012? |
