Yingli (NYSE:YGE) Down on Industry Woes

Yingli Green Energy (NYSE:YGE) has been getting pummeled lately as funding in the industry around the U.S. and the world is starting to fizzle as governments look closely at the industry and question the value of the sector as a viable energy source.

Uncertainty surrounding Italy cutting back on its financial commitment to the solar industry while deciding to focus on rooftop solar has hurt some companies in the sector and possibly could help others. But it shows the reason there is so much volatility in the industry, as it is increasingly being questioned by governments as to the viability of solar and other non-convential energy sources being worth the cost and effort, as they are unreliable, expensive and won't help much over the long term.

Germany also announced on Friday they're probably going to revisit their commitment to the size of its feed-in-tariff, which is likely to be lowered, based on the comment itself.

Bill Gates also recently said solar and other so-called alternative energy sources have no real chance of dealing with our energy challenges, and rightly called solar and wind energy a "cute" idea but being no solution to our energy needs.

The truth is if an industry can't survive without the government, it's not a real market, but an artificial construct that needs to be abandoned as far as taxpayer subsidies and allowed to compete on its own in the marketplace. That includes all energy sectors.

Yingli Green Energy Holding Company Limited participates in the design, development, marketing, manufacture, installation, and sale of photovoltaic (PV) products around the world, and domestically in Chinai.

Yingli Green Energy (NYSE:YGE) closed Friday at $10.66, dropping $0.47, or 4.22 percent.