Yingli Green Energy Holding Co. (YGE) Stock Price Down 2%
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) traded down 2% on Thursday . The company traded as low as $3.87 and last traded at $3.93, with a volume of 71,672 shares changing hands. The stock had previously closed at $4.01.
A number of equities analysts have issued reports on YGE shares. Roth Capital reaffirmed a “sell” rating and issued a $3.50 price objective (up from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Zacks Investment Research raised shares of Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, May 18th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.95.
The firm’s market cap is $71.43 million. The stock’s 50-day moving average price is $4.03 and its 200 day moving average price is $4.21.
Yingli Green Energy Holding (NYSE:YGE) last issued its earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.20) by $0.60. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company had revenue of $364.60 million for the quarter. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities analysts predict that Yingli Green Energy Holding Co. will post ($0.72) EPS for the current year.
Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs.
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