Yingli Green Energy Holding Co. (YGE) Shares Up 5.5%
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) shot up 5.5% during mid-day trading on Monday . The company traded as high as $4.13 and last traded at $4.04, with a volume of 192,179 shares changing hands. The stock had previously closed at $3.83.
A number of analysts have commented on the company. Axiom Securities reiterated a “sell” rating on shares of Yingli Green Energy Holding in a research report on Saturday, April 23rd. Roth Capital reiterated a “sell” rating and issued a $3.50 price objective (up previously from $3.10) on shares of Yingli Green Energy Holding in a research report on Wednesday, June 15th. Finally, Zacks Investment Research upgraded Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research report on Wednesday, May 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $6.95.
The company’s market capitalization is $71.61 million. The company has a 50-day moving average of $3.99 and a 200-day moving average of $4.19.
Yingli Green Energy Holding (NYSE:YGE) last released its earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.20) by $0.60. During the same quarter in the previous year, the firm earned ($0.31) EPS. The company had revenue of $364.60 million for the quarter. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. Analysts forecast that Yingli Green Energy Holding Co. will post ($0.72) earnings per share for the current fiscal 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.