Yingli Green Energy Holding Co. (YGE) Shares Up 8.8%
Yingli Green Energy Holding Co. (NYSE:YGE) shares rose 8.8% during trading on Monday . The company traded as high as $4.39 and last traded at $4.35, with a volume of 174,624 shares trading hands. The stock had previously closed at $4.00.
YGE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Wednesday, May 18th. Roth Capital restated a “sell” rating and issued a $3.50 target price (up from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Finally, Axiom Securities restated a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.95.
The company’s market cap is $77.25 million. The firm’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.20.
Yingli Green Energy Holding (NYSE:YGE) last posted its quarterly earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $0.60. During the same period last year, the company posted ($0.31) EPS. The company earned $364.60 million during the quarter. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. On average, equities analysts anticipate that Yingli Green Energy Holding Co. will post ($0.72) EPS 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.
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