Yingli Green Energy Holding Co. (YGE) Stock Price Down 3.3%
Yingli Green Energy Holding Co. (NYSE:YGE)’s share price was down 3.3% on Tuesday . The stock traded as low as $4.05 and last traded at $4.16, with a volume of 538,153 shares. The stock had previously closed at $4.30.
Several equities analysts have recently weighed in on YGE shares. Credit Suisse Group AG decreased their price target on shares of Yingli Green Energy Holding from $3.00 to $2.50 and set an “underperform” rating for the company in a research note on Thursday, August 18th. Zacks Investment Research cut shares of Yingli Green Energy Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Roth Capital reissued 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. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.95.
The firm’s 50-day moving average is $4.02 and its 200-day moving average is $4.19. The stock’s market capitalization is $74.16 million.
Yingli Green Energy Holding (NYSE:YGE) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.42. The business earned $379.80 million during the quarter, compared to analyst estimates of $370.54 million. During the same period last year, the firm posted ($0.53) earnings per share. Equities analysts anticipate that Yingli Green Energy Holding Co. will post ($1.39) 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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