Yingli Green Energy Holding Co. (YGE) Shares Up 6.7%
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) shot up 6.7% during trading on Wednesday . The company traded as high as $4.19 and last traded at $4.16, with a volume of 104,787 shares traded. The stock had previously closed at $3.90.
A number of research firms recently commented on YGE. Axiom Securities reiterated a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Roth Capital reissued a “sell” rating and set a $3.50 price target (up from $3.10) on shares of Yingli Green Energy Holding in a research report on Wednesday, June 15th. Finally, Zacks Investment Research raised shares of Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Wednesday, May 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.95.
The stock’s market capitalization is $74.52 million. The firm’s 50-day moving average is $3.93 and its 200-day moving average is $4.27.
Yingli Green Energy Holding (NYSE:YGE) last released its earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.20) by $0.60. The firm had revenue of $364.60 million for the quarter. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.31) EPS. On average, equities research analysts anticipate that Yingli Green Energy Holding Co. will post ($0.72) earnings per share 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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