Yingli Green Energy Holding Co. (YGE) Trading Up 6.7%
Yingli Green Energy Holding Co. (NYSE:YGE) shares were up 6.7% on Wednesday . The stock 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.
Several research analysts have weighed in on YGE shares. Zacks Investment Research raised shares of 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. Axiom Securities reaffirmed a “sell” rating on shares of Yingli Green Energy Holding in a research note on Friday, April 1st. Finally, Roth Capital reaffirmed a “sell” rating and set a $3.50 target price (up previously from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.95.
The company’s 50-day moving average is $3.96 and its 200-day moving average is $4.26. The firm’s market capitalization is $71.61 million.
Yingli Green Energy Holding (NYSE:YGE) last released its quarterly earnings data on Tuesday, June 14th. The company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($1.20) by $0.60. The business earned $364.60 million during the quarter. During the same quarter in the previous year, the company earned ($0.31) EPS. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. On average, equities research analysts expect 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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