Yingli Green Energy Holding Co. (YGE) Stock Price Down 2%
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) dropped 2% during trading on Thursday . The stock traded as low as $3.87 and last traded at $3.93, with a volume of 71,672 shares trading hands. The stock had previously closed at $4.01.
YGE has been the topic of several recent analyst reports. Axiom Securities reaffirmed a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Roth Capital reaffirmed a “sell” rating and issued a $3.50 price target (up previously from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Finally, Zacks Investment Research raised Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Wednesday, May 18th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.95.
The company has a 50-day moving average price of $4.03 and a 200-day moving average price of $4.21. The firm’s market cap is $71.43 million.
Yingli Green Energy Holding (NYSE:YGE) last released its quarterly earnings data on Tuesday, June 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $0.60. During the same period last year, the firm posted ($0.31) earnings per share. The business earned $364.60 million during the quarter. The firm’s 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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