Yingli Green Energy Holding Co. (YGE) Shares Down 4.8%
Yingli Green Energy Holding Co. (NYSE:YGE) shares fell 4.8% during trading on Tuesday . The stock traded as low as $3.75 and last traded at $3.75, with a volume of 93,357 shares traded. The stock had previously closed at $3.94.
Several brokerages have recently commented on YGE. Roth Capital reaffirmed a “sell” rating and set a $3.50 target price (up from $3.10) on shares of Yingli Green Energy Holding in a report on Wednesday, June 15th. 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 on the stock in a report on Wednesday, May 18th. Finally, Axiom Securities reiterated a “sell” rating on shares of Yingli Green Energy Holding in a research report on Saturday, April 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.95.
The stock’s market cap is $69.43 million. The stock has a 50 day moving average of $3.98 and a 200-day moving average of $4.20.
Yingli Green Energy Holding (NYSE:YGE) last released its quarterly earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($1.20) by $0.60. The firm had revenue of $364.60 million for the quarter. During the same quarter in the previous year, the business posted ($0.31) EPS. The business’s revenue was down 22.2% compared to the same quarter last year. Equities research analysts forecast that Yingli Green Energy Holding Co. will post ($0.72) earnings per share 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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