Yingli Green Energy Holding Co. (YGE) Trading Up 5.5%
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) were up 5.5% during mid-day trading on Monday . The company traded as high as $4.13 and last traded at $4.04, with a volume of 192,179 shares traded. The stock had previously closed at $3.83.
A number of analysts recently issued reports on YGE shares. Zacks Investment Research upgraded shares of Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Wednesday, May 18th. Roth Capital restated a “sell” rating and set a $3.50 price objective (up previously from $3.10) on shares of Yingli Green Energy Holding in a report on Wednesday, June 15th. Finally, Axiom Securities restated a “sell” rating on shares of Yingli Green Energy Holding in a report on Saturday, April 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Yingli Green Energy Holding currently has a consensus rating of “Hold” and an average price target of $6.95.
The firm has a 50-day moving average of $3.98 and a 200-day moving average of $4.20. The firm’s market capitalization is $69.43 million.
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. During the same quarter in the previous year, the company earned ($0.31) earnings per share. The business earned $364.60 million during the quarter. Yingli Green Energy Holding’s revenue for the quarter was down 22.2% on a year-over-year basis. Analysts expect that Yingli Green Energy Holding Co. will post ($0.72) 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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