Yingli Green Energy Holding Co. (YGE) Stock Price Up 8.8%
Yingli Green Energy Holding Co. (NYSE:YGE)’s share price rose 8.8% on Monday . The company traded as high as $4.39 and last traded at $4.35, with a volume of 174,624 shares traded. The stock had previously closed at $4.00.
YGE has been the topic of a number of recent analyst reports. 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 report on Wednesday, May 18th. Roth Capital reissued a “sell” rating and set a $3.50 price target (up previously from $3.10) on shares of Yingli Green Energy Holding in a research report on Wednesday, June 15th. Finally, Axiom Securities reissued a “sell” rating on shares of Yingli Green Energy Holding in a research report on Saturday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Yingli Green Energy Holding has a consensus rating of “Hold” and an average target price of $6.95.
The company’s 50-day moving average is $3.94 and its 200-day moving average is $4.20. The stock’s market cap is $79.79 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, topping the Zacks’ consensus estimate of ($1.20) by $0.60. During the same quarter in the previous year, the business earned ($0.31) earnings per share. The company had revenue of $364.60 million for the quarter. Yingli Green Energy Holding’s quarterly revenue was down 22.2% on a year-over-year basis. On average, 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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