Yingli Green Energy Holding Co. (YGE) Stock Price Down 3.3%
Yingli Green Energy Holding Co. (NYSE:YGE)’s share price dropped 3.3% during mid-day trading on Tuesday . The stock traded as low as $4.05 and last traded at $4.16, with a volume of 538,153 shares trading hands. The stock had previously closed at $4.30.
YGE has been the topic of several analyst reports. Zacks Investment Research raised Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price objective 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 from $3.10) on shares of Yingli Green Energy Holding in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG lowered their price target on Yingli Green Energy Holding from $3.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.95.
The company has a 50 day moving average of $4.02 and a 200-day moving average of $4.19. The company’s market capitalization is $72.52 million.
Yingli Green Energy Holding (NYSE:YGE) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $1.25. The business had revenue of $379.80 million for the quarter, compared to analysts’ expectations of $370.54 million. During the same period in the previous year, the business earned ($0.53) earnings per share. Equities research analysts anticipate that Yingli Green Energy Holding Co. will post ($1.66) 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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