Yingli Green Energy Holding Company Limited (YGE) Rating Reiterated by Axiom Securities

Yingli Green Energy Holding Company Limited (NYSE:YGE)‘s stock had its “sell” rating reiterated by analysts at Axiom Securities in a research note issued to investors on Thursday.

A number of other research analysts also recently commented on YGE. Zacks Investment Research downgraded Yingli Green Energy Holding Company Limited from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 19th. ValuEngine downgraded Yingli Green Energy Holding Company Limited from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, Roth Capital set a $2.00 price objective on Yingli Green Energy Holding Company Limited and gave the company a “sell” rating in a research note on Saturday, June 17th. Five research analysts have rated the stock with a sell rating, The stock has a consensus rating of “Sell” and an average target price of $3.60.

Yingli Green Energy Holding Company Limited (NYSE:YGE) traded up 5.00% on Thursday, reaching $2.31. The company’s stock had a trading volume of 59,060 shares. Yingli Green Energy Holding Company Limited has a 52 week low of $1.79 and a 52 week high of $4.85. The firm’s 50 day moving average price is $2.33 and its 200-day moving average price is $2.42. The company’s market capitalization is $41.99 million.

Yingli Green Energy Holding Company Limited (NYSE:YGE) last issued its quarterly earnings results on Thursday, June 15th. The solar energy provider reported ($1.47) EPS for the quarter, beating analysts’ consensus estimates of ($2.27) by $0.80. The business had revenue of $149.70 million during the quarter, compared to analysts’ expectations of $151.50 million. The company’s revenue for the quarter was down 58.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. On average, equities analysts predict that Yingli Green Energy Holding Company Limited will post ($8.61) EPS for the current year.

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A hedge fund recently raised its stake in Yingli Green Energy Holding Company Limited stock. California Public Employees Retirement System boosted its stake in shares of Yingli Green Energy Holding Company Limited (NYSE:YGE) by 34.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,349 shares of the solar energy provider’s stock after buying an additional 53,330 shares during the period. California Public Employees Retirement System’s holdings in Yingli Green Energy Holding Company Limited were worth $519,000 as of its most recent SEC filing. 3.57% of the stock is currently owned by institutional investors and hedge funds.

About Yingli Green Energy Holding Company Limited

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.