Axiom Securities Reiterates Buy Rating for Yingli Green Energy Holding Company Limited (YGE)

Axiom Securities reissued their buy rating on shares of Yingli Green Energy Holding Company Limited (NYSE:YGE) in a research note released on Saturday, July 22nd.

Other equities analysts have also issued research reports about the company. Roth Capital set a $2.00 price objective on Yingli Green Energy Holding Company Limited and gave the stock a sell rating in a research note on Saturday, June 17th. Zacks Investment Research raised Yingli Green Energy Holding Company Limited from a strong sell rating to a hold rating in a research note on Wednesday, June 14th. Finally, ValuEngine lowered Yingli Green Energy Holding Company Limited from a sell rating to a strong sell rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating and one has given a buy rating to the company. The stock has an average rating of Sell and an average price target of $3.60.

Shares of Yingli Green Energy Holding Company Limited (YGE) opened at 2.20 on Friday. The company’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.42. The stock’s market cap is $39.99 million. Yingli Green Energy Holding Company Limited has a 12-month low of $1.79 and a 12-month high of $4.85.

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

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An institutional investor recently raised its position in Yingli Green Energy Holding Company Limited stock. Renaissance Technologies LLC increased its stake in Yingli Green Energy Holding Company Limited (NYSE:YGE) by 70.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,389 shares of the solar energy provider’s stock after buying an additional 20,400 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of Yingli Green Energy Holding Company Limited worth $128,000 at the end of the most recent quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

Yingli Green Energy Holding Company Limited Company Profile

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.