Axiom Securities reiterated their buy rating on shares of Yingli Green Energy Holding Company Limited (NYSE:YGE) in a research note issued to investors on Saturday, July 22nd.
YGE has been the subject of several other reports. ValuEngine downgraded shares of Yingli Green Energy Holding Company Limited from a sell rating to a strong sell rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Yingli Green Energy Holding Company Limited from a hold rating to a strong sell rating in a report on Wednesday, April 19th. Finally, Roth Capital set a $2.00 price target on shares of Yingli Green Energy Holding Company Limited and gave the stock a sell rating in a report on Saturday, June 17th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company has a consensus rating of Sell and an average price target of $3.60.
Yingli Green Energy Holding Company Limited (NYSE YGE) traded up 1.64% during midday trading on Friday, hitting $2.48. The stock had a trading volume of 71,494 shares. The company has a 50-day moving average of $2.35 and a 200-day moving average of $2.40. Yingli Green Energy Holding Company Limited has a 1-year low of $1.79 and a 1-year high of $4.85. The stock’s market cap is $45.08 million.
Yingli Green Energy Holding Company Limited (NYSE:YGE) last announced its quarterly earnings results on Thursday, June 15th. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, topping the 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 firm’s quarterly revenue was down 58.9% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts forecast that Yingli Green Energy Holding Company Limited will post ($8.61) EPS for the current year.
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A number of hedge funds have recently bought and sold shares of YGE. Renaissance Technologies LLC increased its stake in Yingli Green Energy Holding Company Limited by 70.4% in the fourth quarter. Renaissance Technologies LLC now owns 49,389 shares of the solar energy provider’s stock worth $128,000 after buying an additional 20,400 shares during the last quarter. Profund Advisors LLC increased its stake in Yingli Green Energy Holding Company Limited by 5.2% in the second quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock worth $119,000 after buying an additional 2,565 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Yingli Green Energy Holding Company Limited by 8.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 157,500 shares of the solar energy provider’s stock worth $358,000 after buying an additional 12,500 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Yingli Green Energy Holding Company Limited by 34.4% in the first quarter. California Public Employees Retirement System now owns 208,349 shares of the solar energy provider’s stock worth $519,000 after buying an additional 53,330 shares during the last quarter. Institutional investors and hedge funds own 3.33% of the company’s stock.
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.
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