Yingli Green Energy Hold. Co. Upgraded to “Buy” at Deutsche Bank (YGE)
Yingli Green Energy Hold. Co. (NYSE:YGE) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from $3.00 to $4.00 in a research note to investors on Monday, September 2nd. They now have a “sector perform” rating on the stock. Analysts at Ardour Capital upgraded shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 30th. They now have a $6.00 price target on the stock, up previously from $3.00. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Yingli Green Energy Hold. Co. currently has a consensus rating of “Hold” and an average price target of $3.45.
Shares of Yingli Green Energy Hold. Co. (NYSE:YGE) opened at 6.10 on Friday. Yingli Green Energy Hold. Co. has a one year low of $1.25 and a one year high of $6.35. The stock’s 50-day moving average is $4.81 and its 200-day moving average is $3.35. The company’s market cap is $955.2 million.
Yingli Green Energy Hold. Co. (NYSE:YGE) last released its earnings data on Friday, August 30th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.01. The company had revenue of $550.40 million for the quarter, compared to the consensus estimate of $506.72 million. During the same quarter in the previous year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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