Yingli Green Energy Hold. Co. Receives Neutral Rating from Roth Capital (YGE)
Shares of Yingli Green Energy Hold. Co. (NYSE:YGE) traded up 12.22% during mid-day trading on Tuesday, hitting $3.95. 21,438,868 shares of the company’s stock traded hands. Yingli Green Energy Hold. Co. has a 52-week low of $2.68 and a 52-week high of $8.77. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $4.8. The company’s market cap is $619.2 million. Yingli Green Energy Hold. Co. also was the target of some unusual options trading on Tuesday. Stock traders acquired 10,536 call options on the stock. This represents an increase of approximately 386% compared to the average volume of 2,166 call options.
Yingli Green Energy Hold. Co. (NYSE:YGE) last announced its earnings results on Tuesday, June 17th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.11. The company had revenue of $432.20 million for the quarter, compared to the consensus estimate of $464.04 million. During the same quarter in the previous year, the company posted ($0.62) earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Yingli Green Energy Hold. Co. will post $-0.48 earnings per share for the current fiscal year.
A number of other firms have also recently commented on YGE. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Yingli Green Energy Hold. Co. in a research note on Tuesday. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Yingli Green Energy Hold. Co. in a research note on Monday, April 28th. They now have a $4.00 price target on the stock, down previously from $5.00. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Yingli Green Energy Hold. Co. currently has an average rating of “Hold” and a consensus target price of $6.33.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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