Yingli Green Energy Hold. Co. (YGE) Posts Quarterly Earnings, Misses Expectations By $0.11 EPS
Yingli Green Energy Hold. Co. (NYSE:YGE) issued its quarterly earnings data on Tuesday. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.24) by $0.11, AnalystRatings.Net reports. The company had revenue of $432.20 million for the quarter, compared to the consensus estimate of $464.04 million.
Yingli Green Energy Hold. Co. (NYSE:YGE) opened at 3.52 on Tuesday. Yingli Green Energy Hold. Co. has a one year low of $2.68 and a one year high of $8.77. The stock has a 50-day moving average of $3.12 and a 200-day moving average of $4.8. The company’s market cap is $551.8 million.
YGE has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Yingli Green Energy Hold. Co. from $8.00 to $6.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. On a related note, 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.25.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.