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

Yingli Green Energy Holding Company Limited (NYSE:YGE)‘s stock had its “sell” rating reiterated by research analysts at Axiom Securities in a research report issued on Friday.

YGE has been the subject of a number of other reports. Zacks Investment Research upgraded Yingli Green Energy Holding Company Limited from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Roth Capital set a $2.00 price target on Yingli Green Energy Holding Company Limited and gave the company a “sell” rating in a research note on Saturday, June 17th. Finally, ValuEngine downgraded Yingli Green Energy Holding Company Limited from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Yingli Green Energy Holding Company Limited has an average rating of “Sell” and an average target price of $3.60.

Yingli Green Energy Holding Company Limited (NYSE YGE) opened at 2.32 on Friday. The firm’s 50-day moving average is $2.40 and its 200-day moving average is $2.38. The company’s market cap is $42.17 million. Yingli Green Energy Holding Company Limited has a 12 month low of $1.79 and a 12 month high of $4.17.

Yingli Green Energy Holding Company Limited (NYSE:YGE) last released its quarterly earnings results on Thursday, June 15th. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.27) by $0.80. The firm had revenue of $149.70 million for the quarter, compared to the consensus estimate of $151.50 million. The company’s revenue for the quarter was down 58.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, analysts anticipate that Yingli Green Energy Holding Company Limited will post ($8.61) EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Profund Advisors LLC grew its stake in shares of Yingli Green Energy Holding Company Limited by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock valued at $119,000 after acquiring an additional 2,565 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in shares of Yingli Green Energy Holding Company Limited by 8.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 157,500 shares of the solar energy provider’s stock valued at $358,000 after acquiring an additional 12,500 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Yingli Green Energy Holding Company Limited by 34.4% during the 1st quarter. California Public Employees Retirement System now owns 208,349 shares of the solar energy provider’s stock valued at $519,000 after acquiring an additional 53,330 shares during the period. Institutional investors own 2.34% 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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