Yingli Green Energy Holding Company Limited (YGE) Stock Rating Reaffirmed by Axiom Securities

Axiom Securities reaffirmed their sell rating on shares of Yingli Green Energy Holding Company Limited (NYSE:YGE) in a report released on Friday, June 9th.

Several other research firms have also commented on YGE. ValuEngine lowered shares of Yingli Green Energy Holding Company Limited from a sell rating to a strong sell rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Yingli Green Energy Holding Company Limited from a hold rating to a strong sell rating in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company has a consensus rating of Sell and a consensus target price of $4.13.

Shares of Yingli Green Energy Holding Company Limited (YGE) traded down 5.24% on Friday, reaching $1.99. 114,005 shares of the company’s stock traded hands. The stock’s market capitalization is $36.17 million. Yingli Green Energy Holding Company Limited has a 52 week low of $1.79 and a 52 week high of $4.85. The company has a 50 day moving average of $2.24 and a 200-day moving average of $2.57.

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) EPS for the quarter, topping the 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 firm’s revenue was down 58.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts forecast that Yingli Green Energy Holding Company Limited will post ($8.62) earnings per share for the current year.

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An institutional investor recently raised its position in Yingli Green Energy Holding Company Limited stock. Renaissance Technologies LLC increased its position in shares of Yingli Green Energy Holding Company Limited (NYSE:YGE) by 70.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,389 shares of the solar energy provider’s stock after buying an additional 20,400 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of Yingli Green Energy Holding Company Limited worth $128,000 at the end of the most recent quarter. 5.76% of the stock is currently owned by institutional investors.

Yingli Green Energy Holding Company Limited Company Profile

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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