The stock of Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) is a huge mover today! The stock increased 2.49% or $0.08 on November 29, hitting $3.29. About 61,278 shares traded hands. Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) has declined 35.15% since April 26, 2016 and is downtrending. It has underperformed by 40.41% the S&P500.
The move comes after 9 months positive chart setup for the $56.39 million company. It was reported on Nov, 29 by Barchart.com. We have $3.49 PT which if reached, will make NYSE:YGE worth $3.38M more.
Analysts await Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) to report earnings on December, 7. They expect $-1.30 EPS, up 64.86% or $2.40 from last year’s $-3.7 per share. After $0.90 actual EPS reported by Yingli Green Energy Holding Co Ltd (ADR) for the previous quarter, Wall Street now forecasts -244.44% negative EPS growth.
Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) Ratings Coverage
Out of 5 analysts covering Yingli Green Energy (NYSE:YGE), 0 rate it a “Buy”, 4 “Sell”, while 1 “Hold”. This means 0 are positive. Yingli Green Energy has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Roth Capital downgraded Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) rating on Wednesday, September 9. Roth Capital has “Sell” rating and $0.50 price target. TH Capital downgraded Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) rating on Wednesday, September 9. TH Capital has “Sell” rating and $0.50 price target. The firm earned “Buy” rating on Thursday, October 6 by Axiom Capital. As per Wednesday, November 16, the company rating was downgraded by Axiom Capital. Axiom Capital initiated Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) on Friday, August 21 with “Sell” rating. The firm has “Sector Perform” rating given on Wednesday, September 9 by RBC Capital Markets.
According to Zacks Investment Research, “Yingli Green Energy Holding Company Limited is a leading vertically integrated manufacturer of photovoltaic products in China. Yingli was incorporated in the Cayman Islands in August and operates through its principal operating subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd. or Tianwei Yingli, based in Baoding, Hebei Province, eighty five kilometers south of Beijing. When Yingli Green Energy began production of polysilicon wafers, its annual production capacity has expanded from three megawatts of PV modules to ninety five megawatts of polysilicon ingots and wafers, ninety megawatts of photovoltaic, or PV, cells and hundred megawatts of PV modules.”
More recent Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) news were published by: Marketwatch.com which released: “Yingli Green Energy Holding Co. Ltd. ADR” on May 22, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Fool.com‘s news article titled: “Is Yingli Green Energy Holding Co. Ltd. (ADR) Destined for Greatness?” with publication date: June 25, 2014 was also an interesting one.
YGE Company Profile
Yingli Green Energy Holding Company Limited, incorporated on August 7, 2006, 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. The Firm sells PV modules under its own brand names, Yingli and Yingli Solar, to PV system integrators and distributors located in various markets around the world, including China, Japan, the United States, the United Kingdom, Chile, Algeria, Germany, France, South Africa, Turkey and Honduras. The Company’s services and products include the manufacture of polysilicon ingots and wafers, PV cells, PV modules and integrated PV systems, and the development and operation of solar projects.
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