Yingli Green Energy Holding Com (NYSE:YGE):
Opening of Europe’s Largest Bifacial Solar PV Plant in the Netherlands.
The company is now unchanged by 0.00 percent from yesterday’s close.
Yingli Green Energy Holding Company Limited, launched on August 7, 2006, is a solar panel manufacturer. The Business’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Business’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs. The Company 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 Business’s products and services include the manufacture of polysilicon ingots and wafers, PV cells, PV modules and integrated PV systems, and the development and operation of solar projects..
The stock is trading at $1.88 which is a tad under the 50 day moving average of $2.33 and just below the 200 day moving average of $2.62. The 50 day moving average was down $-0.45 or -19.34% and the 200 day average went down by -28.12%.
In the latest earnings report the EPS was $-16.83 and is projected to be $-8.62 for the current year with 18,176,000 shares currently outstanding. Next quarter’s EPS is estimated at $-2.07 and the next full year EPS is projected to be $-7.89.
Several investment firms have provided guidance on the company of late. On November 16 the stock rating was downgraded from “Buy” to “Sell” in a report issued by Axiom Capital. Equity analyst Credit Suisse issued its first research report on the stock with an initial rating of “Underperform”.
On October 6 the company was upgraded to “Buy” from “” in a statement from Axiom Capital. On August 18 Credit Suisse held the company rating at “Underperform” and raised the price expectation to $2.50 from $0.75.
September 10 investment analysts at Credit Suisse held the stock rating at “Underperform” but lowered the price expectation from $1.00 to $0.75. Roth Capital both downgraded the stock and lowered the price target on September 9 changing the price target from $1.30 to $0.50 and setting the rating at “Sell” which had previously been “Neutral”.