Yingli Green Energy (YGE) Lowered to “Hold” at Zacks Investment Research

Yingli Green Energy (NYSE:YGE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “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. “

YGE has been the topic of a number of other reports. ValuEngine lowered Yingli Green Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Roth Capital reissued a “sell” rating and set a $2.00 price target on shares of Yingli Green Energy in a report on Wednesday, December 20th.

Yingli Green Energy (NYSE YGE) traded down $0.01 during mid-day trading on Friday, reaching $2.02. The company’s stock had a trading volume of 134,156 shares, compared to its average volume of 352,817. The company has a market capitalization of $36.72, a PE ratio of -0.05 and a beta of 2.36. The company has a debt-to-equity ratio of -0.31, a current ratio of 0.48 and a quick ratio of 0.40. Yingli Green Energy has a 12 month low of $1.68 and a 12 month high of $3.35.

Yingli Green Energy (NYSE:YGE) last issued its quarterly earnings results on Tuesday, December 19th. The solar energy provider reported ($2.70) EPS for the quarter, missing analysts’ consensus estimates of ($2.61) by ($0.09). The firm had revenue of $252.30 million during the quarter, compared to the consensus estimate of $242.00 million. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned ($2.80) earnings per share. analysts predict that Yingli Green Energy will post -9 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Yingli Green Energy by 119.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 44,849 shares of the solar energy provider’s stock valued at $102,000 after purchasing an additional 24,379 shares during the period. GMT Capital Corp acquired a new position in shares of Yingli Green Energy during the third quarter valued at $506,000. Profund Advisors LLC increased its holdings in shares of Yingli Green Energy by 5.2% during the second quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock valued at $119,000 after purchasing an additional 2,565 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of Yingli Green Energy by 8.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 157,500 shares of the solar energy provider’s stock valued at $358,000 after purchasing an additional 12,500 shares during the period.

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Yingli Green Energy 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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