Credit Suisse Maintains Yingli Green Energy Holding Co Ltd (ADR) to Underperform with Price Target $2.50

Brokerage firm Credit Suisse Maintains its rating on Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE). In a research note issued to the investors, the brokerage major Lowers the price-target to $2.50 per share. The shares have been rated Underperform. The rating by Credit Suisse was issued on Aug 18, 2016.

Yingli Green Energy Holding Co Ltd (ADR) (YGE) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -1.05% at a volume of 1,09,728. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.82. The peak price level was also seen at $3.82 while the days lowest was $3.76. Finally the shares closed at $3.78. The 52-week high of the shares is $9.49 while the 52-week low is $2.86. According to the latest information available, the market cap of the company is $69 M.

Yingli Green Energy Holding Co Ltd (ADR)(YGE) last announced its earnings results on Jun 14, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $364.62M. Analysts had an estimated revenue of $353.98M. Earnings per share were $0.06. Analysts had estimated an EPS of $-0.52.

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. 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 Algeria India Germany France South Africa Israel Turkey the Netherlands Honduras and Brazil. The Company’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 Company also has a solar project development and operation business in China.

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