Yingli Green Energy Holding Co. (NYSE:YGE) was upgraded by Axiom Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research firms have also issued reports on YGE. Credit Suisse Group AG reduced their target price on shares of Yingli Green Energy Holding from $3.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, August 18th. Zacks Investment Research lowered shares of Yingli Green Energy Holding from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Roth Capital reiterated a “sell” rating and set a $3.50 price objective (up from $3.10) on shares of Yingli Green Energy Holding in a report on Wednesday, June 15th.

Yingli Green Energy Holding (NYSE:YGE) opened at 3.89 on Thursday. The company has a 50-day moving average of $3.85 and a 200-day moving average of $4.06. The stock’s market cap is $70.70 million. Yingli Green Energy Holding has a 52 week low of $2.86 and a 52 week high of $9.50.

Yingli Green Energy Holding (NYSE:YGE) last released its earnings results on Tuesday, August 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $1.25. The firm earned $379.80 million during the quarter, compared to analysts’ expectations of $370.54 million. During the same quarter last year, the company posted ($0.53) earnings per share. On average, analysts predict that Yingli Green Energy Holding will post ($1.36) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. KCG Holdings Inc. bought a new position in shares of Yingli Green Energy Holding during the second quarter valued at $117,000. California Public Employees Retirement System increased its stake in Yingli Green Energy Holding by 4.1% in the second quarter. California Public Employees Retirement System now owns 152,719 shares of the company’s stock worth $620,000 after buying an additional 6,000 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Yingli Green Energy Holding by 20.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 60,122 shares of the company’s stock worth $244,000 after buying an additional 10,243 shares during the period. Smith Asset Management Group LP acquired a new stake in Yingli Green Energy Holding during the second quarter worth about $182,000. Finally, Edmond DE Rothschild Holding S.A. increased its stake in Yingli Green Energy Holding by 20.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 120,000 shares of the company’s stock worth $548,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 7.70% of the company’s stock.

About Yingli Green Energy Holding

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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