Yingli Green Energy (YGE) Sets New 12-Month Low Following Weak Earnings
Yingli Green Energy Holding Co Ltd (NYSE:YGE)’s share price hit a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $1.72 and last traded at $1.86, with a volume of 109700 shares. The stock had previously closed at $1.89.
The solar energy provider reported ($2.70) earnings per share for the quarter, missing the consensus estimate 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. Yingli Green Energy’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.80) earnings per share.
Separately, Axiom Securities reissued a “sell” rating on shares of Yingli Green Energy in a research report on Thursday, August 31st.
The company has a debt-to-equity ratio of -0.33, a current ratio of 0.46 and a quick ratio of 0.39.
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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