Collins Stewart Names Yingli Green Energy (YGE) As Their Top Pick

January 2, 2008 9:48 AM EST
Get Alerts YGE Hot Sheet
Price: $2.75 --0%

Rating Summary:
    4 Buy, 15 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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Collins Stewart reiterates their Buy rating on Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) and names the stock as their 'Top Pick' for 2008.

The firm said, " YGE has production cost advantages in relation to its key competitors, which can be clearly seen in its financial metrics such as operating margin and return on assets (tables attached). These advantages will enable it to gain market share in the years ahead, as YGE will be able to profitably operate at price levels others will struggle to match. Despite these advantages, YGE is trading at a significant discount to its most similar peers. In the year ahead, as the company is better understood by investors and its earnings growth trajectory is seen, we believe its P/E multiple will expand, enabling YGE to outperform both its peers and the overall market."

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