Deutsche Bank Cuts Numbers on Yingli Green Energy (YGE) On Weak Results

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Deutsche Bank lowered estimates and its price target on Hold-rated Yingli Green Energy (NYSE: YGE) from $3.50 to $2.50 following challenging Q2 results

The firm comments, "Q2 results and outlook highlight ongoing concerns associated with 2H demand uncertainty, pricing pressure, weakening balance sheet and difficult US/EU regulatory environment. Although the company remains well positioned to gain market share in the longer term (both within China and in international markets), we expect shares to remain range bound until some of the above-mentioned challenges start to ease."

Deutsche Bank lowered 2012 ests from ~$1.93B/(-$0.57) to ~$1.69B/(-$2.19) vs. cons of ~$1.99B/(-$1.04).

For an analyst ratings summary and ratings history on Yingli Green Energy click here. For more ratings news on Yingli Green Energy click here.

Shares of Yingli Green Energy closed at $1.85 yesterday, with a 52 week range of $1.50-$6.57.

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