Piper Jaffray Adds Yingli Energy (YGE) to Alpha List
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Piper Jaffray adds Yingli Energy (NYSE: YGE) to its Alpha List with a Buy rating and $65 price target.
The firm cites Spanish solar installers as saying "Yingli modules are the highest quality modules from China." Piper believes Yingli is fully covered for poly throughout 2008 and should increase its poly supply coverage for 2009 from 30% to 60% in the near-term, possibly representing a potential positive catalyst.
Piper Jaffray's $65 price target on Yingli represents a potential gain of 223% from current levels around $20.
Yingli Green Energy Holding Company Limited, through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. [BCS]
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Jesse wrong 60% of the time
Piper trader on Apr 3, 2008 09:17 PMBetter chances on that recommendation to sell. 60%+ Piper Jaffray is wrong on Jesse Pichel stock picks, with all the advanges he has in solars it is still that dismal. Pretty funny if you ask me. Almost as bad as Cramer and his BCS recommendations ....