Yingli Green Energy (YGE) Remains Buy Rated at Deutsche Bank; Analyst Trims PT

Deutsche Bank maintained a Buy rating on Yingli Green Energy (NYSE: YGE) and reduced its price target to $5.00 (from $6.00). Comments follow Q2 results. Analyst Vishal Shah sees upside from projects on the horizon.

"Although guidance cut and cash flow concerns will likely weigh on shares in the near term, we continue to expect YGE’s outlook over the medium term to improve as the company refocuses on cost containment, interest expense, and potential upside from project sales. US anti-dumping effects appear minimal, and slight ASP pressure in the back half of the year should be offset by faster cost reductions, as the company can likely exit the year below 40 cents per watt in non-silicon costs. Project sales provide incremental upside to guidance and the company could convert up to 60% of pipeline to sales in the next several quarters," he said

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 $3.56 yesterday.

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