Yingli Green Energy (YGE) Buy Rating Maintained at Deutsche Bank

Deutsche Bank maintained a Buy rating on Yingli Green Energy (NYSE: YGE) with a price target of $5. Comments follow Q3 results.

Analyst Vishal Shah said, "Yingli appears to be focusing the business on core competencies as module gross margin reached above 20% for the Q helped by ongoing cost reduction and shipments to higher margin markets increased, and the company generated its first quarter of operating profit since 2011. While Chinese ramp in 4Q will likely offset margin progress, the company’s focus on deleveraging and interest expense management should help future earnings potential. While guidance cut may weigh on shares in the near term, we expect operating leverage, margin improvement, and debt paydown to help the company reach profitability over the next several Q's."

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 $2.99 yesterday.

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