Nomura Securities Maintains a 'Buy' on Yingli Green Energy (YGE) on Structural Long-Term Positioning

Nomura Securities maintains a 'Buy' on Yingli Green Energy (NYSE: YGE).

Nomura analyst, Nitin Kumar, said, "1Q11F shipment disappointments continue, with Yingli lowering its 1Q11F shipments and margin forecasts amid a weak demand environment in Italy. While we see near-term utilization and ASP dynamics constrained given channel inventory build, we believe finalization of policy from Italy has lowered market uncertainty and see a resumption of demand as likely from end May to early-June. 2Q11F volume risks look to be higher than forecast, but we retain a Buy recommendation on the structural long-term positioning of the company."

For more ratings news on Yingli Green Energy click here and for the rating history of Yingli Green Energy click here.

Shares of Yingli Green Energy closed at $10.87 yesterday.

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