Yingli (YGE) Shares Rising as Piper's Positive Comments Outweighing Ardour's Downgrade

Shares of Yingli Green Energy (NYSE: YGE) are moving higher this morning despite a downgrade from an analyst at Ardour Capital. The firm lowered its investment rating on the solar stock from Accumulate to Reduce, but maintained its $15 price target.

Traders may be buying the stock today amid a separate analyst report, one from Piper Jaffray's Jesse Pichel. The analyst cites the $2.3 billion in tax credits announced by President Obama last week, saying that the news should be a modest positive for the bottom lines of Yingli, Cree (Nasdaq: CREE), First Solar (Nasdaq: FSLR), SunPower (Nasdaq: SPWRA) and several other solar-related companies. Notably, Piper Jaffray maintains an Overweight rating and $19 target on shares of Yingli.

Just before the market is set to open, Yingli shares are up 1.9% to around $18.44.

Visit our Analyst Ratings page for Yingli to see all the market-moving analyst calls specifically for this stock.

Yingli Green Energy Holding Company Limited and its subsidiaries engage in the design, development, marketing, manufacturing, installation, and sale of photovoltaic products in the People's Republic of China and internationally.

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