Goldman Sachs Upgrades Yingli Green Energy (YGE) to Neutral
Tweet
Share
E-mailGet Alerts YGE Hot Sheet
Price: $1.43 --0%
Rating Summary:
2 Buy, 11 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 11 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Goldman Sachs upgraded Yingli Green Energy (NYSE: YGE) to Neutral with a price target of $5.60.
The firm notes that Yingli has the highest exposure to the China market, which they expect to becoming one of the biggest solar markets in coming years. They also expect the company could continue to gain market share in China due to its long-term cooperation with Chinese power developers and its good track record of operating in China. That said the firm is still concerned about high cost in-house polysilicon, asset-heavy vertical-integration business model, and risk /reward of its brand building strategy at the cost significant amount marketing and sale expense while the solar industry is getting more commoditized.
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 $3.84 yesterday.
The firm notes that Yingli has the highest exposure to the China market, which they expect to becoming one of the biggest solar markets in coming years. They also expect the company could continue to gain market share in China due to its long-term cooperation with Chinese power developers and its good track record of operating in China. That said the firm is still concerned about high cost in-house polysilicon, asset-heavy vertical-integration business model, and risk /reward of its brand building strategy at the cost significant amount marketing and sale expense while the solar industry is getting more commoditized.
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 $3.84 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B.Riley Upgrades RF Industries Ltd. (RFIL) to Buy
- Goldman Sachs Downgrades Shanghai Jahwa United (600315:CH) to Neutral
- Citi upgrades O-I Glass to Buy with $9 price target, opens 90-Day upside catalyst watch
Create E-mail Alert Related Categories
UpgradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
