Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), one of the world’s leading solar panel manufacturers, today announced that that it will hold its Annual General Meeting (“AGM”) at 11:30 AM Beijing Time on November 24, 2015. The AGM will be held at A-15 Floor, No.8, Chao Yang Men Nei Street,Beijing, China. Shareholders registered in the register of members at the close of business on October 15, 2015 are entitled to receive notice of, and vote at, the AGM or at any adjournment that may take place. Beneficial owners of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, JP Morgan Chase Bank, N.A. (Original Source)
Shares of Yingli Green Energy Holding closed last Friday at $0.85. YGE has a 1-year high of $3.14 and a 1-year low of $0.33. The stock’s 50-day moving average is $0.55 and its 200-day moving average is $1.10.
On the ratings front, Yingli Green Energy has been the subject of a number of recent research reports. In a report issued on September 10, Credit Suisse analyst Patrick Jobin maintained a Sell rating on YGE, with a price target of $0.75, which reflects a potential downside of -11.8% from last closing price. Separately, on September 9, Roth Capital’s Philip Shen downgraded the stock to Sell and has a price target of $0.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Patrick Jobin and Philip Shen have a total average return of -4.7% and -11.5% respectively. Jobin has a success rate of 35.7% and is ranked #3216 out of 3788 analysts, while Shen has a success rate of 27.7% and is ranked #3746.
The street is mostly Bearish on YGE stock. Out of 4 analysts who cover the stock, 3 suggest a Sell rating and one recommends to Hold the stock. The 12-month average price target assigned to the stock is $0.08, which implies a downside of 90.6% from current levels.
Yingli Green Energy Holding Co Ltd along with its subsidiaries is engaged in the design, development, marketing, manufacture, installation and sale of photovoltaic products in China & overseas market.