Roth Capital Remains On The Sidelines About Yingli Green Energy Following 3Q14 Results
In a research report issued today, Roth Capital analyst Philip Shen reiterated a Neutral rating on Yingli Green Energy Holding (NYSE:YGE) with a $3.00 price target, which represents a slight upside potential from current levels.
Shen observed, “While YGE posted a mixed Q3 (revenue miss, GM beat) and issued a weak Q4 shipment guide, the company meaningfully lowered its operating expenses in the quarter with more reductions ahead. With a retrenchment to internal capacity and lowering of OEM module production, we’ve lowered estimates.”
The analyst concluded, ‘We remain on the sidelines until YGE demonstrates greater success in deleveraging and generating greater earnings power.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Philip Shen has a total average return of -3.9% and a 34.2% success rate. Shen has a average return when recommending YGE, and is ranked #3160 out of 3388 analysts.