Roth Capital Slashes Price Target for Yingli Green Energy Hold. Co. Ltd. (ADR) Following 4Q:14 Update
Roth Capital analyst Philip Shen came out with a research note on Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), reducing the price target to $2.10 (from $3.00), while maintaining a Neutral rating on the stock. The decreased price target comes after the company posted a fourth-quarter revenue miss of $555 million vs. consensus of $592 million and ROTH’s estimate of $649 million.
Shen noted, “YGE posted a Q4 miss driven by lower ASPs and higher-than-expected opex. Despite the slightly weak Q1 guide, we expect YGE to benefit from an improving outlook for China ahead. While the B/S remains challenged, management is exploring a variety of financing options including new credit facilities, debt restructuring, and strategic investors. All in, we maintain our Neutral as the company works through its debt burden.”
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 -3.4% and a 37.8% success rate. Shen has a average return when recommending YGE, and is ranked #3247 out of 3550 analysts.