Referenced Stocks

Analyst Actions: Yingli Green Energy Holding Target Lowered at Credit Suisse; Shares Down 1%

By Midnight Trader,  December 03, 2012, 02:02:58 PM EDT

The target price for ADRs of Yingli Green Energy Holding ( YGE ) has been lowered by analysts at Credit Suisse to $1.25 from $1.50 a share.

"We estimate 2013 operating cash flow to be (~$150mm) and capex ($200mm)," said Credit Suisse. "If YGE has an ability to refinance existing debt and an inability to raise more debt, YGE's existing liquidity could sustain another 4 years of cash burn at the 2013 rate."

Shares of YGE are down 0.56% to $1.79, in the low end of a 52-week range of $1.25 - $6.27.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: YGE



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