Yingli Green Energy Hold. Co. Ltd. (YGE), Cenovus Energy (CVE), WPX Energy (WPX), Oiltanking Partners (OILT), Natural Resource (NRP), Penn West Energy Trust (PWE) and QR Energy LP (QRE) had ratings changed or initiated on them.
Barclays Capital upgraded Cenovus Energy (CVE) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $41.00 on the company.
Barclays Capital upgraded WPX ENERGY INC (WPX) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $18.00 on the company.
Bank of America (BAC) downgraded Oiltanking Partners (OILT) from a "Buy" rating to a "Neutral" rating.
ThinkEquity downgraded Yingli Green Energy Hold. Co. Ltd. (YGE) from a "Hold" rating to a "Sell" ratng. The slashed their price target from $3.00 to $1.00 a share.
Dahlman Rose initiated coverage on Natural Resource (NRP). They placed a "Hold" rating on the company.
Deutsche Bank (DB) initiated coverage on Penn West Energy Trust (PWE). They placed a "Hold" rating on the company.
JPMorgan Chase (JPM) initiated coverage on QR Energy LP (QRE). They placed an "Overweight" rating and price target of $21.00 on the company.
Showing posts with label Yingli Green Energy. Show all posts
Showing posts with label Yingli Green Energy. Show all posts
Thursday, August 30, 2012
Wednesday, February 15, 2012
LDK (LDK) (FSLR) (WFR) (SPWR) (STP) (JASO) (YGE) (TSL) Under Pressure
Solar companies LDK (NYSE:LDK), First Solar (NASDAQ:FSLR), MEMC Electronic Materials (NYSE:WFR), SunPower (NASDAQ:SPWR), Suntech (NYSE:STP), JA Solar (NASDAQ:JASO), Yingli (NYSE:YGE) and Trina Solar(NYSE:TSL) were under pressure today on news Germany’s feed-in-tariff will probably be cut even more than expected, which would hit the industry even harder than it has been from prior cuts there.
Germany, along with Italy, is among the largest consumers of solar power in the world.
According to Citigroup (NYSE:C) analyst Timothy Arcuri, cuts in subsidies for April could be much worse than the consensus 10 percent to 20 percent cuts being looked for by the street. He sees cuts beginning at 20 percent and being as high as 35 percent for April, 2012.
Arcuri sees all solar companies being hit hard if his projections are accurate. Even if they aren't as high as he sees, it is expected they will be higher than originally estimated, and will put downward pressure on the industry even more than it has been.
Vishal Shah, an analyst for Deutsche Bank (NYSE:DB) sees an April subsidy cut from Germany of 15 percent, with a additional monthly cuts of 2 percent afterwards. Shah said there will also likely be a subsidy cap on solar as the EU economy remains weakened.
JinkoSolar was downgraded by Auriga from a "Hold" rating to a "Sell" rating Tuesday, while Trina and Yingli were both downgraded by Auriga from "Hold" to "Sell" as well.
We should see a number of downgrades in the solar sector as the data is analysed.
Germany, along with Italy, is among the largest consumers of solar power in the world.
According to Citigroup (NYSE:C) analyst Timothy Arcuri, cuts in subsidies for April could be much worse than the consensus 10 percent to 20 percent cuts being looked for by the street. He sees cuts beginning at 20 percent and being as high as 35 percent for April, 2012.
Arcuri sees all solar companies being hit hard if his projections are accurate. Even if they aren't as high as he sees, it is expected they will be higher than originally estimated, and will put downward pressure on the industry even more than it has been.
Vishal Shah, an analyst for Deutsche Bank (NYSE:DB) sees an April subsidy cut from Germany of 15 percent, with a additional monthly cuts of 2 percent afterwards. Shah said there will also likely be a subsidy cap on solar as the EU economy remains weakened.
JinkoSolar was downgraded by Auriga from a "Hold" rating to a "Sell" rating Tuesday, while Trina and Yingli were both downgraded by Auriga from "Hold" to "Sell" as well.
We should see a number of downgrades in the solar sector as the data is analysed.
Tuesday, February 14, 2012
Yingli (YGE) (HSY) (K) (MUR) (CLD) (LL) (GSP) Ratings, Price Targets
Yingli Green Energy (NYSE:YGE), Hershey (NYSE:HSY), Kellogg (NYSE:K), Murphy Oil (NYSE:MUR), Cloud Peak Energy (NYSE:CLD), Lumber Liquidators (NYSE:LL) and Gap Inc (NYSE:GPS) had ratings and price targets on them adjusted by analysts.
Morgan Stanley initiated coverage on Hershey (HSY). They placed an "Equal Weight" rating on the company.
Morgan Stanley initiated coverage on Kellogg (K). They placed an "Equal Weight" rating on the company.
Brean Murray initiated coverage on Murphy Oil (MUR). They placed a "Buy" rating and price target of $71.00 on the company.
Cloud Peak Energy (CLD) was downgraded by Barclays from an "Equal Weight" rating to an "Underweight" rating.
Lumber Liquidators (LL) was downgraded by Janney Montgomery Scott from a "Neutral" rating to a "Sell" rating.
Yingli Green Energy (YGE) was downgraded by Auriga from a "Buy" rating to a "Hold" rating.
Gap (GSP) was upgraded by Citigroup (NYSE:C) from a "Neutral" rating to a "Buy" rating.
Morgan Stanley initiated coverage on Hershey (HSY). They placed an "Equal Weight" rating on the company.
Morgan Stanley initiated coverage on Kellogg (K). They placed an "Equal Weight" rating on the company.
Brean Murray initiated coverage on Murphy Oil (MUR). They placed a "Buy" rating and price target of $71.00 on the company.
Cloud Peak Energy (CLD) was downgraded by Barclays from an "Equal Weight" rating to an "Underweight" rating.
Lumber Liquidators (LL) was downgraded by Janney Montgomery Scott from a "Neutral" rating to a "Sell" rating.
Yingli Green Energy (YGE) was downgraded by Auriga from a "Buy" rating to a "Hold" rating.
Gap (GSP) was upgraded by Citigroup (NYSE:C) from a "Neutral" rating to a "Buy" rating.
Wednesday, September 28, 2011
Yingli (YGE) (WAG) (SNX) (SFY) (PRGO) (CALX) Price Targets Changed
Yingli Green Energy (NYSE: YGE), Walgreen (NYSE: WAG), SYNNEX Co. (NYSE: SNX), Swift Energy (NYSE: SFY), Perrigo (NASDAQ: PRGO) and Calix Networks (NASDAQ: CALX) had their price targets adjusted by analysts.
Yingli Green Energy (YGE) had its price target lowered by Auriga from $3.00 to $2.00. They have a “Sell” rating on the company.
Walgreen (WAG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $35.00.
SYNNEX Co. (SNX) had its price target raised by Bank of America (NYSE:BAC) from $29.00 to $32.00. They have a “Buy” rating on the company.
Swift Energy (SFY) had its price target raised by Howard Weil from $57.00 to $63.00. They have an “Outperform” rating on the company.
Perrigo (PRGO) had its price target raised by Goldman Sachs (NYSE:GS) to $110.00.
Calix Networks (CALX) had its price target lowered by Jefferies (NYSE:JEF) to $13.00.
Yingli Green Energy (YGE) had its price target lowered by Auriga from $3.00 to $2.00. They have a “Sell” rating on the company.
Walgreen (WAG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $35.00.
SYNNEX Co. (SNX) had its price target raised by Bank of America (NYSE:BAC) from $29.00 to $32.00. They have a “Buy” rating on the company.
Swift Energy (SFY) had its price target raised by Howard Weil from $57.00 to $63.00. They have an “Outperform” rating on the company.
Perrigo (PRGO) had its price target raised by Goldman Sachs (NYSE:GS) to $110.00.
Calix Networks (CALX) had its price target lowered by Jefferies (NYSE:JEF) to $13.00.
Tuesday, May 24, 2011
Yingli (YGE) Gets Some Sun from Citigroup (C)
China-based solar company Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) received a sunnier outlook from Citigroup (NYSE: C) analysts, who upgraded the company from a "Sell" rating to a "Hold" rating, although it didn't do much to sway the market, which continues to punish the weakened and crumbling solar sector.
Citigroup however did lower its price target on Yingli Green Energy from $11.00 to $9.75, pressuring the share price of the company downward.
Yingli Green Energy Holding Company Limited participates in the design, development, marketing, manufacture, installation, and marketing of photovoltaic products in China and around the world.
Yingli closed Monday at $8.80, falling $0.25, or 2.76 percent.
Citigroup however did lower its price target on Yingli Green Energy from $11.00 to $9.75, pressuring the share price of the company downward.
Yingli Green Energy Holding Company Limited participates in the design, development, marketing, manufacture, installation, and marketing of photovoltaic products in China and around the world.
Yingli closed Monday at $8.80, falling $0.25, or 2.76 percent.
Thursday, November 4, 2010
Yingli Green (NYSE:YGE) Sales Rising, Costs Lowering
Yingli Green Energy Holding (NYSE:YGE) earnings per share estimate was upwardly revised by Auriga on expected higher sales over the next two quarters, and on remaining committed to being a low-cost leader.
"We raise Yingli's 3Q10 and 4Q10 estimates on higher sales, better than expected cost control, and currency tailwinds. Yingli's price-leader sales strategy stoked its channel while cost programs have run ahead of industry price declines. Yingli's near-term results clearly benefit from current industry trends, and we expect this to continue into 2011. We maintain our 2011 estimates ahead of the 3Q10 report and look for more clarity from the call before adjusting our 2011 view in-line with recent trends...We raise near-term estimates to reflect industry trends and increase 2010 Sales/GM%/EPS to $1.78b/32%/$1.30 from $1.67b/30.6%/$1.00, but maintain our prior 2011 estimates and $15 target," said Auriga.
They maintain their "Buy" rating on Yingli, which closed Wednesday down at $11.90, losing $0.06, or 0.50 percent. A price target of $15 was placed on Yingli by Auriga.
"We raise Yingli's 3Q10 and 4Q10 estimates on higher sales, better than expected cost control, and currency tailwinds. Yingli's price-leader sales strategy stoked its channel while cost programs have run ahead of industry price declines. Yingli's near-term results clearly benefit from current industry trends, and we expect this to continue into 2011. We maintain our 2011 estimates ahead of the 3Q10 report and look for more clarity from the call before adjusting our 2011 view in-line with recent trends...We raise near-term estimates to reflect industry trends and increase 2010 Sales/GM%/EPS to $1.78b/32%/$1.30 from $1.67b/30.6%/$1.00, but maintain our prior 2011 estimates and $15 target," said Auriga.
They maintain their "Buy" rating on Yingli, which closed Wednesday down at $11.90, losing $0.06, or 0.50 percent. A price target of $15 was placed on Yingli by Auriga.
Thursday, October 28, 2010
Canadian Solar (Nasdaq:CSIQ), Yingli (NYSE:YGE), Solarfun (Nasdaq:SOLF), Ascent Solar (Nasdaq:ASTI), SunPower's (Nasdaq:SPWRA) Expectations Lower Goin
With European markets plunging concerning solar demand, solar companies Canadian Solar (Nasdaq:CSIQ), Yingli Green Energy (NYSE:YGE), Solarfun (Nasdaq:SOLF), Ascent Solar (Nasdaq:ASTI) and SunPower (Nasdaq:SPWRA) probably won't be able to come close to their third-quarter results anytime soon.
Wedbush sees the North American solar market and china, which are slowly increasing in solar demand, not able to make up for Europe shortfalls.
All the companies listed above are rated as "Neutral" by Wedbush because of that, although each company has other factors in the rating decision.
Most of the solar companies have challenges because of the push to cut costs as government subsidies are lowered, which means they'll have to compete increasingly based on market conditions in the future.
Eliminating or lowering of government subsidies also means the threat of commoditization in the industry, which is why lowering costs is so important to them.
Solar companies could have a rough ride ahead, with some of it depending on how long the weak economic global conditions continue.
Wedbush sees the North American solar market and china, which are slowly increasing in solar demand, not able to make up for Europe shortfalls.
All the companies listed above are rated as "Neutral" by Wedbush because of that, although each company has other factors in the rating decision.
Most of the solar companies have challenges because of the push to cut costs as government subsidies are lowered, which means they'll have to compete increasingly based on market conditions in the future.
Eliminating or lowering of government subsidies also means the threat of commoditization in the industry, which is why lowering costs is so important to them.
Solar companies could have a rough ride ahead, with some of it depending on how long the weak economic global conditions continue.
Wednesday, October 20, 2010
Suntech Power (NYSE:STP), ReneSola (NYSE:SOL), Trina (NYSE:TSL) and Yingli (NYSE:YGE) Among Leading China Solar Companies
Deutsche Bank AG (NYSE:DB) continues to like the Chinese solar sector, and among its favorites are Suntech (NYSE:STP), ReneSola (NYSE:SOL), Trina (NYSE:TSL) and Yingli (NYSE:YGE).
Suntech they upgraded from "Hold" to "Buy."
Deutsche said, "We expect the leading China solar PV manufacturers to report strong sets of results in 3Q10E and 4Q10E, and believe this momentum should be further extended beyond 2010 due to a more stable module ASP outlook in 1Q11 qoq. Module ASP may start to drop in 2Q11E but we think this risk is likely to be overcome by the ongoing effort to reduce manufacturing costs. The sector trades at an inexpensive valuation of 5-7x 2011E P/E; we reiterate Buy on ReneSola, Trina and Yingli, and upgrade Suntech to Buy.
"We remain bullish on ReneSola despite the 66% increase in share price in the past three months. We reiterate Buy on Trina mainly on its manufacturing cost leadership. We also like Yingli but see possible near-term pressure on 3Q10E gross margins due to the additional ramp-up cost from its polysilicon facility and new production lines. We upgrade Suntech as we believe the stock now offers an attractive risk-adjusted reward return after a year of share underperformance and expect the company to secure new wafer capacity in the near term."
All the companies took hard hits Tuesday, with Yingli dropping to $11.83, falling $1.15, or 8.86 percent. Trina closed at $26.26, losing $1.67, or 5.98 percent. Renesola closed the session at $12.17, falling $1.22, or 9.11 percent. Suntech was down $8.85, down $0.59, or 6.25 percent.
Suntech they upgraded from "Hold" to "Buy."
Deutsche said, "We expect the leading China solar PV manufacturers to report strong sets of results in 3Q10E and 4Q10E, and believe this momentum should be further extended beyond 2010 due to a more stable module ASP outlook in 1Q11 qoq. Module ASP may start to drop in 2Q11E but we think this risk is likely to be overcome by the ongoing effort to reduce manufacturing costs. The sector trades at an inexpensive valuation of 5-7x 2011E P/E; we reiterate Buy on ReneSola, Trina and Yingli, and upgrade Suntech to Buy.
"We remain bullish on ReneSola despite the 66% increase in share price in the past three months. We reiterate Buy on Trina mainly on its manufacturing cost leadership. We also like Yingli but see possible near-term pressure on 3Q10E gross margins due to the additional ramp-up cost from its polysilicon facility and new production lines. We upgrade Suntech as we believe the stock now offers an attractive risk-adjusted reward return after a year of share underperformance and expect the company to secure new wafer capacity in the near term."
All the companies took hard hits Tuesday, with Yingli dropping to $11.83, falling $1.15, or 8.86 percent. Trina closed at $26.26, losing $1.67, or 5.98 percent. Renesola closed the session at $12.17, falling $1.22, or 9.11 percent. Suntech was down $8.85, down $0.59, or 6.25 percent.
Monday, October 11, 2010
Yingli (NYSE:YGE), Jinko (NYSE:JKS), Trina (NYSE:TSL) Reflect Mixed Solar
The solar industry continues to perform all over the map, at least as far as analyst coverage goes, and the latest news has Jinko Solar (NYSE:JKS) and Jinko Solar (NYSE:JKS) downgraded, while Yingli and Trina Solar (NYSE:TSL) has coverage initiated on them by RBS (NYSE:RBS).
As far as the downgrades of Yingli (NYSE:YGE) and Jinko Solar (NYSE:JKS), that came from Oppenheimer, who cut them both from "Outperform" to "Perform."
Jinko Solar closed the week at $26.76, losing $1.81 on Friday, or 6.34 percent. Oppenheimer has a price target of $31 on them increasing it from their prior price target of $25.
For Yingli, they closed Friday at $12.77, falling $0.45, or 3.40 percent. They have a price target of $14 on them from Oppenheimer.
For RBS, they initiated coverage on Trina and Yingli, starting them both off at "Outperform." They have a price target on Yingli of $38, and a price target of $17 on Trina.
Trina closed Friday at $28.53, losing $0.46, or 1.59 percent.
As far as the downgrades of Yingli (NYSE:YGE) and Jinko Solar (NYSE:JKS), that came from Oppenheimer, who cut them both from "Outperform" to "Perform."
Jinko Solar closed the week at $26.76, losing $1.81 on Friday, or 6.34 percent. Oppenheimer has a price target of $31 on them increasing it from their prior price target of $25.
For Yingli, they closed Friday at $12.77, falling $0.45, or 3.40 percent. They have a price target of $14 on them from Oppenheimer.
For RBS, they initiated coverage on Trina and Yingli, starting them both off at "Outperform." They have a price target on Yingli of $38, and a price target of $17 on Trina.
Trina closed Friday at $28.53, losing $0.46, or 1.59 percent.
Friday, October 1, 2010
First Solar (Nasdaq:FSLR), Trina Solar (NYSE:TSL), Suntech (NYSE:STP),
Jefferies has given the solar industry a lot of love, raising the price
targets on First Solar (Nasdaq:FSLR), Trina Solar (NYSE:TSL), Suntech (NYSE:STP), JA Solar (Nasdaq:JASO), Yingli Green Energy (NYSE:YGE), Solarfun Power Holdings (Nasdaq:SOLF) and SunPower Corporation(Nasdaq:SPWRA).
The bump up in price targets for all the companies came from a trip the recently took in Asia and Europe, where they based the upwardly revised share prices on higher ASPs for every company.
First Solar's price target was raised from $142 to $160; JA Solar from $10 to $14, a 40 percent increase; Solarfun from $14 to $17, with a "Buy" maintained; SunPower from $13 to $15, reiterating a "Hold" on them; Suntech was raised from $10 to $11, maintaining a "Hold" on the company; Trina Solar was upped from $38 to $42, retaining a "Buy" rating; and Yingli Green Energy was increased from $17 to $20, also having a "Buy" maintained on the company.
Some analysts have questioned some companies in the sector, based on valuations and the sustainability of growth in some regions of the world; one of them being Germany.
targets on First Solar (Nasdaq:FSLR), Trina Solar (NYSE:TSL), Suntech (NYSE:STP), JA Solar (Nasdaq:JASO), Yingli Green Energy (NYSE:YGE), Solarfun Power Holdings (Nasdaq:SOLF) and SunPower Corporation(Nasdaq:SPWRA).
The bump up in price targets for all the companies came from a trip the recently took in Asia and Europe, where they based the upwardly revised share prices on higher ASPs for every company.
First Solar's price target was raised from $142 to $160; JA Solar from $10 to $14, a 40 percent increase; Solarfun from $14 to $17, with a "Buy" maintained; SunPower from $13 to $15, reiterating a "Hold" on them; Suntech was raised from $10 to $11, maintaining a "Hold" on the company; Trina Solar was upped from $38 to $42, retaining a "Buy" rating; and Yingli Green Energy was increased from $17 to $20, also having a "Buy" maintained on the company.
Some analysts have questioned some companies in the sector, based on valuations and the sustainability of growth in some regions of the world; one of them being Germany.
Thursday, September 30, 2010
Yingli Green Energy (NYSE:YGE) Gaining Favor
Yingli Green Energy (NYSE:YGE) is becoming one of the favorite picks of analysts covering the solar sector, will sales estimated to increase to somewhere around $1.6 billion.
The solar module supplier has been gaining market share because of its low costs, and they're positioned to continue on gaining share.
For 2010, sales are projected to increase by over 50 percent, with consensus estimates they'll grow 11 percent more on top of that in 2011. But with prices no longer dropping, they may perform far better than that.
Volume for Yingli Wednesday soared to far over double the usual 3-month average of just over 3 million, rising to 7,178,121 million on the day.
The solar module supplier has been gaining market share because of its low costs, and they're positioned to continue on gaining share.
For 2010, sales are projected to increase by over 50 percent, with consensus estimates they'll grow 11 percent more on top of that in 2011. But with prices no longer dropping, they may perform far better than that.
Volume for Yingli Wednesday soared to far over double the usual 3-month average of just over 3 million, rising to 7,178,121 million on the day.
Tuesday, August 24, 2010
First Solar (Nasdaq:FSLR), Suntech (NYSE:STP), Yingli (NYSE:YGE), Trina Solar (NYSE:TSL): Long Struggle Ahead
Major public solar energy companies like First Solar (Nasdaq:FSLR), Suntech Power Holdings (NYSE:STP), Yingli Green Energy (NYSE:YGE) and Trina Solar (NYSE:TSL), and their shareholders, are in for a long, difficult journey, as things could get much worse before they get better, if better can even be defined in the current economic environment.
Even when you take these types of politically correct companies and present them in the most positive light, like many commentators like to do, in the end it's one of the last industries you want to be in if you're looking at making money or conserving your capital.
A lot is being made about some of these companies starting to pare down costs, which is a good thing, but they should have been doing this for a long time, as the cost is high and margins low.
That means the wealthier people in the best of times are the consumers of this energy, and when the economy gives a big hiccup like it has been, with little positive outlook in the near future, solar is looked upon as exotic, rather than alternative energy, and those who invest as a support to the industry aren't going to lose their capital in that pursuit.
Even the companies, when they enjoy solid margins, like Yingli did recently, still lost money, as they paid down debt and lost on derivatives.
When you have the growing revenue like these companies have, and they continue to lose money, it's obvious the industry isn't sustainable, and like it or not, everyone needs to take a second look at it, and very carefully at that.
Talk of increased demand is meaningless if the supply of that demand isn't profitable. After all, anyone can sell a product at a loss. How hard is that?
No matter how some supporters want to spin the industry, it's dead in the water right now, and even though most of the above companies are going to push out revenue in an attempt to look like they're growing, the bottom line is still the bottom line, and if they can't do it at a profit, they're in for a long struggle, if they survive at all.
Even when you take these types of politically correct companies and present them in the most positive light, like many commentators like to do, in the end it's one of the last industries you want to be in if you're looking at making money or conserving your capital.
A lot is being made about some of these companies starting to pare down costs, which is a good thing, but they should have been doing this for a long time, as the cost is high and margins low.
That means the wealthier people in the best of times are the consumers of this energy, and when the economy gives a big hiccup like it has been, with little positive outlook in the near future, solar is looked upon as exotic, rather than alternative energy, and those who invest as a support to the industry aren't going to lose their capital in that pursuit.
Even the companies, when they enjoy solid margins, like Yingli did recently, still lost money, as they paid down debt and lost on derivatives.
When you have the growing revenue like these companies have, and they continue to lose money, it's obvious the industry isn't sustainable, and like it or not, everyone needs to take a second look at it, and very carefully at that.
Talk of increased demand is meaningless if the supply of that demand isn't profitable. After all, anyone can sell a product at a loss. How hard is that?
No matter how some supporters want to spin the industry, it's dead in the water right now, and even though most of the above companies are going to push out revenue in an attempt to look like they're growing, the bottom line is still the bottom line, and if they can't do it at a profit, they're in for a long struggle, if they survive at all.
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