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YINGLI GREEN ENERGY HOLDING CO (YGE) [hlAlert]

Rating:
Underweight
YGE
down 8.71 %

YINGLI GREEN ENERGY HOLDING CO (YGE) downgraded to Underweight with price target $8.10 by HSBC Securities

Posted on: Tuesday,  Nov 23, 2010  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight YINGLI GREEN ENERGY HOLDING CO (NYSE: YGE) on 11/23/2010. Previously HSBC Securities rated Overweight YINGLI GREEN ENERGY HOLDING CO (NYSE:
YGE) on 08/21/2009., when the stock price was $11.36. Since then, YINGLI GREEN ENERGY HOLDING CO has lost 8.71% as of 11/23/2010's recent price of $10.37.
If you would have followed the previous HSBC Securities's recommendation on YGE, you would have lost 8.71% of your investment in 459 days.

Yingli Green Energy Holding Company Limited is a leading vertically integrated manufacturer of photovoltaic products in China. Yingli was incorporated in the Cayman Islands in August and operates through its principal operating subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd. or Tianwei Yingli, based in Baoding, Hebei Province, eighty five kilometers south of Beijing. When Yingli Green Energy began production of polysilicon wafers, its annual production capacity has expanded from three megawatts of PV modules to ninety five megawatts of polysilicon ingots and wafers, ninety megawatts of photovoltaic, or PV, cells and hundred megawatts of PV modules.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/23/2010 8:25 AM Sell
None
10.37 8.10
as of 12/31/2010
1 Week down  -12.17 %
1 Month down  -15.02 %
3 Months down  -34.32 %
1 YTD down  -43.65 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2009 8:25 AM Buy
None
11.36 16.00

(*) Stock Price at the time of the recommendation.
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