California Public Employees Retirement System decreased its position in shares of Yingli Green Energy Holding Co Ltd (NYSE:YGE) by 74.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,330 shares of the solar energy provider’s stock after selling 155,019 shares during the period. California Public Employees Retirement System owned 0.29% of Yingli Green Energy worth $121,000 at the end of the most recent quarter.
Separately, Profund Advisors LLC raised its stake in Yingli Green Energy by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock worth $119,000 after acquiring an additional 2,565 shares during the period. 3.36% of the stock is owned by institutional investors.
YGE has been the topic of a number of recent analyst reports. Axiom Securities restated a “sell” rating on shares of Yingli Green Energy in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Yingli Green Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.
Yingli Green Energy (NYSE:YGE) last released its quarterly earnings data on Tuesday, September 19th. The solar energy provider reported ($2.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.05) by ($0.35). The firm had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $415.00 million. During the same quarter in the prior year, the firm posted $0.09 EPS. analysts anticipate that Yingli Green Energy Holding Co Ltd will post -8.91 earnings per share for the current fiscal year.
Yingli Green Energy Company Profile
Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs.
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