Yingli Green Energy (NYSE: YGE) NewsBite - YGE Lifted by Competitors Earnings

Posted: Tuesday, August 18, 2009 11:06 AM EDT

Yingli Green Energy (NYSE: YGE) opened at $12.17. So far today, the stock has hit a low of $11.88 and a high of $12.47. YGE is now trading at $11.95, up $.31 (2.66%). The stock hit its 52-Week high of $18.39 in August of last year and set its 52-Week low of $2.50 in November. YGE is rising today after competitor Trina Solar (TSL) reported Q2 earnings yesterday evening that beat estimates. YGE is set to report its Q2 results tomorrow morning before the open. Technical indicators for the stock are and S&P does not currently have a STARS rating for YGE. If you are looking for a hedged play on YGE the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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