Yingli Green Energy (YGE) NewsBite - YGE Rises on Competitor Upgrade

Posted: Thursday, September 17, 2009 11:43 AM EDT

Yingli Green Energy (NYSE: YGE) opened at $14.06. So far today, the stock has hit a low of $13.95 and a high of $14.77. YGE is now trading at $14.47, up $0.59 (4.25%). Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $16.35. YGE shares are rising after analysts at Collins Stewart upgraded competitor Canadian Solar Inc. (CSIQ) to Buy from Hold. This could be a good sign for YGE. Technical indicators for the stock are bearish 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 December out-of-the-money bear-call credit spread above the 11 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (YGE) (CSIQ)