Yingli Green Energy (YGE) NewsBite - YGE Rises on Positive Earnings
Posted: Friday, November 13, 2009 10:08 AM EDT
By: Market Intelligence Center Staff
Yingli Green Energy (NYSE: YGE) opened at $.00. So far today, the stock has hit a low of $.00 and a high of $.00. YGE is now trading at $12.45, up $0.42 (3.49%). Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $16.35. YGE reported earnings this morning, posting an adjusted third-quarter profit of 18 cents per share on revenue of $326 million, beating analysts' forecasts of 17 cents per share. Technical indicators for the stock are neutral 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 January out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Yingli Green Energy (YGE) Stock ReportSee what our analysts have uncovered about Yingli Green Energy (YGE).
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