By late morning, shares had taken off 4.3% to $5.13.
On Tuesday, the China-based solar energy developer reported an adjusted net loss of $47.9 million, or 31 cents a share, in the three months to December. Revenue climbed 31.6% year over year to $613 million.
However, analysts surveyed by Thomson Reuters had forecast a per-share loss of 17 cents and revenue of $651.55 million.Following the results, Bank of America cut shares to "neutral" and Credit Suisse downgraded to "underperform." Must Read: Warren Buffett's 10 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates YINGLI GREEN ENERGY HLDGS CO as a Sell with a ratings score of D. The team has this to say about their recommendation: "We rate YINGLI GREEN ENERGY HLDGS CO (YGE) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins."
- You can view the full analysis from the report here: YGE Ratings Report
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