OTCPK:YGEHY - Post by User
Post by
vforvalueon Apr 19, 2008 10:18pm
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Post# 14989077
Alpha
AlphaPiper Jaffray adds Yingli Energy (NYSE:
YGE) to its Alpha List with a Buy rating and $65 price target.
The firm cites Spanish solar installers as saying "Yingli modules arethe highest quality modules from China." Piper believes Yingli is fullycovered for poly throughout 2008 and should increase its poly supplycoverage for 2009 from 30% to 60% in the near-term, possiblyrepresenting a potential positive catalyst.
Piper Jaffray's $65 price target on Yingli represents a potential gain of 223% from current levels around $20.
- April 3rd right after sales deal with the two Korean firms