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Piper Jaffray Reiterates Buy Rating on Yingli Green Energy (YGE) after
Chinese Earthquake
9:08 AM EDT May 12, 2008
Piper Jaffray reiterates their Buy rating on Yingli Green Energy
(NYSE: YGE) after learning the company s Xinguang Plant has been
unaffected by the Sichuan Earthquake in China.
The firm said, "We have spoken with YGE management and the company
noted that Xinguang has not been affected by the earthquake and the
plant is under full operation." Therefore, Piper maintains their Buy
rating and $65 price target.
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