BofA-Merrill Lynch downgraded Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) to “neutral” from “buy,” while Deutsche Bank cut its price target to $8 from $10, after the shares plunged 8.3% yesterday on relatively lousyfourth-quarter earnings results. Elsewhere, the average 12-month price target among analysts comes in at $7.36, denoting a 36% premium to the shares’ current price of $5.36. Ratings-wise, Yingli Green Energy Hold. Co. Ltd. (ADR) has received only two “strong buy” endorsements and two “hold” suggestions. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares after opening at $5.33 moved to $5.36 on last trade day and at the end of the day closed at $5.03. Company price to sales ratio in past twelve months was calculated as 0.38 and price to cash ratio as 1.78.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) showed a negative weekly performance of -12.82%.
Equities research analysts at Pacific Crest started coverage on shares of FireEye (NASDAQ:FEYE) in a research note issued to investors on Thursday, AR Network reports. The firm set a “sector perform” rating on the stock.FireEye Inc (NASDAQ:FEYE) shares fell -6.01% in last trading session and ended the day on $67.20. FEYE return on equity ratio is recorded as -38.90% and its return on assets is -22.80%.
SouFun Holdings Ltd. (SFUN) announced that it will change the ratio of its American Depositary Receipts representing Class A ordinary shares from one (1) American depositary share (“ADS”) for one (1) Class A ordinary shares to five (5) ADS for one (1) Class A ordinary share. The company operates the leading real estate Internet portal in China in terms of the number of page views and visitors to our websites in 2013.SouFun Holdings Ltd (NYSE:SFUN) shares moved down -8.95% in last trading session and was closed at $75.40, while trading in range of $74.76-$81.93. SouFun Holdings Ltd (NYSE:SFUN) year to date performance is -8.51%.
American Superconductor Corporation (NASDAQ:AMSC) announced a series of strategic operational initiatives designed to better capitalize on emerging opportunities in the wind and grid businesses. These measures include consolidation of the Company’s U.S. grid manufacturing and product development program and diversification of its international wind power manufacturing operations. Separate from these steps, AMSC expects that, exclusive of proceeds, if any, from sales of stock under the Company’s At-the-Market facility, it will be net cash flow positive for the fourth quarter of fiscal 2013 ending March 31, 2014, driven primarily by cash generated from working capital. AMSC believes that it must grow revenue beyond current levels to achieve sustainable positive cash flows. American Superconductor Corporation (NASDAQ:AMSC) weekly performance is -7.98%. On last trading day company shares ended up $1.96. American Superconductor Corporation (NASDAQ:AMSC) distance from 50-day simple moving average is 9.31%. Analysts mean target price for the company is $2.00.