Maxim Maintains Yingli Green Energy Hold, Lowers PT

Maxim maintained its Yingli Green Energy YGE Hold rating and lowered its Yingli Green Energy price target from $8 to $6 in a research report published today. In the report, Maxim states, "Also not to be lost amidst the pricing and margin compression is the quandary YGE faces with its internal poly production. With production costs of $60-65 higher than spot prices of $50-55, YGE must either suspend internal production or operate it at an effective loss." Shares of Yingli Green Energy were trading at $5.25 at the time of posting, down 6.75% from Thursday's market close.