Auriga maintains its bullish stance on Yingli Green Energy (YGE) following its earnings report a few days ago and is raising the price target a bit from $17 to $18 which is about 50% higher than current levels.

The firm notes that strength from Italy and Germany should lead to better than expected module price declines and that returns on solar projects will remain solid.

Shares of YGE have pulled back the past two days, offering a much better entry point.  I’d like to see it come in a bit more though and think overall, solar stocks are now in a mini correction/digestion phase.  Keep an eye on the solar leaders such as YGE and be ready to pull the trigger.

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