Janney Montgomery Scott is maintaining its Buy rating on YGE following earnings and raising the price target whopping 50 cents to $18.  Hat tip to Street Insider for the following analyst comment:

“Yingli Green Energy reported strong Q4 results (excluding extraordinary items) and gave very bullish 2010 guidance. Given YGE’s ability to achieve its 2009 guidance (despite difficult conditions in the solar market) and the fact that 90% of 2010 shipments are currently under contract, we have confidence that the company will hit its 2010 guidance and have increased our estimates to reflect the shipment, margin, and ASP assumptions in YGE’s guidance. YGE’s stock price opened down considerably this morning, likely the result of some investor skittishness over substantial write-downs in Q4. We view this as a buying opportunity, as we believe that YGE’s status as a low-cost provider of PV modules positions the company very well for 2010, a year that could see significant ASP declines resulting from the mid-year German FiT cut.  For 2010 we are now modeling revenue and EPS of $1.50 billion and $1.15, up from $1.34 billion and $1.00. For 2011 we are now looking for revenue and EPS of $1.75 billion and $1.22, up from $1.60 billion and $1.18.”

Shares recovered a bit but are now sliding back towards the lows of the day.  YGE failed at resistance of the 200 day moving average in February and may be failing here again, setting up a move to support around the 10 area.

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