Citigroup (NYSE:C) Not Impressed with Yingli (NYSE:YGE)

There has been some mixed reaction to the solar sector recently, and that's the case with Citigroup (NYSE:C) regarding Yingli Green Energy (NYSE:YGE), which has downgraded the company from "Hold" to "Sell," while Jefferies on the other hand said they're maintaining their "Buy" raing on them.

Jefferies reasoning was this: "As the largest and lowest cost vertically integrated c-Si module supplier in a sold-out market, YGE will outperform in 2011 once investors realize that: 1) poly plant depreciation would not dent YGE's earnings power, and 2) German market is not going to collapse."

A lot of analysts disagree with Jefferies, viewing the German market as slowing down.

Jefferies also raised their earnings per share on Yingli as well, increasing it for the full year 2010 to $0.11 to $1.30. For full year 2011, earnings' estimates were retained at $1.81. Revenue for full year 2010 was raised from $1.74 billion to $1.82 billion, and for 2011 from $2.26 billion to $2.27 billion.

Yingli closed Monday at $10.60, dropping by $0.54, or 4.85 percent. Jefferies has a price target of $20 on them. Good luck with that.