JA Solar (NASDAQ:JASO) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, December 20th.
Several other research firms have also issued reports on JASO. Zacks Investment Research upgraded JA Solar from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Friday, August 25th. ValuEngine upgraded JA Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Credit Suisse Group set a $7.00 target price on JA Solar and gave the stock a “hold” rating in a report on Tuesday, August 29th. Axiom Securities reiterated a “sell” rating on shares of JA Solar in a report on Friday, September 8th. Finally, Roth Capital set a $7.00 target price on JA Solar and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. JA Solar has an average rating of “Hold” and a consensus target price of $6.81.
JA Solar (NASDAQ:JASO) traded down $0.07 during mid-day trading on Wednesday, reaching $7.38. The company had a trading volume of 1,183,700 shares, compared to its average volume of 658,985. The firm has a market cap of $351.71, a PE ratio of 4.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70. JA Solar has a 12-month low of $4.42 and a 12-month high of $8.48.
JA Solar (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). JA Solar had a net margin of 2.84% and a return on equity of 7.73%. The firm had revenue of $652.60 million during the quarter, compared to the consensus estimate of $609.78 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. equities research analysts forecast that JA Solar will post 0.65 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in JASO. Advisors Preferred LLC acquired a new stake in shares of JA Solar in the third quarter valued at about $101,000. Verition Fund Management LLC acquired a new stake in shares of JA Solar in the second quarter valued at about $185,000. Cubist Systematic Strategies LLC acquired a new stake in shares of JA Solar in the third quarter valued at about $194,000. Bank of America Corp DE increased its position in shares of JA Solar by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after acquiring an additional 3,465 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of JA Solar by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after acquiring an additional 3,600 shares during the last quarter. 30.87% of the stock is currently owned by institutional investors and hedge funds.
JA Solar Company Profile
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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