JA Solar Holdings, Co., Ltd. (JASO) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) from a buy rating to a strong-buy rating in a report released on Monday morning.

A number of other brokerages also recently issued reports on JASO. Axiom Securities raised JA Solar Holdings, Co. from a sell rating to a hold rating and set a $7.00 target price for the company in a research note on Wednesday, July 19th. Zacks Investment Research raised JA Solar Holdings, Co. from a hold rating to a buy rating and set a $7.00 target price for the company in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a hold rating in a research note on Tuesday, August 29th. Roth Capital set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a hold rating in a research note on Wednesday, May 24th. Finally, BidaskClub downgraded JA Solar Holdings, Co. from a hold rating to a sell rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $6.50.

JA Solar Holdings, Co. (JASO) traded up 1.33% on Monday, reaching $8.37. 207,247 shares of the company’s stock were exchanged. JA Solar Holdings, Co. has a one year low of $4.42 and a one year high of $8.48. The firm has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.41. The firm has a market cap of $392.23 million, a PE ratio of 5.18 and a beta of 1.33.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.37. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The business had revenue of $878.00 million during the quarter, compared to the consensus estimate of $602.53 million. During the same period last year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts anticipate that JA Solar Holdings, Co. will post $0.84 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of JA Solar Holdings, Co. by 63.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock worth $1,101,000 after purchasing an additional 65,436 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new stake in shares of JA Solar Holdings, Co. during the 1st quarter worth about $622,000. Airain ltd acquired a new stake in shares of JA Solar Holdings, Co. during the 1st quarter worth about $307,000. Shelton Capital Management increased its position in shares of JA Solar Holdings, Co. by 100.0% during the 1st quarter. Shelton Capital Management now owns 100,000 shares of the solar energy provider’s stock worth $654,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of JA Solar Holdings, Co. during the 2nd quarter worth about $325,000. 25.97% of the stock is owned by hedge funds and other institutional investors.

About JA Solar Holdings, Co.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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