JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, October 24th.
According to Zacks, “JA Solar stands to gain from its geographically advantageous position in spite of China’s trade war with the United States. In fact, the company’s focus on widening its geographical customer base has resulted in incremental international sales. Again, the company’s shift in focus to solar modules from cells is paying off. Moreover, Trump's walk out from the Paris Climate agreement will boost JA Solar's scope. The company's share price outperformed the broader industry in the last year. However, headwinds like anti-dumping policies by the United States and stiff competition in China, might be a serious threat to its profit.”
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of JA Solar Holdings, Co. from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Roth Capital set a $7.00 price target on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Axiom Securities reissued a “hold” rating on shares of JA Solar Holdings, Co. in a research note on Thursday, August 10th. Credit Suisse Group set a $7.00 price target on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, BidaskClub cut shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. JA Solar Holdings, Co. presently has an average rating of “Hold” and a consensus target price of $6.50.
Shares of JA Solar Holdings, Co. (JASO) traded down $0.02 during trading on Tuesday, reaching $7.93. 385,200 shares of the company’s stock traded hands, compared to its average volume of 358,108. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 0.85. The company has a market capitalization of $377.24, a PE ratio of 5.08 and a beta of 1.26. JA Solar Holdings, Co. has a 1 year low of $4.42 and a 1 year high of $8.48.
JA Solar Holdings, Co. (NASDAQ:JASO) last issued its quarterly earnings data on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.37. The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $602.53 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. equities analysts expect that JA Solar Holdings, Co. will post 0.61 EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in JASO. TIAA CREF Investment Management LLC raised its holdings in JA Solar Holdings, Co. by 848.0% in the second quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after purchasing an additional 296,800 shares during the period. JPMorgan Chase & Co. raised its holdings in JA Solar Holdings, Co. by 1,558.4% in the third quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock worth $1,515,000 after purchasing an additional 187,354 shares during the period. Teachers Advisors LLC acquired a new stake in JA Solar Holdings, Co. in the second quarter worth $1,162,000. Virtu KCG Holdings LLC acquired a new stake in JA Solar Holdings, Co. in the second quarter worth $944,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in JA Solar Holdings, Co. in the first quarter worth $622,000. 23.36% of the stock is currently 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.
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