JA Solar Holdings, Co., Ltd. (JASO) Lifted to “Hold” at Axiom Securities
JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was upgraded by analysts at Axiom Securities from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also commented on the stock. 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 report on Wednesday, May 24th. Zacks Investment Research lowered shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Monday, May 29th. Finally, BidaskClub lowered shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. JA Solar Holdings, Co. presently has an average rating of “Hold” and a consensus target price of $7.67.
Shares of JA Solar Holdings, Co. (JASO) opened at 6.38 on Wednesday. JA Solar Holdings, Co. has a 12-month low of $4.42 and a 12-month high of $8.15.
JA Solar Holdings, Co. (NASDAQ:JASO) last posted its earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. JA Solar Holdings, Co. had a return on equity of 7.73% and a net margin of 3.41%. The firm had revenue of $536.40 million for the quarter, compared to analyst estimates of $490.84 million. During the same quarter in the prior year, the company earned $0.36 EPS. JA Solar Holdings, Co.’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that JA Solar Holdings, Co. will post $0.02 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP purchased a new stake in JA Solar Holdings, Co. during the fourth quarter valued at about $764,000. Russell Investments Group Ltd. bought a new position in shares of JA Solar Holdings, Co. during the fourth quarter worth $1,727,000. Renaissance Technologies LLC bought a new position in shares of JA Solar Holdings, Co. during the fourth quarter worth $896,000. Shah Capital Management increased its position in shares of JA Solar Holdings, Co. by 18.2% in the first quarter. Shah Capital Management now owns 1,350,150 shares of the solar energy provider’s stock worth $8,829,000 after buying an additional 208,040 shares during the period. Finally, Airain ltd bought a new position in shares of JA Solar Holdings, Co. during the first quarter worth $307,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.
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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