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.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/19/ja-solar-holdings-co-ltd-jaso-lifted-to-hold-at-axiom-securities.html.

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.

Receive News & Ratings for JA Solar Holdings Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JA Solar Holdings Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.