JA Solar Holdings, Co.’s (JASO) Sell Rating Reiterated at Axiom Securities
JA Solar Holdings, Co., Ltd. (NASDAQ:JASO)‘s stock had its “sell” rating reissued by equities research analysts at Axiom Securities in a research note issued to investors on Friday.
Several other equities research analysts also recently commented on JASO. Roth Capital set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. JA Solar Holdings, Co. currently has a consensus rating of “Hold” and a consensus target price of $6.50.
JA Solar Holdings, Co. (NASDAQ JASO) traded up 4.46% during trading on Friday, reaching $7.73. 1,587,124 shares of the company were exchanged. The firm has a 50-day moving average of $6.42 and a 200-day moving average of $6.33. The firm has a market cap of $362.24 million, a price-to-earnings ratio of 4.78 and a beta of 1.33. JA Solar Holdings, Co. has a 52-week low of $4.42 and a 52-week high of $7.84.
JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The firm had revenue of $878 million during the quarter, compared to the consensus estimate of $602.53 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 41.8% on a year-over-year basis. On average, equities analysts forecast that JA Solar Holdings, Co. will post $0.84 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of JA Solar Holdings, Co. by 63.6% during the first quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock worth $1,101,000 after acquiring an additional 65,436 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in JA Solar Holdings, Co. during the first quarter worth $622,000. Airain ltd acquired a new position in JA Solar Holdings, Co. during the first quarter worth $307,000. Shelton Capital Management boosted its holdings in JA Solar Holdings, Co. by 100.0% during the first 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 position in JA Solar Holdings, Co. during the second quarter worth $325,000. 25.97% of the stock is owned by 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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