Shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.00.

A number of equities research analysts recently weighed in on JASO shares. Axiom Securities raised JA Solar Holdings, Co. from a “sell” rating to a “hold” rating and set a $7.00 target price on the stock in a research report 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 on the stock in a research report on Friday, August 25th. ValuEngine raised JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Credit Suisse Group set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 price objective on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Wednesday, August 23rd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JASO. TIAA CREF Investment Management LLC boosted its holdings in JA Solar Holdings, Co. by 848.0% during the second quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after purchasing an additional 296,800 shares in the last quarter. Teachers Advisors LLC acquired a new stake in JA Solar Holdings, Co. during the second quarter valued at approximately $1,162,000. Virtu KCG Holdings LLC acquired a new stake in JA Solar Holdings, Co. during the second quarter valued at approximately $944,000. Parametric Portfolio Associates LLC acquired a new stake in JA Solar Holdings, Co. during the first quarter valued at approximately $622,000. Finally, California Public Employees Retirement System boosted its holdings in JA Solar Holdings, Co. by 25.3% during the first quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock valued at $2,514,000 after purchasing an additional 77,700 shares in the last quarter. 25.91% of the stock is currently owned by institutional investors.

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JA Solar Holdings, Co. (NASDAQ JASO) opened at 7.26 on Friday. JA Solar Holdings, Co. has a 12-month low of $4.42 and a 12-month high of $8.48.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share 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 for the quarter, compared to the consensus estimate of $602.53 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, analysts anticipate that JA Solar Holdings, Co. will post $0.84 EPS for the current fiscal year.

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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