JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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.”

Several other analysts have also recently weighed in on the company. Credit Suisse Group set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Tuesday, August 29th. ValuEngine raised JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a report on Monday, September 11th. Axiom Securities reaffirmed a “sell” rating on shares of JA Solar Holdings, Co. in a report on Friday, September 8th. BidaskClub cut JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. JA Solar Holdings, Co. has an average rating of “Hold” and an average price target of $6.50.

Shares of JA Solar Holdings, Co. (JASO) traded up 1.75% on Tuesday, reaching $7.55. The company’s stock had a trading volume of 131,682 shares. The firm’s 50-day moving average price is $7.60 and its 200-day moving average price is $6.83. JA Solar Holdings, Co. has a 12 month low of $4.42 and a 12 month high of $8.48. The stock has a market cap of $353.81 million, a P/E ratio of 4.56 and a beta of 1.40.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $602.53 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was up 41.8% compared to the same quarter last year. On average, analysts forecast that JA Solar Holdings, Co. will post $0.84 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in JASO. Parametric Portfolio Associates LLC purchased a new position in shares of JA Solar Holdings, Co. during the 1st quarter valued at about $622,000. FMR LLC purchased a new position in shares of JA Solar Holdings, Co. during the 1st quarter valued at about $154,000. California Public Employees Retirement System raised its holdings in shares of JA Solar Holdings, Co. by 25.3% during the 1st quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock valued at $2,514,000 after buying an additional 77,700 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JA Solar Holdings, Co. by 10.5% during the 1st quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after buying an additional 3,465 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of JA Solar Holdings, Co. by 63.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock valued at $1,101,000 after buying an additional 65,436 shares in the last quarter. 23.35% of the stock is currently 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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