JA Solar (NASDAQ:JASO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. ValuEngine downgraded JA Solar from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research upgraded JA Solar from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Friday, August 25th. Credit Suisse Group set a $7.00 price target on JA Solar and gave the company a “hold” rating in a report on Tuesday, August 29th. Roth Capital set a $7.00 target price on JA Solar and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Finally, Axiom Securities restated a “hold” rating on shares of JA Solar in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.50.

Shares of JA Solar (NASDAQ:JASO) traded up $0.06 during midday trading on Wednesday, reaching $7.43. The company’s stock had a trading volume of 443,799 shares, compared to its average volume of 688,031. JA Solar has a 1-year low of $4.42 and a 1-year high of $8.48. The company has a market cap of $353.56, a price-to-earnings ratio of 4.82 and a beta of 1.26. The company has a current ratio of 1.03, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29.

JA Solar (NASDAQ:JASO) last announced its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). JA Solar had a net margin of 2.84% and a return on equity of 7.73%. The company had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $609.78 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. equities research analysts anticipate that JA Solar will post 0.65 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. AJO LP grew its stake in JA Solar by 3.2% during the 2nd quarter. AJO LP now owns 359,410 shares of the solar energy provider’s stock valued at $2,282,000 after purchasing an additional 11,292 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of JA Solar by 848.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after buying an additional 296,800 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of JA Solar by 1,558.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock valued at $1,515,000 after buying an additional 187,354 shares during the period. Teachers Advisors LLC acquired a new position in shares of JA Solar in the 2nd quarter valued at about $1,162,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of JA Solar by 63.6% in 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 during the period. Institutional investors and hedge funds own 31.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “JA Solar (JASO) Downgraded by BidaskClub to Sell” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/10/ja-solar-jaso-downgraded-by-bidaskclub-to-sell.html.

About JA Solar

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.