JA Solar (JASO) Downgraded by BidaskClub to Sell
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.
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.
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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.
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