JA Solar (JASO) Stock Rating Lowered by Zacks Investment Research

JA Solar (NASDAQ:JASO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “JA Solar stands to gain from its geographically advantageous position in spite of trade war between China and the United States. The company's focus on widening its geographical customer base has also resulted in incremental international sales. In fact, the company’s shift in focus to solar modules from cells is paying off. Moreover, Trump's walk out from the Paris Climate agreement is anticipated to  boost JA Solar's scope in the near term. So far this year, the company's share price outperformed the broader industry. However, headwinds like anti-dumping policies by the United States and stiff competition in China might be a serious threat to its profit. Earlier, depreciation in Japanese Yen has hampered JA Solar's business through reduced average selling price of its solar products.”

A number of other equities research analysts also recently issued reports on JASO. BidaskClub downgraded shares of JA Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Roth Capital set a $7.00 price objective on shares of JA Solar and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Axiom Securities reiterated a “sell” rating and set a $5.00 price objective (down from $7.00) on shares of JA Solar in a research note on Thursday, August 24th. ValuEngine downgraded shares of JA Solar from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group set a $7.00 price objective on shares of JA Solar and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.50.

JA Solar (NASDAQ:JASO) traded up $0.04 during trading hours on Friday, reaching $7.35. 302,200 shares of the company were exchanged, compared to its average volume of 535,132. The company has a market capitalization of $347.85, a price-to-earnings ratio of 4.75 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 has a 1-year low of $4.42 and a 1-year high of $8.48.

JA Solar (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $652.60 million for the quarter, compared to analyst estimates of $609.78 million. JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. analysts anticipate that JA Solar will post 0.65 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. AJO LP boosted its stake in shares of JA Solar by 3.2% in 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 in the last quarter. TIAA CREF Investment Management LLC boosted its stake 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 purchasing an additional 296,800 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 187,354 shares in the last quarter. Teachers Advisors LLC acquired a new stake in shares of JA Solar in the 2nd quarter valued at approximately $1,162,000. Finally, Shelton Capital Management boosted its stake in shares of JA Solar by 55.0% in the 2nd quarter. Shelton Capital Management now owns 155,000 shares of the solar energy provider’s stock valued at $984,000 after purchasing an additional 55,000 shares in the last quarter. Institutional investors own 31.18% of the company’s stock.

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JA Solar Company Profile

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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