JA Solar (JASO) Rating Lowered to Sell at BidaskClub

JA Solar (NASDAQ:JASO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other research firms have also issued reports on JASO. ValuEngine upgraded JA Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Axiom Securities reiterated a “sell” rating on shares of JA Solar in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded JA Solar from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.81.

JA Solar (NASDAQ JASO) traded up $0.01 during trading on Friday, hitting $7.42. The stock had a trading volume of 499,690 shares, compared to its average volume of 535,775. The firm has a market cap of $353.12, a price-to-earnings ratio of 4.50 and a beta of 1.27. JA Solar has a 52 week low of $4.42 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70.

JA Solar (NASDAQ:JASO) last posted its earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The company 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%. JA Solar’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. equities research analysts expect that JA Solar will post 0.65 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC acquired a new position in shares of JA Solar in the 3rd quarter valued at approximately $101,000. Verition Fund Management LLC acquired a new position in shares of JA Solar in the 2nd quarter valued at approximately $185,000. Cubist Systematic Strategies LLC acquired a new position in shares of JA Solar in the 3rd quarter valued at approximately $194,000. Public Employees Retirement System of Ohio grew its position in shares of JA Solar by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after purchasing an additional 3,600 shares during the period. Finally, First Trust Advisors LP grew its position in shares of JA Solar by 16.5% in the 2nd quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock valued at $266,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds own 30.87% 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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