JA Solar (JASO) Downgraded by Zacks Investment Research to “Hold”

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

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. All these may have led the company to outperform the broader industry in last one year. On the flip side, apart from dealing with the anti-dumping policy in the U.S., JA Solar has to face cut-throat competition from its domestic peers. The fierce competition between Chinese solar companies sometimes leaves them with a feeble margin.”

JASO has been the subject of a number of other research reports. ValuEngine lowered JA Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. BidaskClub lowered JA Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, Axiom Securities restated a “sell” rating on shares of JA Solar in a research report on Thursday, November 16th. Two equities research 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 a consensus price target of $6.81.

Shares of JA Solar (NASDAQ JASO) traded down $0.07 on Tuesday, hitting $7.38. The stock had a trading volume of 1,183,600 shares, compared to its average volume of 977,056. The firm has a market cap of $351.18, a price-to-earnings ratio of 4.79 and a beta of 1.27. 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 one year low of $4.42 and a one year high of $8.48.

JA Solar (NASDAQ:JASO) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $609.78 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. sell-side analysts forecast that JA Solar will post 0.65 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in JASO. Advisors Preferred LLC acquired a new position in JA Solar during the 3rd quarter worth $101,000. Boothbay Fund Management LLC acquired a new position in JA Solar during the 1st quarter worth $102,000. Ellington Management Group LLC acquired a new position in JA Solar during the 4th quarter worth $102,000. Bank of Montreal Can acquired a new position in JA Solar during the 2nd quarter worth $109,000. Finally, Teza Capital Management LLC acquired a new position in JA Solar during the 1st quarter worth $122,000. Institutional investors and hedge funds own 30.87% 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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