JA Solar (NASDAQ:JASO) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, December 20th.
Several other equities analysts have also weighed in on the company. Zacks Investment Research raised JA Solar from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Monday, December 18th. Axiom Securities reissued a “sell” rating on shares of JA Solar in a report on Thursday, November 16th. ValuEngine raised JA Solar from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Finally, Credit Suisse Group set a $7.00 price objective on JA Solar and gave the company a “hold” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company 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 Wednesday, hitting $7.45. The company had a trading volume of 1,334,506 shares, compared to its average volume of 951,238. JA Solar has a one year low of $4.42 and a one year high of $8.48. The stock has a market capitalization of $356.23, a P/E ratio of 4.52 and a beta of 1.27. The company has a quick ratio of 0.70, a current ratio of 1.03 and a debt-to-equity ratio of 0.29.
JA Solar (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share for the quarter, missing the 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 firm had revenue of $652.60 million for the quarter, compared to the consensus estimate of $609.78 million. During the same period last year, the company posted $0.13 earnings per share. JA Solar’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts anticipate that JA Solar will post 0.65 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC bought a new position in shares of JA Solar in the third quarter worth $101,000. Verition Fund Management LLC bought a new position in shares of JA Solar in the second quarter worth $185,000. Cubist Systematic Strategies LLC bought a new position in shares of JA Solar in the third quarter worth $194,000. Bank of America Corp DE boosted its holdings in shares of JA Solar by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock worth $239,000 after acquiring an additional 3,465 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of JA Solar by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock worth $244,000 after acquiring an additional 3,600 shares during the period. 30.87% of the stock is owned by hedge funds and other institutional investors.
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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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