Zacks Investment Research upgraded shares of JA Solar (NASDAQ:JASO) from a hold rating to a buy rating in a research note issued to investors on Tuesday. They currently have $8.25 price objective on the solar energy provider’s stock.
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. However, headwinds like anti-dumping policies by the United States and stiff competition in China might be a serious threat to its profit.”
A number of other equities research analysts have also weighed in on the company. BidaskClub lowered JA Solar from a hold rating to a sell rating in a research note on Friday, January 5th. Axiom Securities restated a sell rating on shares of JA Solar in a research note on Thursday, November 16th. Finally, ValuEngine upgraded JA Solar from a buy rating to a strong-buy rating in a research note on Monday, October 16th. 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $6.81.
Shares of JA Solar (NASDAQ JASO) traded down $0.07 during mid-day trading on Tuesday, hitting $7.38. The stock had a trading volume of 1,183,683 shares, compared to its average volume of 626,240. JA Solar has a 1-year low of $4.42 and a 1-year high of $8.48. The stock has a market capitalization of $354.51, a price-to-earnings ratio of 4.79 and a beta of 1.27. 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 issued its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $609.78 million. During the same quarter in the previous year, the firm posted $0.13 EPS. JA Solar’s revenue was up 4.5% on a year-over-year basis. equities analysts expect that JA Solar will post 0.65 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in 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 valued at $244,000 after buying an additional 3,600 shares during the last quarter. First Trust Advisors LP boosted its position in JA Solar by 16.5% in the second quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock valued at $266,000 after buying an additional 5,939 shares during the last quarter. AJO LP boosted its position in JA Solar by 3.2% in the second quarter. AJO LP now owns 359,410 shares of the solar energy provider’s stock valued at $2,282,000 after buying an additional 11,292 shares during the last quarter. Advisors Preferred LLC purchased a new stake in JA Solar in the third quarter valued at approximately $101,000. Finally, FMR LLC boosted its position in JA Solar by 89.4% in the second quarter. FMR LLC now owns 44,500 shares of the solar energy provider’s stock valued at $283,000 after buying an additional 21,000 shares during the last quarter. 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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