JA Solar (JASO) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of JA Solar (NASDAQ:JASO) from a hold rating to a buy rating in a research note released on Monday, December 18th. They currently have $8.25 price target 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. 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.”

Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of JA Solar from a hold rating to a sell rating in a report on Wednesday, December 6th. Axiom Securities restated a sell rating on shares of JA Solar in a report on Thursday, November 16th. ValuEngine upgraded JA Solar from a buy rating to a strong-buy rating in a research report on Monday, October 16th. Credit Suisse Group set a $7.00 target price on JA Solar and gave the company a hold rating in a research report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 target price on JA Solar and gave the company a hold rating in a research report on Wednesday, August 23rd. 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 stock. The company presently has a consensus rating of Hold and an average target price of $6.81.

Shares of JA Solar (JASO) opened at $7.38 on Monday. The stock has a market cap of $351.71, a price-to-earnings ratio of 4.47 and a beta of 1.27. JA Solar has a one year low of $4.42 and a one year high of $8.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.03.

JA Solar (NASDAQ:JASO) last announced its earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $652.60 million during the quarter, compared to the consensus estimate of $609.78 million. JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. sell-side analysts predict that JA Solar will post 0.65 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new position in shares of JA Solar during the 3rd quarter valued at approximately $101,000. Cubist Systematic Strategies LLC acquired a new position in JA Solar in the 3rd quarter valued at $194,000. Verition Fund Management LLC acquired a new position in JA Solar in the 2nd quarter valued at $185,000. Bank of America Corp DE raised its stake in JA Solar by 10.5% in the 1st quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after purchasing an additional 3,465 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in 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 last quarter. Hedge funds and other institutional investors 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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