JA Solar (JASO) Rating Lowered to Hold at Zacks Investment Research

JA Solar (NASDAQ:JASO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, January 8th.

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. Moreover, the Japanese yen has depreciated significantly against RMB in the past, negatively impacting JA Solar’s business. Any more such depreciation might hurt the stock's growth. Moreover, the company's share price underperformed the broader industry in last one year.”

Several other brokerages have also recently issued reports on JASO. BidaskClub cut JA Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine upgraded JA Solar from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 11th. Finally, Axiom Securities restated a “sell” rating on shares of JA Solar in a research note 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 given a strong buy rating to the company. JA Solar has a consensus rating of “Hold” and a consensus target price of $6.81.

JA Solar (NASDAQ JASO) opened at $7.66 on Monday. The firm has a market capitalization of $358.79, a PE ratio of 4.97 and a beta of 1.03. 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 has a 52-week low of $4.56 and a 52-week high of $8.48.

JA Solar (NASDAQ:JASO) last released its earnings results 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). The firm had revenue of $652.60 million during the quarter, compared to analyst estimates of $609.78 million. JA Solar had a net margin of 2.84% and a return on equity of 7.73%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. equities research analysts anticipate that JA Solar will post 0.65 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Guinness Asset Management Ltd lifted its stake in JA Solar by 1.7% in the fourth quarter. Guinness Asset Management Ltd now owns 408,948 shares of the solar energy provider’s stock valued at $3,051,000 after buying an additional 6,800 shares during the last quarter. AJO LP lifted its stake 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. TIAA CREF Investment Management LLC lifted its stake in JA Solar by 848.0% in the second quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after buying an additional 296,800 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in JA Solar by 1,558.4% in the third quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock valued at $1,515,000 after buying an additional 187,354 shares during the last quarter. Finally, Teachers Advisors LLC purchased a new stake in JA Solar in the second quarter valued at approximately $1,162,000. Institutional investors own 30.97% 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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