Zacks Investment Research Upgrades JA Solar (JASO) to Buy

Zacks Investment Research upgraded shares of JA Solar (NASDAQ:JASO) from a hold rating to a buy rating in a report issued on Tuesday, January 9th. Zacks Investment Research currently has $8.25 target price 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.”

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of JA Solar from a hold rating to a sell rating in a research note on Friday, January 5th. ValuEngine raised shares of JA Solar from a buy rating to a strong-buy rating in a research note on Monday, October 16th. Finally, Axiom Securities reiterated a sell rating on shares of JA Solar in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. JA Solar presently has a consensus rating of Hold and a consensus target price of $6.81.

Shares of JA Solar (NASDAQ JASO) opened at $7.66 on Tuesday. JA Solar has a one year low of $4.56 and a one year high of $8.48. The stock has a market cap of $364.50, a price-to-earnings ratio of 4.97 and a beta of 1.03. 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 earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $609.78 million. During the same period last 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. equities analysts expect that JA Solar will post 0.65 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guinness Asset Management Ltd raised its holdings in JA Solar by 1.7% in the 4th 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 period. Bank of Montreal Can raised its holdings in JA Solar by 136.5% in the 4th quarter. Bank of Montreal Can now owns 93,065 shares of the solar energy provider’s stock valued at $694,000 after buying an additional 53,720 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in JA Solar in the 3rd quarter valued at about $194,000. Schroder Investment Management Group purchased a new stake in JA Solar in the 3rd quarter valued at about $354,000. Finally, Trexquant Investment LP purchased a new stake in JA Solar in the 3rd quarter valued at about $432,000. Institutional investors and hedge funds 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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