JA Solar Holdings Co. (JASO) Now Covered by Credit Suisse Group AG
Equities research analysts at Credit Suisse Group AG assumed coverage on shares of JA Solar Holdings Co. (NASDAQ:JASO) in a research report issued on Monday. The brokerage set a “neutral” rating on the stock.
Separately, Axiom Securities upgraded shares of JA Solar Holdings from a “sell” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. JA Solar Holdings presently has an average rating of “Hold” and an average target price of $9.62.
JA Solar Holdings (NASDAQ:JASO) opened at 5.51 on Monday. JA Solar Holdings has a 12-month low of $5.33 and a 12-month high of $10.09. The company has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.
JA Solar Holdings (NASDAQ:JASO) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.38. The company had revenue of $619 million for the quarter. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. During the same quarter in the prior year, the business posted $0.27 EPS. Equities research analysts forecast that JA Solar Holdings will post $0.82 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new position in JA Solar Holdings during the first quarter valued at approximately $102,000. Bank of Montreal Can acquired a new position in JA Solar Holdings during the second quarter valued at approximately $109,000. Jane Street Group LLC raised its position in JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock valued at $129,000 after buying an additional 6,746 shares in the last quarter. KCG Holdings Inc. raised its position in JA Solar Holdings by 97.1% in the third quarter. KCG Holdings Inc. now owns 21,512 shares of the company’s stock valued at $129,000 after buying an additional 10,598 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock valued at $138,000 after buying an additional 9,900 shares in the last quarter. 32.13% of the stock is currently owned by institutional investors.
JA Solar Holdings 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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