JA Solar Holdings Co. (JASO) Releases Earnings Results
JA Solar Holdings Co. (NASDAQ:JASO) announced its quarterly earnings data on Thursday. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. The company had revenue of $624.30 million for the quarter, compared to the consensus estimate of $591.02 million. During the same period in the prior year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.
JA Solar Holdings (NASDAQ:JASO) opened at 5.60 on Friday. JA Solar Holdings has a one year low of $5.33 and a one year high of $10.09. The stock has a 50 day moving average of $6.07 and a 200 day moving average of $6.95.
A number of brokerages have commented on JASO. Credit Suisse Group AG set a $9.70 price objective on shares of JA Solar Holdings and gave the company a “hold” rating in a research report on Thursday, August 18th. Axiom Securities downgraded shares of JA Solar Holdings from a “buy” rating to a “sell” rating in a research report on Friday, November 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.62.
A number of hedge funds and other institutional investors have recently made changes to their positions in JASO. BlackRock Group LTD boosted its position in shares of JA Solar Holdings by 2,362.3% in the second quarter. BlackRock Group LTD now owns 194,670 shares of the company’s stock worth $1,333,000 after buying an additional 186,764 shares during the period. BlackRock Fund Advisors raised its stake in JA Solar Holdings by 12,759.7% in the second quarter. BlackRock Fund Advisors now owns 315,063 shares of the company’s stock worth $2,158,000 after buying an additional 312,613 shares in the last quarter. Prudential Financial Inc. raised its stake in JA Solar Holdings by 3.9% in the second quarter. Prudential Financial Inc. now owns 835,900 shares of the company’s stock worth $5,726,000 after buying an additional 31,400 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in JA Solar Holdings by 98.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,454 shares of the company’s stock worth $351,000 after buying an additional 21,036 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in JA Solar Holdings during the second quarter worth about $4,383,000. 32.13% of the stock is currently owned by hedge funds and other institutional investors.
About JA Solar Holdings
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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