Axiom Securities Reaffirms Sell Rating for JA Solar Holdings, Co., Ltd. (JASO)
A number of other analysts also recently commented on JASO. Roth Capital set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a hold rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded JA Solar Holdings, Co. from a sell rating to a hold rating in a research report on Thursday, July 27th. BidaskClub downgraded JA Solar Holdings, Co. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a hold rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $6.50.
JA Solar Holdings, Co. (JASO) opened at 7.73 on Friday. The company has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.33. The firm has a market capitalization of $362.24 million, a P/E ratio of 4.78 and a beta of 1.33. JA Solar Holdings, Co. has a 1-year low of $4.42 and a 1-year high of $7.84.
JA Solar Holdings, Co. (NASDAQ:JASO) last posted its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.37. The company had revenue of $878 million for the quarter, compared to the consensus estimate of $602.53 million. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. JA Solar Holdings, Co.’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Analysts expect that JA Solar Holdings, Co. will post $0.84 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in JASO. Teza Capital Management LLC acquired a new position in shares of JA Solar Holdings, Co. in the first quarter worth $122,000. FMR LLC acquired a new position in shares of JA Solar Holdings, Co. in the first quarter worth $154,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of JA Solar Holdings, Co. in the first quarter worth $158,000. Verition Fund Management LLC acquired a new position in shares of JA Solar Holdings, Co. in the second quarter worth $185,000. Finally, ClariVest Asset Management LLC raised its holdings in shares of JA Solar Holdings, Co. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock worth $234,000 after acquiring an additional 1,838 shares during the last quarter. 25.97% of the stock is owned by institutional investors.
JA Solar Holdings, Co. 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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