ValuEngine downgraded shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) from a strong-buy rating to a buy rating in a report released on Friday.

A number of other equities analysts have also issued reports on JASO. Axiom Securities restated a sell rating on shares of JA Solar Holdings, Co. in a research note on Friday, June 9th. BidaskClub downgraded JA Solar Holdings, Co. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Zacks Investment Research raised JA Solar Holdings, Co. from a sell rating to a hold rating in a research report on Thursday, July 27th. Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the stock a hold rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $7.00 price target on JA Solar Holdings, Co. and gave the stock a hold rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. JA Solar Holdings, Co. currently has an average rating of Hold and a consensus price target of $6.50.

Shares of JA Solar Holdings, Co. (JASO) opened at 7.23 on Friday. JA Solar Holdings, Co. has a one year low of $4.42 and a one year high of $8.48.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.37. The company had revenue of $878.00 million during the quarter, compared to analyst estimates of $602.53 million. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Analysts expect that JA Solar Holdings, Co. will post $0.84 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of JASO. FMR LLC acquired a new stake in shares of JA Solar Holdings, Co. during the 1st quarter valued at about $154,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of JA Solar Holdings, Co. during the 1st quarter valued at about $158,000. Verition Fund Management LLC acquired a new stake in shares of JA Solar Holdings, Co. during the 2nd quarter valued at about $185,000. ClariVest Asset Management LLC grew its position in shares of JA Solar Holdings, Co. by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock valued at $234,000 after acquiring an additional 1,838 shares during the period. Finally, Bank of America Corp DE grew its position in shares of JA Solar Holdings, Co. by 10.5% during the 1st quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after acquiring an additional 3,465 shares during the period. Hedge funds and other institutional investors own 25.91% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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