JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) shares shot up 8.6% on Friday . The stock traded as high as $7.45 and last traded at $7.45. 1,134,849 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 527,579 shares. The stock had previously closed at $6.86.

JASO has been the subject of several recent research reports. Axiom Securities reiterated a “sell” rating and set a $5.00 target price (down previously from $7.00) on shares of JA Solar Holdings, Co. in a research report on Thursday, August 24th. ValuEngine cut shares of JA Solar Holdings, Co. from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of 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 target price on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.50.

The stock has a market cap of $354.40, a price-to-earnings ratio of 4.84 and a beta of 1.26. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29.

JA Solar Holdings, Co. (NASDAQ:JASO) last announced its quarterly 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 Holdings, Co. had a net margin of 2.84% and a return on equity of 7.73%. The firm had revenue of $652.60 million during the quarter, compared to analyst estimates of $609.78 million. During the same period last year, the firm earned $0.13 EPS. JA Solar Holdings, Co.’s quarterly revenue was up 4.5% on a year-over-year basis. research analysts anticipate that JA Solar Holdings, Co., Ltd. will post 0.65 EPS for the current year.

Several hedge funds have recently made changes to their positions in JASO. TIAA CREF Investment Management LLC grew its holdings in shares of JA Solar Holdings, Co. by 848.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after buying an additional 296,800 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of JA Solar Holdings, Co. by 1,558.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock valued at $1,515,000 after buying an additional 187,354 shares during the period. Teachers Advisors LLC acquired a new position in shares of JA Solar Holdings, Co. in the 2nd quarter valued at $1,162,000. Virtu KCG Holdings LLC acquired a new position in shares of JA Solar Holdings, Co. in the 2nd quarter valued at $944,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of JA Solar Holdings, Co. in the 1st quarter valued at $622,000. 23.19% of the stock is owned by institutional investors.

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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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