JA Solar Holdings, Co., Ltd. (JASO) Upgraded at ValuEngine

ValuEngine upgraded shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

A number of other research firms also recently issued reports on JASO. Axiom Securities reiterated a sell rating on shares of JA Solar Holdings, Co. in a research note on Friday, September 8th. Credit Suisse Group set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the company a hold rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of JA Solar Holdings, Co. from a sell rating to a hold rating in a research note 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, BidaskClub cut shares of JA Solar Holdings, Co. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. JA Solar Holdings, Co. has an average rating of Hold and an average target price of $6.50.

JA Solar Holdings, Co. (JASO) traded up 0.40% during trading on Monday, hitting $7.45. 141,352 shares of the stock traded hands. The firm has a market cap of $349.12 million, a PE ratio of 4.50 and a beta of 1.40. The firm has a 50-day moving average price of $7.54 and a 200 day moving average price of $6.81. JA Solar Holdings, Co. has a 12 month low of $4.42 and a 12 month high of $8.48.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings data on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $602.53 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 41.8% on a year-over-year basis. On average, equities analysts forecast that JA Solar Holdings, Co. will post $0.84 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of JASO. FMR LLC purchased a new stake in JA Solar Holdings, Co. during the first quarter valued at approximately $154,000. Dynamic Technology Lab Private Ltd purchased a new stake in JA Solar Holdings, Co. during the first quarter valued at approximately $158,000. Verition Fund Management LLC purchased a new stake in JA Solar Holdings, Co. during the second quarter valued at approximately $185,000. Bank of America Corp DE lifted its position in JA Solar Holdings, Co. by 10.5% during the first 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 last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in JA Solar Holdings, Co. by 10.3% during the second quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after acquiring an additional 3,600 shares during the last quarter. 25.91% 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.

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

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