JA Solar Holdings, Co., Ltd. (JASO) Upgraded to Strong-Buy by ValuEngine

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

JASO has been the subject of a number of other research reports. Axiom Securities reaffirmed 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 note on Thursday, August 24th. BidaskClub downgraded shares of JA Solar Holdings, Co. from a hold rating to a sell rating in a research note on Wednesday, July 12th. Zacks Investment Research raised 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 note 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 note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $6.50.

Shares of JA Solar Holdings, Co. (NASDAQ JASO) opened at 7.68 on Monday. 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 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. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $602.53 million. During the same period in the prior year, the firm earned $0.31 earnings per share. JA Solar Holdings, Co.’s revenue was up 41.8% on a year-over-year basis. On average, analysts anticipate that JA Solar Holdings, Co. will post $0.84 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in JA Solar Holdings, Co. by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock worth $244,000 after purchasing an additional 3,600 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of JA Solar Holdings, Co. during the 2nd quarter worth $185,000. State Street Corp boosted its stake in shares of JA Solar Holdings, Co. by 17.6% during the 2nd quarter. State Street Corp now owns 147,625 shares of the solar energy provider’s stock worth $937,000 after acquiring an additional 22,121 shares during the last quarter. Shelton Capital Management boosted its stake in shares of JA Solar Holdings, Co. by 55.0% during the 2nd quarter. Shelton Capital Management now owns 155,000 shares of the solar energy provider’s stock worth $984,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in shares of JA Solar Holdings, Co. during the 2nd quarter worth $944,000. Institutional investors own 25.91% of the company’s stock.

About JA Solar Holdings, Co.

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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