JA Solar (JASO) Upgraded at BidaskClub

BidaskClub upgraded shares of JA Solar (NASDAQ:JASO) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other equities research analysts also recently weighed in on JASO. Roth Capital set a $7.00 price target on shares of JA Solar and gave the stock a hold rating in a research note on Wednesday, August 23rd. Axiom Securities reiterated a sell rating and set a $5.00 price target (down previously from $7.00) on shares of JA Solar in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of JA Solar from a hold rating to a buy rating and set a $7.00 target price on the stock in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 target price on shares of JA Solar and gave the company a hold rating in a research note on Tuesday, August 29th. Finally, ValuEngine upgraded shares of JA Solar from a buy rating to a strong-buy rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $6.81.

JA Solar (NASDAQ JASO) traded down $0.07 on Wednesday, reaching $7.38. 280,992 shares of the company’s stock were exchanged, compared to its average volume of 595,899. JA Solar has a 1 year low of $4.42 and a 1 year high of $8.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70. The firm has a market capitalization of $354.51, a P/E ratio of 4.79 and a beta of 1.26.

JA Solar (NASDAQ:JASO) last posted its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business had revenue of $652.60 million for the quarter, compared to analyst estimates of $609.78 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. analysts forecast that JA Solar will post 0.65 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of JASO. Advisors Preferred LLC acquired a new stake in shares of JA Solar in the 3rd quarter valued at $101,000. Verition Fund Management LLC acquired a new stake in shares of JA Solar in the 2nd quarter valued at $185,000. Cubist Systematic Strategies LLC acquired a new stake in shares of JA Solar in the 3rd quarter valued at $194,000. Bank of America Corp DE boosted its stake in shares of JA Solar by 10.5% in 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 purchasing an additional 3,465 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of JA Solar by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after purchasing an additional 3,600 shares in the last quarter. Institutional investors own 30.87% of the company’s stock.

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JA Solar 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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