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.
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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