JA Solar (JASO) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of JA Solar (NASDAQ:JASO) from a buy rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “JA Solar stands to gain from its geographically advantageous position in spite of trade war between China and the United States. The company's focus on widening its geographical customer base has also resulted in incremental international sales. In fact, the company’s shift in focus to solar modules from cells is paying off. All these may have led the company to outperform the broader industry in last one year. On the flip side, apart from dealing with the anti-dumping policy in the U.S., JA Solar has to face cut-throat competition from its domestic peers. The fierce competition between Chinese solar companies sometimes leaves them with a feeble margin.”

A number of other research firms have also weighed in on JASO. BidaskClub lowered JA Solar from a hold rating to a sell rating in a research note on Friday, January 5th. ValuEngine raised JA Solar from a buy rating to a strong-buy rating in a research note on Monday, October 16th. Finally, Axiom Securities reaffirmed a sell rating on shares of JA Solar in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $6.81.

JA Solar (NASDAQ JASO) traded up $0.03 during midday trading on Tuesday, hitting $7.46. The stock had a trading volume of 1,639,125 shares, compared to its average volume of 1,072,000. The company has a market capitalization of $353.31, a price-to-earnings ratio of 4.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.03. JA Solar has a 1 year low of $4.42 and a 1 year high of $8.48.

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

Large investors have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new stake in shares of JA Solar in the third quarter worth about $101,000. Cubist Systematic Strategies LLC purchased a new stake in shares of JA Solar in the third quarter worth about $194,000. Verition Fund Management LLC purchased a new stake in shares of JA Solar in the second quarter worth about $185,000. Public Employees Retirement System of Ohio lifted its position in shares of JA Solar 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 buying an additional 3,600 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of JA Solar by 16.5% in the second quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock worth $266,000 after buying an additional 5,939 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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