JA Solar (JASO) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of JA Solar (NASDAQ:JASO) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

A number of other research analysts also recently weighed in on the stock. Axiom Securities restated a sell rating on shares of JA Solar in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of JA Solar from a strong-buy rating to a hold rating in a report on Tuesday, October 24th. ValuEngine upgraded shares of JA Solar from a buy rating to a strong-buy rating in a report on Monday, October 16th. Credit Suisse Group set a $7.00 price target on shares of JA Solar and gave the company a hold rating in a report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 price target on shares of JA Solar and gave the company a hold rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. JA Solar presently has an average rating of Hold and an average price target of $6.50.

Shares of JA Solar (JASO) traded down $0.04 during trading hours on Wednesday, hitting $7.24. 466,700 shares of the company’s stock were exchanged, compared to its average volume of 536,282. The firm has a market cap of $346.42, a price-to-earnings ratio of 4.73 and a beta of 1.26. JA Solar has a 52 week low of $4.42 and a 52 week high of $8.48. The company has a quick ratio of 0.70, a current ratio of 1.03 and a debt-to-equity ratio of 0.29.

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

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC bought a new position in JA Solar in the 1st quarter worth $154,000. Bank of America Corp DE raised its holdings in 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 worth $239,000 after acquiring an additional 3,465 shares during the period. Goldman Sachs Group Inc. raised its holdings in JA Solar by 63.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock worth $1,101,000 after acquiring an additional 65,436 shares during the period. Bank of Montreal Can bought a new position in JA Solar in the 2nd quarter worth $325,000. Finally, First Trust Advisors LP raised its holdings in JA Solar by 16.5% in the 2nd quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock worth $266,000 after acquiring an additional 5,939 shares during the period. Institutional investors and hedge funds own 31.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by Week Herald and is the property of of Week Herald. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://weekherald.com/2017/12/07/ja-solar-jaso-downgraded-by-bidaskclub-to-sell.html.

About JA Solar

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.

Receive News & Ratings for JA Solar Holdings Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JA Solar Holdings Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply