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.
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.
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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.
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