JA Solar (NASDAQ:JASO) Downgraded by BidaskClub

BidaskClub downgraded shares of JA Solar (NASDAQ:JASO) from a hold rating to a sell rating in a research note issued to investors on Wednesday, December 6th.

Several other equities research analysts have also commented on the stock. Axiom Securities reissued a sell rating on shares of JA Solar in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of JA Solar from a strong-buy rating to a hold rating in a research report on Tuesday, October 24th. ValuEngine raised shares of JA Solar from a buy rating to a strong-buy rating in a research report on Monday, October 16th. Credit Suisse Group set a $7.00 target price on shares of JA Solar and gave the company a hold rating in a research report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 target price on shares of JA Solar and gave the company a hold rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. JA Solar currently has an average rating of Hold and a consensus price target of $6.81.

JA Solar (JASO) traded up $0.04 on Wednesday, hitting $7.46. 462,503 shares of the company were exchanged, compared to its average volume of 502,863. 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 has a 12 month low of $4.42 and a 12 month high of $8.48. The firm has a market cap of $353.08, a price-to-earnings ratio of 4.84 and a beta of 1.26.

JA Solar (NASDAQ:JASO) last posted its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $652.60 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.13 EPS. sell-side analysts predict that JA Solar will post 0.65 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in JASO. Advisors Preferred LLC bought a new position in JA Solar in the 3rd quarter valued at $101,000. FMR LLC bought a new position in JA Solar in the 1st quarter valued at $154,000. Verition Fund Management LLC bought a new position in JA Solar in the 2nd quarter valued at $185,000. Cubist Systematic Strategies LLC purchased a new stake in shares of JA Solar during the 3rd quarter valued at $194,000. Finally, Bank of America Corp DE raised its position in shares of JA Solar by 10.5% during 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 buying an additional 3,465 shares in the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.

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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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