JA Solar Holdings (JASO) Receives Consensus Rating of “Hold” from Brokerages

JA Solar Holdings (NASDAQ:JASO) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.00.

JASO has been the subject of several analyst reports. ValuEngine lowered JA Solar from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. BidaskClub upgraded JA Solar from a “strong sell” rating to a “sell” rating in a report on Saturday, February 3rd.

Shares of JASO opened at $7.20 on Friday. JA Solar has a 12 month low of $6.01 and a 12 month high of $8.48. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a market cap of $337.49 million, a PE ratio of 7.35 and a beta of 1.12.

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in JA Solar in the 4th quarter worth $1,694,000. Keybank National Association OH purchased a new position in JA Solar in the 4th quarter worth $867,000. Guinness Asset Management Ltd raised its stake in JA Solar by 1.7% in the 4th quarter. Guinness Asset Management Ltd now owns 408,948 shares of the solar energy provider’s stock worth $3,051,000 after acquiring an additional 6,800 shares during the last quarter. Guggenheim Capital LLC raised its stake in JA Solar by 23.1% in the 4th quarter. Guggenheim Capital LLC now owns 1,930,375 shares of the solar energy provider’s stock worth $14,400,000 after acquiring an additional 361,953 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in JA Solar by 27.8% in the 4th quarter. Quantitative Investment Management LLC now owns 38,600 shares of the solar energy provider’s stock worth $287,000 after acquiring an additional 8,400 shares during the last quarter. Institutional investors own 32.57% of the company’s stock.

JA Solar Company Profile

JA Solar Holdings Co, Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies. The company's principal products include monocrystalline and multicrystalline solar cells and modules. It also provides monocrystalline and multicrystalline silicon wafers; solar product processing services; and solar power plant project development and electricity generation services.

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