JA Solar Holdings, Co., Ltd. (JASO) Upgraded to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

JASO has been the topic of a number of other research reports. Zacks Investment Research raised JA Solar Holdings, Co. from a hold rating to a buy rating and set a $7.00 price target on the stock in a report on Friday, August 25th. Credit Suisse Group set a $7.00 price target on JA Solar Holdings, Co. and gave the stock a hold rating in a report on Tuesday, August 29th. BidaskClub lowered JA Solar Holdings, Co. from a hold rating to a sell rating in a report on Wednesday, July 12th. Axiom Securities reissued a sell rating and set a $5.00 price target (down previously from $7.00) on shares of JA Solar Holdings, Co. in a report on Thursday, August 24th. Finally, Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the stock a hold rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. JA Solar Holdings, Co. has a consensus rating of Hold and an average target price of $6.50.

Shares of JA Solar Holdings, Co. (NASDAQ JASO) opened at 7.98 on Monday. JA Solar Holdings, Co. has a 52 week low of $4.42 and a 52 week high of $7.99. The stock has a 50 day moving average price of $6.42 and a 200-day moving average price of $6.35. The stock has a market cap of $373.96 million, a P/E ratio of 4.94 and a beta of 1.33.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The firm had revenue of $878 million for the quarter, compared to analyst estimates of $602.53 million. During the same quarter last year, the company posted $0.31 earnings per share. The business’s revenue was up 41.8% on a year-over-year basis. Equities analysts predict that JA Solar Holdings, Co. will post $0.84 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/09/12/ja-solar-holdings-co-ltd-jaso-upgraded-to-strong-buy-at-valuengine.html.

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in JA Solar Holdings, Co. by 63.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock valued at $1,101,000 after purchasing an additional 65,436 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in JA Solar Holdings, Co. in the 1st quarter valued at approximately $622,000. Airain ltd purchased a new stake in JA Solar Holdings, Co. in the 1st quarter valued at approximately $307,000. Shelton Capital Management boosted its holdings in JA Solar Holdings, Co. by 100.0% in the 1st quarter. Shelton Capital Management now owns 100,000 shares of the solar energy provider’s stock valued at $654,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in JA Solar Holdings, Co. in the 2nd quarter valued at approximately $325,000. 25.97% of the stock is currently owned by institutional investors.

JA Solar Holdings, Co. 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.

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.

Latest News

Leave a Reply