JA Solar Holdings, Co., Ltd. (JASO) Earns Sell Rating from Axiom Securities

Axiom Securities reaffirmed their sell rating on shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) in a report published on Friday, September 8th.

A number of other research firms also recently commented on JASO. Roth Capital set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the stock a hold rating in a report on Wednesday, May 24th. Zacks Investment Research cut shares of JA Solar Holdings, Co. from a hold rating to a sell rating in a research report on Monday, May 29th. Credit Suisse Group set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the stock a hold rating in a research report on Tuesday, August 29th. Finally, BidaskClub cut shares of JA Solar Holdings, Co. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. JA Solar Holdings, Co. currently has a consensus rating of Hold and a consensus target price of $6.50.

JA Solar Holdings, Co. (NASDAQ JASO) traded down 4.48% on Friday, reaching $7.89. The company’s stock had a trading volume of 1,584,452 shares. The firm has a 50 day moving average price of $6.67 and a 200 day moving average price of $6.43. The stock has a market capitalization of $369.74 million, a P/E ratio of 4.88 and a beta of 1.33. JA Solar Holdings, Co. has a 52 week low of $4.42 and a 52 week high of $8.48.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its quarterly earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.37. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $602.53 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The business’s revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities analysts anticipate that JA Solar Holdings, Co. will post $0.84 EPS for the current year.

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Several large investors have recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of JA Solar Holdings, Co. by 25.3% during the 1st quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock worth $2,514,000 after buying an additional 77,700 shares during the period. AJO LP grew its position in shares of JA Solar Holdings, Co. by 3.2% during the 2nd quarter. AJO LP now owns 359,410 shares of the solar energy provider’s stock worth $2,282,000 after buying an additional 11,292 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of JA Solar Holdings, Co. by 848.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after buying an additional 296,800 shares during the period. Teachers Advisors LLC acquired a new stake in shares of JA Solar Holdings, Co. during the 2nd quarter worth approximately $1,162,000. Finally, Goldman Sachs Group Inc. boosted its stake in JA Solar Holdings, Co. by 63.6% during 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 last quarter. Institutional investors own 25.97% of the company’s stock.

About JA Solar Holdings, Co.

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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