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

Axiom Securities reiterated their sell rating on shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) in a research note issued to investors on Thursday morning.

A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of JA Solar Holdings, Co. from a buy rating to a strong-buy rating in a research note on Monday, September 11th. Zacks Investment Research raised shares of JA Solar Holdings, Co. from a hold rating to a buy rating and set a $7.00 price target on the stock in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the stock a hold rating in a report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 price target on shares of JA Solar Holdings, Co. 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 given a hold rating and one has assigned a strong buy rating to the stock. JA Solar Holdings, Co. presently has a consensus rating of Hold and a consensus price target of $6.50.

JA Solar Holdings, Co. (NASDAQ:JASO) traded up $0.59 during midday trading on Thursday, reaching $7.45. 1,134,800 shares of the company traded hands, compared to its average volume of 527,578. 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 Holdings, Co. has a 52-week low of $4.42 and a 52-week high of $8.48. The stock has a market capitalization of $354.40, a PE ratio of 4.84 and a beta of 1.26.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). JA Solar Holdings, Co. had a net margin of 2.84% and a return on equity of 7.73%. The business had revenue of $652.60 million during the quarter, compared to analyst estimates of $609.78 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts predict that JA Solar Holdings, Co. will post 0.65 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.truebluetribune.com/2017/11/20/ja-solar-holdings-co-ltd-jaso-earns-sell-rating-from-axiom-securities.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in JA Solar Holdings, Co. in the third quarter worth approximately $101,000. FMR LLC acquired a new stake in shares of JA Solar Holdings, Co. in the first quarter worth $154,000. Cubist Systematic Strategies LLC acquired a new stake in shares of JA Solar Holdings, Co. in the third quarter worth $194,000. Verition Fund Management LLC acquired a new position in JA Solar Holdings, Co. during the 2nd quarter valued at $185,000. Finally, Bank of America Corp DE raised its stake in JA Solar Holdings, Co. 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 purchasing an additional 3,465 shares during the last quarter. 25.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

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