JA Solar Holdings Co. (NASDAQ:JASO)’s share price shot up 3.2% during trading on Monday . The stock traded as high as $7.06 and last traded at $7.05, with a volume of 322,095 shares. The stock had previously closed at $6.83.

Several research firms have commented on JASO. Roth Capital cut shares of JA Solar Holdings from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $8.00 in a research report on Friday, June 3rd. Axiom Securities reissued a “sell” rating on shares of JA Solar Holdings in a research report on Saturday, April 23rd. Finally, Zacks Investment Research cut shares of JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.59.

The company has a market cap of $328.01 million and a P/E ratio of 3.65. The company has a 50 day moving average price of $7.02 and a 200-day moving average price of $8.28.

JA Solar Holdings (NASDAQ:JASO) last released its quarterly earnings results on Friday, May 27th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $538.10 million for the quarter. During the same period in the previous year, the business earned $0.13 earnings per share. Equities analysts expect that JA Solar Holdings Co. will post $1.64 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in JA Solar Holdings during the fourth quarter valued at about $1,369,000. Russell Frank Co increased its position in JA Solar Holdings by 1,564.3% in the fourth quarter. Russell Frank Co now owns 307,900 shares of the company’s stock valued at $2,951,000 after buying an additional 289,400 shares during the period. California Public Employees Retirement System increased its position in JA Solar Holdings by 19.0% in the fourth quarter. California Public Employees Retirement System now owns 310,759 shares of the company’s stock valued at $3,014,000 after buying an additional 49,700 shares during the period. GSA Capital Partners LLP increased its position in JA Solar Holdings by 128.0% in the fourth quarter. GSA Capital Partners LLP now owns 601,083 shares of the company’s stock valued at $5,831,000 after buying an additional 337,473 shares during the period. Finally, Morgan Stanley increased its position in JA Solar Holdings by 65.7% in the fourth quarter. Morgan Stanley now owns 1,144,199 shares of the company’s stock valued at $11,099,000 after buying an additional 453,579 shares during the period.

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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