JA Solar Holdings Co. (JASO) Shares Up 3.2%
JA Solar Holdings Co. (NASDAQ:JASO) shot up 3.2% during mid-day 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 recently issued reports on JASO. Roth Capital cut JA Solar Holdings from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.00 to $8.00 in a report on Friday, June 3rd. Axiom Securities reiterated a “sell” rating on shares of JA Solar Holdings in a report on Saturday, April 23rd. Finally, Zacks Investment Research cut JA Solar Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. JA Solar Holdings currently has a consensus rating of “Hold” and an average target price of $9.59.
The firm has a 50-day moving average price of $6.99 and a 200-day moving average price of $8.23. The firm has a market cap of $327.07 million and a price-to-earnings ratio of 3.64.
JA Solar Holdings (NASDAQ:JASO) last announced its earnings results on Friday, May 27th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business earned $538.10 million during the quarter. During the same period last year, the firm earned $0.13 earnings per share. On average, equities research analysts predict that JA Solar Holdings Co. will post $1.64 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in JA Solar Holdings during the fourth quarter valued at about $1,369,000. Morgan Stanley raised its position in shares of 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 last quarter. GSA Capital Partners LLP raised its position in shares of 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 last quarter. California Public Employees Retirement System raised its position in shares of 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 last quarter. Finally, Russell Frank Co raised its position in shares of 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 last quarter.
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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