JA Solar Holdings Co. (JASO) Shares Up 3.2%
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.