JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) shares traded up 6.7% during trading on Wednesday . The company traded as high as $7.32 and last traded at $7.30. 1,643,620 shares traded hands during mid-day trading, an increase of 196% from the average session volume of 554,681 shares. The stock had previously closed at $6.84.

A number of research analysts recently commented on the stock. Axiom Securities reaffirmed a “sell” rating and issued a $5.00 target price (down from $7.00) on shares of JA Solar Holdings, Co. in a research report on Thursday, August 24th. BidaskClub downgraded shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Roth Capital set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.50.

The company’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.31. The company has a market cap of $342.09 million, a PE ratio of 4.51 and a beta of 1.33.

JA Solar Holdings, Co. (NASDAQ:JASO) last posted its quarterly earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.37. The firm had revenue of $878 million for the quarter, compared to analysts’ expectations of $602.53 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, analysts predict that JA Solar Holdings, Co., Ltd. will post $0.84 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in JA Solar Holdings, Co. by 25.3% in the first quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock valued at $2,514,000 after acquiring an additional 77,700 shares in the last quarter. AJO LP raised its holdings in JA Solar Holdings, Co. by 3.2% in the second quarter. AJO LP now owns 359,410 shares of the solar energy provider’s stock valued at $2,282,000 after acquiring an additional 11,292 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in JA Solar Holdings, Co. by 848.0% in the second quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after acquiring an additional 296,800 shares in the last quarter. Teachers Advisors LLC acquired a new stake in JA Solar Holdings, Co. in the second quarter valued at $1,162,000. Finally, Goldman Sachs Group Inc. raised its holdings in JA Solar Holdings, Co. by 63.6% in the first quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock valued at $1,101,000 after acquiring an additional 65,436 shares in the last quarter. 25.97% of the stock is currently owned by hedge funds and other institutional investors.

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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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