JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Several other research firms have also recently issued reports on JASO. Axiom Securities upgraded JA Solar Holdings, Co. from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research report on Wednesday, July 19th. Zacks Investment Research upgraded JA Solar Holdings, Co. from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Friday, August 25th. Credit Suisse Group set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Tuesday, August 29th. Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Wednesday, May 24th. Finally, BidaskClub cut JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.50.

JA Solar Holdings, Co. (NASDAQ:JASO) traded up 3.23% on Monday, reaching $7.98. The company’s stock had a trading volume of 1,119,507 shares. The stock has a 50-day moving average of $6.42 and a 200-day moving average of $6.35. JA Solar Holdings, Co. has a one year low of $4.42 and a one year high of $7.99. The stock has a market cap of $373.96 million, a P/E ratio of 4.94 and a beta of 1.33.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teza Capital Management LLC purchased a new position in JA Solar Holdings, Co. during the 1st quarter valued at approximately $122,000. FMR LLC purchased a new position in JA Solar Holdings, Co. during the 1st quarter valued at approximately $154,000. Dynamic Technology Lab Private Ltd purchased a new position in JA Solar Holdings, Co. during the 1st quarter valued at approximately $158,000. Verition Fund Management LLC purchased a new position in JA Solar Holdings, Co. during the 2nd quarter valued at approximately $185,000. Finally, ClariVest Asset Management LLC grew its holdings in JA Solar Holdings, Co. by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock valued at $234,000 after buying an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 25.97% of the company’s stock.

JA Solar Holdings, Co. Company Profile

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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