JA Solar (JASO) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of JA Solar (NASDAQ:JASO) from a buy rating to a hold rating in a research report report published on Monday morning.
According to Zacks, “JA Solar stands to gain from its geographically advantageous position in spite of trade war between China and the United States. The company's focus on widening its geographical customer base has also resulted in incremental international sales. In fact, the company’s shift in focus to solar modules from cells is paying off. Moreover, Trump's walk out from the Paris Climate agreement is anticipated to boost JA Solar's scope in the near term. However, headwinds like anti-dumping policies by the United States and stiff competition in China might be a serious threat to its profit. Moreover, the Japanese yen has depreciated significantly against RMB in the past, negatively impacting JA Solar’s business. Any more such depreciation might hurt the stock's growth. Moreover, the company's share price underperformed the broader industry in last one year.”
A number of other research firms have also recently commented on JASO. BidaskClub cut shares of JA Solar from a hold rating to a sell rating in a report on Friday. ValuEngine raised shares of JA Solar from a buy rating to a strong-buy rating in a report on Monday, September 11th. Finally, Axiom Securities reaffirmed a sell rating on shares of JA Solar in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $6.81.
JA Solar (JASO) traded down $0.06 during trading hours on Monday, hitting $7.41. 1,234,685 shares of the company were exchanged, compared to its average volume of 740,400. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70. The company has a market cap of $352.09, a PE ratio of 4.49 and a beta of 1.27. JA Solar has a 52 week low of $4.42 and a 52 week high of $8.48.
JA Solar (NASDAQ:JASO) last posted its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $652.60 million during the quarter, compared to the consensus estimate of $609.78 million. JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. sell-side analysts anticipate that JA Solar will post 0.65 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in JASO. Advisors Preferred LLC purchased a new position in JA Solar in the 3rd quarter valued at approximately $101,000. Cubist Systematic Strategies LLC purchased a new position in JA Solar in the 3rd quarter valued at approximately $194,000. Verition Fund Management LLC purchased a new position in JA Solar in the 2nd quarter valued at approximately $185,000. Public Employees Retirement System of Ohio grew its stake in JA Solar by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after buying an additional 3,600 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in JA Solar by 16.5% in the 2nd quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock valued at $266,000 after buying an additional 5,939 shares in the last quarter. Institutional investors and hedge funds own 30.87% of the company’s stock.
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JA Solar 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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