JA Solar (NASDAQ:JASO) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, February 17th.
Other analysts have also issued reports about the company. Zacks Investment Research raised JA Solar from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Monday, December 18th. Axiom Securities reaffirmed a “sell” rating on shares of JA Solar in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. JA Solar presently has an average rating of “Hold” and a consensus target price of $6.81.
Shares of JA Solar (NASDAQ JASO) traded down $0.02 during midday trading on Friday, hitting $7.30. The stock had a trading volume of 477,885 shares, compared to its average volume of 887,272. JA Solar has a twelve month low of $4.87 and a twelve month high of $8.48. The stock has a market capitalization of $350.70, a price-to-earnings ratio of 4.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.03.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC increased its holdings in JA Solar by 23.1% in the fourth quarter. Guggenheim Capital LLC now owns 1,930,375 shares of the solar energy provider’s stock valued at $14,400,000 after buying an additional 361,953 shares during the last quarter. BlackRock Inc. increased its holdings in JA Solar by 3.2% in the fourth quarter. BlackRock Inc. now owns 783,319 shares of the solar energy provider’s stock valued at $5,844,000 after buying an additional 24,554 shares during the last quarter. Guinness Asset Management Ltd increased its holdings in JA Solar by 1.7% in the fourth quarter. Guinness Asset Management Ltd now owns 408,948 shares of the solar energy provider’s stock valued at $3,051,000 after buying an additional 6,800 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in JA Solar 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 buying an additional 296,800 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in JA Solar in the fourth quarter valued at about $1,694,000. 33.01% of the stock is currently owned by institutional investors and hedge funds.
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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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