BidaskClub lowered shares of JA Solar (NASDAQ:JASO) from a sell rating to a strong sell rating in a research note released on Saturday morning.
JASO has been the topic of several other reports. Zacks Investment Research cut JA Solar from a buy rating to a hold rating in a research report on Tuesday, January 16th. Axiom Securities reaffirmed a sell rating on shares of JA Solar in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. JA Solar currently has an average rating of Hold and a consensus price target of $6.81.
Shares of JA Solar (JASO) opened at $7.36 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70. JA Solar has a 12-month low of $4.70 and a 12-month high of $8.48. The company has a market capitalization of $350.22, a P/E ratio of 4.36 and a beta of 1.03.
A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its position 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 acquiring an additional 3,600 shares in the last quarter. Guinness Asset Management Ltd lifted its position in JA Solar by 1.7% in the 4th quarter. Guinness Asset Management Ltd now owns 408,948 shares of the solar energy provider’s stock valued at $3,051,000 after acquiring an additional 6,800 shares in the last quarter. Quantitative Investment Management LLC lifted its position in JA Solar by 27.8% in the 4th quarter. Quantitative Investment Management LLC now owns 38,600 shares of the solar energy provider’s stock valued at $287,000 after acquiring an additional 8,400 shares in the last quarter. Advisors Preferred LLC bought a new position in JA Solar in the 3rd quarter valued at approximately $101,000. Finally, FMR LLC lifted its position in JA Solar by 89.4% in the 2nd quarter. FMR LLC now owns 44,500 shares of the solar energy provider’s stock valued at $283,000 after acquiring an additional 21,000 shares in the last quarter. 30.95% of the stock is currently owned by institutional investors and hedge funds.
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About JA Solar
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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