Roth Capital set a $7.00 target price on JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) in a research note published on Wednesday. The brokerage currently has a hold rating on the solar energy provider’s stock.

Several other research firms also recently weighed in on JASO. Zacks Investment Research downgraded JA Solar Holdings, Co. from a hold rating to a sell rating in a report on Monday, May 29th. Axiom Securities raised JA Solar Holdings, Co. from a sell rating to a hold rating and set a $7.00 price objective for the company in a report on Wednesday, July 19th. Finally, BidaskClub downgraded JA Solar Holdings, Co. from a hold rating to a sell rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. JA Solar Holdings, Co. currently has a consensus rating of Hold and an average target price of $6.75.

JA Solar Holdings, Co. (NASDAQ:JASO) traded up 1.27% on Wednesday, hitting $6.38. 492,942 shares of the stock traded hands. JA Solar Holdings, Co. has a 12 month low of $4.42 and a 12 month high of $7.74.

JA Solar Holdings, Co. (NASDAQ:JASO) last posted its quarterly earnings data on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.37. The business had revenue of $878 million during the quarter, compared to the consensus estimate of $602.53 million. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The company’s revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. Equities analysts anticipate that JA Solar Holdings, Co. will post $0.02 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of JASO. Goldman Sachs Group Inc. increased its stake 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 buying an additional 65,436 shares during the last quarter. Shelton Capital Management increased its stake in JA Solar Holdings, Co. by 100.0% in the first quarter. Shelton Capital Management now owns 100,000 shares of the solar energy provider’s stock valued at $654,000 after buying an additional 50,000 shares during the last quarter. Bank of America Corp DE increased its stake in JA Solar Holdings, Co. by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after buying an additional 3,465 shares during the last quarter. California Public Employees Retirement System increased its stake 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 buying an additional 77,700 shares during the last quarter. Finally, FMR LLC purchased a new stake in JA Solar Holdings, Co. during the first quarter valued at $154,000. 24.88% of the stock is owned by institutional investors and hedge funds.

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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