JA Solar Holdings, Co., Ltd. (NASDAQ:JASO)’s share price dropped 0.4% during mid-day trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $6.85 and last traded at $8.03. Approximately 596,500 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 517,772 shares. The stock had previously closed at $8.06.

The solar energy provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). JA Solar Holdings, Co. had a return on equity of 7.81% and a net margin of 2.84%. The business had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $609.78 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. JA Solar Holdings, Co.’s quarterly revenue was up 4.5% compared to the same quarter last year.

JASO has been the subject of several recent analyst reports. Zacks Investment Research upgraded JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Axiom Securities restated a “hold” rating on shares of JA Solar Holdings, Co. in a research report on Thursday, August 10th. Roth Capital set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Credit Suisse Group set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $6.50.

Several institutional investors and hedge funds have recently bought and sold shares of JASO. TIAA CREF Investment Management LLC boosted its holdings in shares of JA Solar Holdings, Co. by 848.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after purchasing an additional 296,800 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JA Solar Holdings, Co. by 1,558.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock worth $1,515,000 after purchasing an additional 187,354 shares in the last quarter. Teachers Advisors LLC purchased a new position in shares of JA Solar Holdings, Co. in the 2nd quarter worth about $1,162,000. Virtu KCG Holdings LLC purchased a new position in shares of JA Solar Holdings, Co. in the 2nd quarter worth about $944,000. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of JA Solar Holdings, Co. in the 1st quarter worth about $622,000. Hedge funds and other institutional investors own 23.19% of the company’s stock.

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market capitalization of $351.40, a price-to-earnings ratio of 4.52 and a beta of 1.26.

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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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