Economy

JA Solar Holdings, Co., Ltd. (JASO) Downgraded by Zacks Investment Research

A hedge fund recently raised its stake in Sky Solar Holdings stock. Teza Capital Management LLC bought a new position in JA Solar Holdings, Co. during the first quarter valued at approximately $122,000. Van ECK Associates Corp now owns 35,793 shares of the solar energy provider's stock valued at $170,000 after buying an additional 3,293 shares during the period. Geode Capital Management LLC increased its stake in shares of JA Solar Holdings, Co.by 73.1% in the first quarter. The firm presently has a "buy" rating on the solar energy provider's stock.

Shares of Sky Solar Holdings (SKYS) traded down 3.86% during mid-day trading on Thursday, reaching $1.35. 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 in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of JA Solar Holdings, Co. during the fourth quarter valued at $1,727,000. California Public Employees Retirement System boosted its position in JA Solar Holdings, Co.by 25.3% in the first quarter. Ja Solar Holdings Co Ltd now has $308.72 million valuation. Given that its average daily volume over the 30 days has been 0.62 million shares a day, this signifies a pretty significant change over the norm. This company shares are -0.94% up from its target price of $6.35 and the current market capitalization stands at $298.64M. The company has a 50 day moving average of $6.84 and a 200-day moving average of $5.76.

About JA Solar Holdings, Co. Sky Solar Holdings had a negative return on equity of 2.47% and a net margin of 4.72%. (NASDAQ:JASO) last issued its quarterly earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 EPS for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.05. The company had revenue of $13.83 million during the quarter. The Company sells its products primarily under JA Solar brand name, and also produces original equipment for manufacturers or customers. JA Solar Holdings, Co.'s revenue was down.3% compared to the same quarter past year.

According to Zacks, "JA Solar posted first-quarter 2017 earnings while the Zacks Consensus Estimate was pegged at a loss".

08/20/2014 - JA Solar Holdings, Co., Ltd. had its "outperform" rating reiterated by analysts at Northland Securities.

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ILLEGAL ACTIVITY NOTICE: "Van ECK Associates Corp Acquires 2,248 Shares of JA Solar Holdings, Co., Ltd. (JASO)" was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark legislation.

Other analysts also recently issued research reports about the company.

The share price of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was down -1.42% during the last trading session, with a day high of 6.35.

Separately, Roth Capital set a $8.00 price target on shares of Sky Solar Holdings and gave the company a "buy" rating in a research note on Thursday, May 18th. Axiom Securities reaffirmed a "sell" rating on shares of JA Solar Holdings, Co.in a research report on Friday, June 9th. About shares traded. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has declined 7.04% since June 20, 2016 and is downtrending. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Firm designs, develops, makes 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. Alpha One also assigned news headlines about the solar energy provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.

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