Sun Shines Bright On JA Solar As Quarterly Earnings Crush Estimates

Marco Green
August 22, 2017

The stock has "Mkt Perform" rating by FBR Capital on Friday, February 12. Investors of this company earned a return of 2.80% on the assets it owns in past twelve month.

Shareholders in JA Solar Holdings are potentially in for a turbulent ride over the medium term. I am going to look at the latest data on JASO to assess whether this adverse expected growth is reasonable. This also had it coming in above Wall Street's earnings per share estimate of 3 cents for the quarter. The company had revenue of $536.40 million for the quarter, compared to analyst estimates of $490.84 million. The company's revenue was down.3% on a year-over-year basis.

About 422,151 shares traded or 0.98% up from the average.

Ltd. (ADR) (JASO) formed a down wedge with $5.93 target or 5.00 % below today's $6.24 share price.

They expect $0 EPS, down 0% or $0.3 from last year's $0.3 per share. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and global trademark and copyright laws.

Ltd. (NASDAQ:JASO) to report earnings on Aug, 22 for the fiscal quarter ending Jun 2017.

A number of research analysts have recently weighed in on the stock. JA Solar had 10 analyst reports since August 12, 2015 according to SRatingsIntel. 1 and 2 is equivalent to a buy, 3 a hold, and 4 and 5 a sell rating. If the $33.07 price target is reached, the company will be worth $77.65 million less. Morgan Stanley & Co Inc is the second biggest holder with 3 million shares now valued at 19.28 million whilst Shah Capital Management has 1 million shares valued at 7.66 million. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of "Hold" and a consensus target price of $6.67.

Solar companies have been struggling amid overproduction in China that has strained the industry's bottom line. The Company operates through two segments, including manufacturing and solar projects. The Firm designs, develops, makes and sells solar power products that convert sunlight into electricity for a range of uses.

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