Credit Suisse Maintains JA Solar Holdings Co. Ltd. (ADR) to Neutral

Brokerage firm Credit Suisse Maintains its rating on JA Solar Holdings Co. Ltd. (ADR)(NASDAQ:JASO). The shares have been rated Neutral. The rating by Credit Suisse was issued on Aug 18, 2016.

In a different note, On Jun 3, 2016, Roth Capital said it Downgrades its rating on JA Solar Holdings Co. Ltd. (ADR). In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm.

JA Solar Holdings Co. Ltd. (ADR) (JASO) shares turned negative on Mondays trading session with the shares closing down -0.22 points or -2.88% at a volume of 6,15,563. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.64. The peak price level was also seen at $7.64 while the days lowest was $7.36. Finally the shares closed at $7.42. The 52-week high of the shares is $10.09 while the 52-week low is $6.155. According to the latest information available, the market cap of the company is $353 M.

JA Solar Holdings Co. Ltd. (ADR)(JASO) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $618.97M. Analysts had an estimated revenue of $698.12M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.69.

JA Solar Holdings Co. Ltd. is a holding company. The Company designs develops manufactures and sells solar cell and module products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and sales of solar modules as well as silicon wafer manufacturing. The Company’s principal products consist of both monocrystalline and multicrystalline solar cells and solar modules. It sells its products mainly under JA Solar brand name and also produces original equipment for manufacturers or customers known as original equipment manufacturers (OEMs).The Company also provides engineering procurement and construction (EPC) services. The Company sells solar cell and module products to module manufacturers system integrators project developers and distributors. The Company’s subsidiaries include JA Development Co. Ltd. JA Solar Hong Kong Limited JA Solar GmbH. JingAo Solar Co. Ltd. and Shanghai JA Solar Technology Co. Ltd. among others.

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