JA Solar Holdings Co. Ltd. (ADR) (JASO) Releases Earnings Results, Misses Expectations By $-0.38 EPS

JA Solar Holdings Co. Ltd. (ADR) (JASO) reported quarterly earnings results on Wednesday, Aug-17-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.38. Analysts had a consensus of $0.69. The company posted revenue of $619.00 million in the period, compared to analysts expectations of $698.12 million. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on JA Solar Holdings Co. Ltd. (ADR). JA Solar Holdings Co. Ltd. (ADR) was Downgraded by ROTH Capital to ” Neutral” on Jun 3, 2016.

JA Solar Holdings Co. Ltd. (ADR) opened for trading at $7.53 and hit $7.775 on the upside on Monday, eventually ending the session at $7.73, with a gain of 3.20% or 0.24 points. The heightened volatility saw the trading volume jump to 6,38,222 shares. Company has a market cap of $368 M.

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.

JA Solar Holdings Co. Ltd. (ADR)

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