JA Solar Holdings Co. Ltd. (ADR) (JASO) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Jun 3, 2016.
On the company’s financial health, JA Solar Holdings Co. Ltd. (ADR) reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 27, 2016. Analyst had a consensus of $0.31. The company had revenue of $538.10 million for the quarter, compared to analysts expectations of $499.35 million. During the same quarter in the previous year, the company posted $0.13 EPS.
JA Solar Holdings Co. Ltd. (ADR) closed down -0.04 points or -0.50% at $7.93 with 4,01,682 shares getting traded on Wednesday. Post opening the session at $7.9, the shares hit an intraday low of $7.77 and an intraday high of $7.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.