JA Solar Receives a Hold from Credit Suisse

By Jason Carr

In a report released today, Patrick Jobin from Credit Suisse resumed coverage with a Hold rating on JA Solar (NASDAQ: JASO). The company’s shares opened today at $5.49, close to its 52-week low of $5.33.

According to TipRanks.com, Jobin is ranked 0 out of 5 stars with an average return of -11.3% and a 34.6% success rate. Jobin covers the Technology sector, focusing on stocks such as SunPower Corp, Silver Spring, and SunEdison Inc.

JA Solar has an analyst consensus of Moderate Buy.

Based on JA Solar’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $626 million and quarterly net profit of $20.47 million. In comparison, last year the company earned revenue of $605 million and had a net profit of $41.06 million.

JA Solar Holdings Co., Ltd. operates as a holding company, which is engaged in the design, development, and manufacture of solar power products. Its products include solar cells, solar modules, and silicon wafers. It is also involved in the following services: solar products processing, and engineering, procurement, and construction services. The company was founded on May 18, 2005 and is headquartered in Shanghai, China.