JA Solar (JASO) Shares Downgraded to a “Sell” Rating by TheStreet Analysts

JA Solar (NASDAQ: JASO) was downgraded by equities research analysts at TheStreet to a “sell” rating in a research note issued to investors on Friday.

Separately, analysts at ThinkEquity downgraded shares of JA Solar from a “hold” rating to a “sell” rating in a research note to investors on Wednesday. Analysts at Needham & Company reiterated a “hold” rating on shares of JA Solar in a research note to investors on Wednesday. Also, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of JA Solar from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday.

JA Solar Holdings Co., Ltd. (JA Solar) is a manufacturer of high-performance solar cells based in People’s Republic of China. The Company produces and sells both monocrystalline and multicrystalline solar cells. The Company conducts its business primarily through its wholly owned subsidiaries in People’s Republic of China, which includes JingAo Solar Co., Ltd. (JA Hebei), Shanghai JA Solar PV Technology Co., Ltd. (JA Zhabei) and JA Solar Technology Yangzhou Co., Ltd. (JA Yangzhou), in which the Company indirectly holds a 100% interest and operates and manages its business as a single segment. It designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. In June 2009, for purposes of its three megawatt photovoltaic project in Korea, the Company acquired Greenhills S.a.r.l. and renamed it JA Solar Luxembourg S.a.r.l., which is wholly owned by JA Solar Hong Kong Limited (JA Hong Kong).

Shares of JA Solar traded flat at $1.61 during mid-day trading on Friday. JA Solar has a 52 week low of $1.40 and a 52 week high of $10.24. The stock’s 50-day moving average is $1.94 and its 200-day moving average is $3.75. The company has a market cap of $264.8 million and a price-to-earnings ratio of 1.13.