Needham & Company Downgrades JA Solar Holdings Co., Ltd. (JASO) to Hold; Expect Weaker Cell Prices and Margin Pressure to Result in Large Estimates Reductions

Needham & Company downgraded JA Solar Holdings Co., Ltd. (NASDAQ: JASO) from Buy to Hold.

Needham analyst says, "While we believe visibility should improve going into June, we are concerned that solar cells will continue to see substantial pricing pressure and lower margins throughtout 2011. Longer-term, we believe JASO is well positioned with its high-efficiency offering, but we suspect the company will not see the benefits until 2012 and beyond. With the downside risk to estimates, we expect near-term pressure on JASO share price and suggest investors wait on the sideline until visibility improves...We cut our 2011 EPS to $1.20 and 2012 to $1.08, base on our more conservative view on pricing and demand."

For more ratings news on JA Solar Holdings Co., Ltd. click here and for the rating history of JA Solar Holdings Co., Ltd. click here.

Shares of JA Solar Holdings Co., Ltd. closed at $6.45 yesterday.

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