Needham & Company Maintains a 'Hold' on JA Solar Holding (JASO); Adjusted Estimates After Mixed Q4
Tweet
Share
E-mailGet Alerts JASO Hot Sheet
Price: $7.49 --0%
Rating Summary:
5 Buy, 5 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 5 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on JA Solar Holdings Co., Ltd. (NASDAQ: JASO).
Analyst, Y. Edwin Mok, said, "JASO reported 4Q11 revenue beating Street’s estimate, but EPS fell short of consensus on one-time items. 1Q12 shipments are expected to decline, but the full-year outlook is more robust. Despite positive commentary on the call, we believe JASO’s business remains challenged by sector fundamentals. Specifically, vertically integrating wafer production has limited benefits, and high-power cells have been unable to generate pricing premium."
"We lower our GAAP 2012E EPS to ($0.48) (from (0.09)) and 2013E EPS to ($0.30) (from (0.03)) based on continuing challenges."
For an analyst ratings summary and ratings history on JA Solar Holdings Co., Ltd. click here. For more ratings news on JA Solar Holdings Co., Ltd. click here.
Shares of JA Solar Holdings Co., Ltd. closed at $1.90 yesterday.
Analyst, Y. Edwin Mok, said, "JASO reported 4Q11 revenue beating Street’s estimate, but EPS fell short of consensus on one-time items. 1Q12 shipments are expected to decline, but the full-year outlook is more robust. Despite positive commentary on the call, we believe JASO’s business remains challenged by sector fundamentals. Specifically, vertically integrating wafer production has limited benefits, and high-power cells have been unable to generate pricing premium."
"We lower our GAAP 2012E EPS to ($0.48) (from (0.09)) and 2013E EPS to ($0.30) (from (0.03)) based on continuing challenges."
For an analyst ratings summary and ratings history on JA Solar Holdings Co., Ltd. click here. For more ratings news on JA Solar Holdings Co., Ltd. click here.
Shares of JA Solar Holdings Co., Ltd. closed at $1.90 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
