Roth Capital Downgrades JA Solar Holdings Co., Ltd. (JASO) to Neutral

Roth Capital downgraded JA Solar Holdings Co., Ltd. (NASDAQ: JASO) from Buy to Neutral with a price target of $9.00 (from $18.00).

Analyst Philip Shen commented, "While the company has successfully transformed itself from a pure cell vendor into a module manufacturer, we believe JASO lags behind peers this cycle in regards to its downstream efforts. This was highlighted by management lowering its annual project development guidance. As a result, we are downgrading to Neutral until management starts to successfully execute on a plan to differentiate itself. The silver lining in all of this, in our opinion, is that the company is not stretching its B/S."

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 $8.91 yesterday.

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