Roth Capital Upgrades JA Solar Holdings Co., Ltd. (JASO) to Buy

Roth Capital upgraded JA Solar Holdings Co., Ltd. (NASDAQ: JASO) from Neutral to Buy with a price target of $12.00 (from $8.00).

Analyst Philip Shen commented, "With the potential for an ITC extension we are upgrading JASO from Neutral to Buy. We believe the extension could lead to higher volumes in the U.S. as the company works to expand its presence in the U.S. market (JASO recently hired Robert Petrina, the former Managing Director of Yingli Green Energy Americas). Increasing PT to $12."

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 $9.18 yesterday.

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