JA Solar Holdings Company Limited American Stock Soars (JASO)

NEW YORK ( TheStreet) -- Shares of JA Solar Holdings Company Limited American (Nasdaq: JASO) have taken a tremendous swing upward. The stock is trading at $2.17 as of 2:46 p.m. ET, 20.6% above Wednesday's closing price of $1.80. Volume is at 6.8 million, 1.3 times the daily average of 5.2 million.

JA Solar Holdings Company Limited American has a market cap of $328.1 million and is part of the technology sector and electronics industry. Shares are down 72.1% year to date as of the close of trading on Wednesday.

JA Solar Holdings Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and sale of photovoltaic solar cells and solar products, which convert sunlight into electricity in the People's Republic of China. The company has a P/E ratio of 1.1, below the average electronics industry P/E ratio of 1.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates JA Solar Holdings Company Limited American as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full JA Solar Holdings Company Limited American Ratings Report.

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