NEW YORK (TheStreet) -- JA Solar (JASO) shares closed trading up 0.59% to $8.54 on Wednesday, continuing to climb after the solar cell and module manufacturer released its third quarter earnings results yesterday.
The company reported third quarter shipments of 785.4 megawats, ahead of analysts' guidance of between 730MW and 760MW, which led the company to generate $492.2 million in sales, well ahead of analysts' $425.2 million expectations.
The company also reported earnings of 21 cents per diluted share, ahead of analyst guidance by three cents.
TheStreet Ratings team rates JA SOLAR HOLDINGS CO LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate JA SOLAR HOLDINGS CO LTD (JASO) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: JASO Ratings Report
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.