NEW YORK (TheStreet) --Shares of JA Solar (JASO) were falling 3.8% to $9.73 Monday after the solar module maker missed analysts' estimates for revenue in the first quarter.

JA Solar reported revenue of $387.7 million for the first quarter, a 5.6% increase from the year-ago quarter, but below analysts' estimates of $410.14 million for the quarter. The company reported earnings of 13 cents a share for the first quarter, above analysts' estimates of 6 cents a share.

The company said it shipped 681.5 MW worth of solar cells and modules in the first quarter, a 6.8% increase from the year-ago quarter, and towards the lower end of its 680 MW to 750 MW guidance for the quarter.

JA Solar expects to ship 680 MW to 720 MW of solar cells and modules in the second quarter. The company reiterated its 2015 guidance of 3.6 GW to 4 GW of solar cells and module shipments for the year.

TheStreet Ratings team rates JA SOLAR HOLDINGS CO LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate JA SOLAR HOLDINGS CO LTD (JASO) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share."

You can view the full analysis from the report here: JASO Ratings Report

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