Axiom Maintains Hold On JA Solar Holdings Shares, $8 PT
In a research report issued Thursday, Axiom analyst Gordon Johnson maintained a Hold rating on JA Solar Holdings (NASDAQ:JASO) with a price target of $8.00.
Johnson observed, “With guidance now heavily weighted to a 2H/C4Q14 pick-up in Chinese demand (which remains uncertain) + the mix shifting to a less profitable Chinese market, balanced by execution on greater module vs. cell sales, we see the risk/reward as balanced; while we see further n-term downside given what we believe will be disappointing results from TSL/YGE/CSUN/HSOL next week, we still see JASO as best positioned.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gordon Johnson has a total average return of 6.4% and a 50.9% success rate. Gordon has a -1.6% average return when recommending JASO, and is ranked #892 out of 3253 analysts.