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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Analyst says take profit in JASO 0 comments
    Oct 1, 2010 9:42 AM | about stocks: JASO, SOL, CSIQ, SPWR, FSLR, STP, TSL, LDK, HQCL

    JA Solar: Auriga Downgrades To Hold From Buy; Target $8By Eric Savitz

    Auriga USA analyst Mark Bachman this morning cut his rating on JA Solar (NASDAQ:JASO) to Hold from Buy, noting that the stock at yesterday’s close of $9.33 has moved “meaningfully above” his $8 target price.

    “Long-term investors may still find further upside to the shares as we assign a below-average P/E of just 8x, given JASO’s lack of vertical integration within the solar supply chain, while short-term investors should find the current price level attractive to recognize profits,” he writes in a research note. “We recognize that industry fundamentals remain strong, and that JASO will likely print Q3 results ahead of consensus estimates, however; our price target uses our 2011 EPS estimate, which we are unable to meaningfully raise at this time.”

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