JA Solar (JASO) shares could be under pressure after Collins Stewart slashes its target price to...

|About: JA Solar Holdings, Co., Ltd. (JASO)|By:, SA News Editor

JA Solar (JASO) shares could be under pressure after Collins Stewart slashes its target price to $4.50 from $5.50, citing falling solar cell prices that have failed to stimulate additional demand. The firm’s revised forecast sees Q2 revenues of $400M, below consensus and a 28% Q/Q decline. JASO -2.3% premarket; also LDK -2.9%, STP -1.3%, FSLR -0.3%.