JA Solar Technology Co., Ltd.

Growth is a weak point here: a business that's turning around. Both revenue and earnings growth are weak. This profile does not fit growth strategies, so look to value or quality angles instead. The one thing to watch: the company is not profitable yet.

Returns across short and long horizons rank poorly versus the market. Momentum offers no support here; the case has to come from other factors. The one thing to watch: the multi-year record is weak.

Valuation is a weak point here. A mix of reasonable multiples and yields without extreme cheapness. Can work in diversified value portfolios, but not a standout bargain. The strongest point: its forward P/E of 19x is 24% below its own 25x historical median P/E. The one thing to watch: EV/EBITDA is rich.

Business quality is a weak point here. Debt is high relative to earnings and overall quality is below the market. Balance-sheet risk is the main watch-item. The strongest point: consensus sees free cash flow swinging from -$109M to about $417M over the next 3 years. The one thing to watch: margins are thin.