JA Solar Holdings, Co., Ltd. (JASO) Stake Increased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 63.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,289 shares of the solar energy provider’s stock after buying an additional 65,436 shares during the period. Goldman Sachs Group Inc. owned approximately 0.35% of JA Solar Holdings, Co. worth $1,101,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Shah Capital Management boosted its stake in JA Solar Holdings, Co. by 18.2% in the first quarter. Shah Capital Management now owns 1,350,150 shares of the solar energy provider’s stock valued at $8,829,000 after buying an additional 208,040 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in JA Solar Holdings, Co. during the fourth quarter valued at $896,000. Parametric Portfolio Associates LLC acquired a new stake in JA Solar Holdings, Co. during the first quarter valued at $622,000. California Public Employees Retirement System boosted its stake in JA Solar Holdings, Co. by 25.3% in the first quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock valued at $2,514,000 after buying an additional 77,700 shares during the last quarter. Finally, Shelton Capital Management boosted its stake in JA Solar Holdings, Co. by 100.0% in the first quarter. Shelton Capital Management now owns 100,000 shares of the solar energy provider’s stock valued at $654,000 after buying an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 25.12% of the company’s stock.

JA Solar Holdings, Co., Ltd. (NASDAQ JASO) traded up 0.33% during midday trading on Friday, reaching $6.11. The company’s stock had a trading volume of 232,549 shares. The stock has a 50-day moving average price of $6.29 and a 200 day moving average price of $6.08. JA Solar Holdings, Co., Ltd. has a 12 month low of $4.42 and a 12 month high of $7.88.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $536.40 million during the quarter, compared to analyst estimates of $490.84 million. JA Solar Holdings, Co. had a net margin of 3.41% and a return on equity of 7.73%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. On average, analysts predict that JA Solar Holdings, Co., Ltd. will post $0.02 earnings per share for the current year.

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Several equities research analysts have weighed in on JASO shares. BidaskClub cut JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Monday, May 29th. Axiom Securities upgraded JA Solar Holdings, Co. from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research note on Wednesday, July 19th. Finally, Roth Capital set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. JA Solar Holdings, Co. currently has an average rating of “Hold” and a consensus target price of $6.67.

JA Solar Holdings, Co. Company Profile

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

Institutional Ownership by Quarter for JA Solar Holdings, Co. (NASDAQ:JASO)

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