Goldman Sachs Group Inc. boosted its position in shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 63.6% during the first quarter, Holdings Channel reports. The firm 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.’s holdings in JA Solar Holdings, Co. were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC raised its position in JA Solar Holdings, Co. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock worth $234,000 after buying an additional 1,838 shares during the period. Van ECK Associates Corp raised its position in JA Solar Holdings, Co. by 6.3% in the first quarter. Van ECK Associates Corp now owns 38,041 shares of the solar energy provider’s stock worth $249,000 after buying an additional 2,248 shares during the period. Bank of America Corp DE raised its position in JA Solar Holdings, Co. by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock worth $239,000 after buying an additional 3,465 shares during the period. Guinness Asset Management Ltd raised its position in JA Solar Holdings, Co. by 1.9% in the first quarter. Guinness Asset Management Ltd now owns 413,948 shares of the solar energy provider’s stock worth $2,707,000 after buying an additional 7,600 shares during the period. Finally, Teza Capital Management LLC purchased a new position in JA Solar Holdings, Co. during the first quarter worth approximately $122,000. 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 mid-day trading on Friday, hitting $6.11. 232,549 shares of the stock were exchanged. The company has a 50-day moving average of $6.29 and a 200-day moving average of $6.08. JA Solar Holdings, Co., Ltd. has a 52 week low of $4.42 and a 52 week high of $7.88.

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

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A number of research analysts have recently commented on the stock. Axiom Securities restated a “hold” rating on shares of JA Solar Holdings, Co. in a research report on Thursday. Roth Capital set a $7.00 price target on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Wednesday, May 24th. Zacks Investment Research lowered shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Monday, May 29th. Finally, BidaskClub downgraded shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average 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.

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

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