JPMorgan Chase & Co. boosted its position in JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 1,558.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,376 shares of the solar energy provider’s stock after purchasing an additional 187,354 shares during the quarter. JPMorgan Chase & Co.’s holdings in JA Solar were worth $1,515,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in shares of JA Solar during the 3rd quarter worth about $101,000. Verition Fund Management LLC bought a new stake in shares of JA Solar during the 2nd quarter worth about $185,000. Public Employees Retirement System of Ohio raised its position in shares of JA Solar by 10.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock worth $244,000 after buying an additional 3,600 shares in the last quarter. First Trust Advisors LP raised its position in shares of JA Solar by 16.5% during the 2nd quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock worth $266,000 after buying an additional 5,939 shares in the last quarter. Finally, FMR LLC raised its position in shares of JA Solar by 89.4% during the 2nd quarter. FMR LLC now owns 44,500 shares of the solar energy provider’s stock worth $283,000 after buying an additional 21,000 shares in the last quarter. Hedge funds and other institutional investors own 30.87% of the company’s stock.
A number of analysts have commented on JASO shares. ValuEngine downgraded shares of JA Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of JA Solar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Axiom Securities reaffirmed a “sell” rating on shares of JA Solar in a research note on Thursday, November 16th. Finally, BidaskClub cut shares of JA Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.81.
JA Solar (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The business had revenue of $652.60 million during the quarter, compared to analyst estimates of $609.78 million. JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. research analysts expect that JA Solar Holdings, Co., Ltd. will post 0.65 earnings per share for the current fiscal year.
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JA Solar 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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