Shelton Capital Management Acquires 55,000 Shares of JA Solar Holdings, Co., Ltd. (JASO)

Shelton Capital Management increased its holdings in JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 55.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,000 shares of the solar energy provider’s stock after purchasing an additional 55,000 shares during the period. Shelton Capital Management’s holdings in JA Solar Holdings, Co. were worth $984,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JASO. TIAA CREF Investment Management LLC boosted its holdings in JA Solar Holdings, Co. by 848.0% in the second quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after purchasing an additional 296,800 shares in the last quarter. Teachers Advisors LLC acquired a new position in JA Solar Holdings, Co. during the 2nd quarter worth $1,162,000. Virtu KCG Holdings LLC acquired a new position in JA Solar Holdings, Co. during the 2nd quarter worth $944,000. Parametric Portfolio Associates LLC acquired a new position in JA Solar Holdings, Co. during the 1st quarter worth $622,000. Finally, California Public Employees Retirement System lifted its position in JA Solar Holdings, Co. by 25.3% during the 1st quarter. California Public Employees Retirement System now owns 384,359 shares of the solar energy provider’s stock worth $2,514,000 after acquiring an additional 77,700 shares during the last quarter. Hedge funds and other institutional investors own 25.91% of the company’s stock.

JA Solar Holdings, Co., Ltd. (NASDAQ JASO) opened at 7.23 on Friday. JA Solar Holdings, Co., Ltd. has a 52-week low of $4.42 and a 52-week high of $8.48.

JA Solar Holdings, Co. (NASDAQ:JASO) last announced its quarterly earnings data on Tuesday, August 22nd. The solar energy provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.37. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $602.53 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 41.8% on a year-over-year basis. On average, equities research analysts predict that JA Solar Holdings, Co., Ltd. will post $0.84 EPS for the current year.

A number of research analysts have weighed in on JASO shares. ValuEngine raised shares of JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Zacks Investment Research raised shares of JA Solar Holdings, Co. from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Friday, August 25th. Credit Suisse Group set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Tuesday, August 29th. BidaskClub lowered shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Axiom Securities reissued a “sell” rating and set a $5.00 target price (down previously from $7.00) on shares of JA Solar Holdings, Co. in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.50.

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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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