Guinness Atkinson Asset Management Inc lowered its stake in shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) by 19.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,302 shares of the solar energy provider’s stock after selling 12,000 shares during the period. Guinness Atkinson Asset Management Inc owned approximately 0.11% of JA Solar worth $349,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of JASO. Maso Capital Partners Ltd bought a new position in shares of JA Solar in the 2nd quarter worth approximately $4,565,000. Point72 Asset Management L.P. bought a new position in shares of JA Solar in the 1st quarter worth approximately $1,500,000. Millennium Management LLC bought a new position in shares of JA Solar in the 1st quarter worth approximately $992,000. Aperio Group LLC lifted its stake in shares of JA Solar by 307.5% in the 2nd quarter. Aperio Group LLC now owns 94,903 shares of the solar energy provider’s stock worth $646,000 after purchasing an additional 71,615 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of JA Solar by 22.2% in the 2nd quarter. SG Americas Securities LLC now owns 318,953 shares of the solar energy provider’s stock worth $2,172,000 after purchasing an additional 57,984 shares during the period. Institutional investors and hedge funds own 19.43% of the company’s stock.
Shares of NASDAQ:JASO opened at $7.49 on Monday. JA Solar Holdings Co., Ltd. has a twelve month low of $6.04 and a twelve month high of $8.48. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $351.08 million, a PE ratio of 7.64 and a beta of 1.01.
Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of JA Solar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 30th. Roth Capital cut shares of JA Solar from a “neutral” rating to a “sell” rating and set a $6.00 price objective on the stock. in a research note on Monday, June 4th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has an average rating of “Sell” and a consensus price target of $7.13.
About JA Solar
JA Solar Holdings Co, Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies worldwide. Its principal products include monocrystalline and multi-crystalline solar modules and cells. The company also provides monocrystalline and multi-crystalline silicon wafers; solar product processing services; and solar power plant project development and electricity generation services, as well as produces original equipment for manufacturers or customers under their brand names.
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