Goldman Sachs Reiterates Conviction Buy on JA Solar (JASO)

Goldman Sachs is out with a research report this morning, where it reiterates its Conviction Buy on JA Solar Holdings

; it reiterated its price target as well (not provided). The GS analysts cited a recent meeting with company management for its non-deal roadshow. The analysts had four key takeaways: 1. Volume growth momentum continues to target a better customer profile 2. Further capacity expansion is possible 3. The ASP outlook remains strong 4. The leadership of the lowest cell cost structure could be maintained