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JA Solar Holdings (JASO) Gains on Northland Capital Coverage

By  +Follow April 1, 2014 7:54AM
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Chinese small-cap solar panel manufacturer JA Solar Holdings (JASO) traded sharply up on news that Northland Capital had initiated coverage with an “outperform” rating and a price target of $19 a share, nearly double its current share price.

Shares opened up 4 percent at $10.58 and climbed to a high of $11 a share (an 8.2 percent gain) just before noon before pulling back to around $10.75 by early afternoon.

Northland Capital analyst Colin Rusch sparked the gains with his bullish analysis, citing growth opportunities in Japan and China and lower production costs.

"With JASO increasing its module capacity in 2014, we expect the company will be able to see manufacturing increasing margin as some peers see margins begin to flat line,” said Rusch. “We also believe the company has among the best non-silicon costs in the industry, exiting 2013 at $0.43/W and targeting <$0.40/W...We believe JASO should see all in manufacturing cost of <$0.50W by the end of the year...We believe the company should be able to reach near 20% GM by the end of 2014 for its manufacturing business."

Solar stocks tend to move in unison and Tuesday was no exception, with the primary ETF tracking the industry, the Guggenheim Solar ETF (TAN) , gaining over 1.25 percent on the day. Big gainers included Trina Solar Limited (TSL) , up over 4.5 percent; Yingli Green Energy (YGE) , up over 2.75 percent, and Hanwha Solarone (HSOL) , up about 3.5 percent. So far, 2014 has proven a solid year for solar companies, with TAN among the top-performing ETFs in the first quarter.

JA Solar Holdings’ stock chart currently shows some interesting patterns and technical factors that could mean the stock is due for a bigger move in the relatively near future. The stock recently began gaining again after hitting a rising support level that been running parallel to the stock’s 200-day SMA. It also came as the stock 14-day stochastic RSI dipped all the way to 0.00, giving traders two clear buy signals and sparking a mini-run over the last few days.

The support line appear solid, bouncing prices back upward five times since July of last year. However, this most recent downturn that pushed the stock into oversold territory and tested support came as a result of a double-top that resulted from the stock hitting resistance at $12.50 a share after a positive earnings report prompted a positive run.

With the convergence of these two strong trend lines, it appears as though prices are consolidating. As such, it’s possible that a major move up or down could be coming in the next few months based on these technical factors. However, there remain plenty of fundamental factors that could ultimately supersede these, most notably the company’s Q1 2014 earnings report.

Still, with price consolidation like this, it seems entirely possible that any news or fundamentals could ultimately act as the necessary catalyst to spark a big buying run or sell off.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for JASO
Investors Hangout
17 Apr 15 12:44:07
Stocks Trending Now: http://t.co/ge4HpDj3w8 $ISXIF $PUK.P $GOLHD $ARET $SAAX $JASO $FNJNW $ZLDPF $CCJMF $DLMI $HBSI $EVSBY ~
PennyStock Zone
17 Apr 15 10:58:09
http://t.co/EVox8b9KZk <-- This kid is the most controversial trader in the world! $LMCA $JASO $FBT $YOKU $OREX $SPAR $WFT.CA $XBI
1X Technologies Corp
17 Apr 15 09:34:00
RT @WindStreamTech: $WSTI Non-stop innovation coming out of our factory! http://t.co/bWUN1OuvNQ $SPWR $SCTY $FSLR $SOL $CSIQ $TSL $JASO $VS…
MK4Energy
17 Apr 15 09:03:14
RT @WindStreamTech: $WSTI Non-stop innovation coming out of our factory! http://t.co/bWUN1OuvNQ $SPWR $SCTY $FSLR $SOL $CSIQ $TSL $JASO $VS…
WindStream Tech
17 Apr 15 08:57:41
$WSTI Non-stop innovation coming out of our factory! http://t.co/bWUN1OuvNQ $SPWR $SCTY $FSLR $SOL $CSIQ $TSL $JASO $VSLR #windpower #solar
StockNewsWires
17 Apr 15 04:55:03
$TSL $JASO: Trina, JA Solar keen on building factories, PV plants in India: http://t.co/d1x733IJgs
Russell Barbour
16 Apr 15 12:44:37
http://t.co/Q5ClZ9o8Z5 <-- check out this high school aged trader making great money! $LMCA $JASO $FBT $YOKU $OREX $SPAR $WFT.CA $XBI
suriNotes
16 Apr 15 12:19:59
$JASO in Inv HS Pattern, Targets http://t.co/x4oy0uMC8u
PennyStock Zone
16 Apr 15 11:12:19
http://t.co/EVox8b9KZk <-- This kid is the most controversial trader in the world! $LMCA $JASO $FBT $YOKU $OREX $SPAR $WFT.CA $XBI
Al Finlaw
16 Apr 15 09:14:03
RT @SeanBrodrick: Solar Shakeout Seen As Bigger Module Makers Gain http://t.co/mdGSLOTZPV $TSL $CSIQ $FSLR $SPWR $JKS $JASO $ENPH $SEDG $Y…
Harry Walkman
16 Apr 15 07:02:46
$JASO JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) Fourth Quarter 2014 Post ... http://t.co/mUnx0c2cWj
LTentarelli
16 Apr 15 04:10:19
$JASO uptrend - Long http://t.co/xog2iRFZ9I
PennyStock Zone
15 Apr 15 17:33:51
http://t.co/EVox8b9KZk <-- This kid is the most controversial trader in the world! $LMCA $JASO $FBT $YOKU $OREX $SPAR $WFT.CA $XBI
John Turner
15 Apr 15 15:05:43
$JASO Slipping Stocks: JA Solar Holdings (JASO), Walter Energy, (WLT), http://t.co/a2MiiTON8m (JD ... http://t.co/mluvQRQ6Z4
Samuel Brown
15 Apr 15 15:05:41
$JASO JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) Fourth Quarter 2014 Post ... http://t.co/4TmjC81U39
Sufiy
15 Apr 15 14:51:33
RT @SeekingAlpha: Why The Strength In Solar? http://t.co/NXXjOFwCAY $SPWR $FSLR $JASO $SCTY
Venky Srinivasan
15 Apr 15 09:19:38
agree. most of $TAN facing stocks...rock solid performers this year - so far. $CSIQ, $FSLR, $JKS $JASO $SPWR https://t.co/UCopJDAn7U
Breaking News Now
15 Apr 15 05:47:03
$JASO: Zacks Short Term Rating on JA Solar Holdings Co. (NASDAQ:JASO): http://t.co/0zeshO2pzR
Alexey Borisov
14 Apr 15 21:52:10
RT @SeekingAlpha: Why The Strength In Solar? http://t.co/NXXjOFwCAY $SPWR $FSLR $JASO $SCTY
Quantpost Technology
14 Apr 15 21:32:04
$SPWR $FSLR $SCTY News: "Why The Strength In Solar? $SPWR $FSLR $JASO $SCTY" http://t.co/cdTa2MI1ED Analyze: https://t.co/rfs6cNu2TW
Quick Stock Ideas
14 Apr 15 21:32:03
Why The Strength In Solar? http://t.co/TlLGN0Eoxz $SPWR $FSLR $JASO $SCTY
Seeking Alpha
14 Apr 15 21:32:03
Why The Strength In Solar? http://t.co/NXXjOFwCAY $SPWR $FSLR $JASO $SCTY
PennyStock Zone
14 Apr 15 20:05:27
http://t.co/EVox8aSa7M <-- This kid is the most controversial trader in the world! $LMCA $JASO $FBT $YOKU $OREX $SPAR $WFT.CA $XBI
Sleek Money
14 Apr 15 06:50:36
JA Solar Holdings Co. Receives Consensus Rating of “Hold” from Brokerages $JASO http://t.co/yyqVEKsoXJ
Ticker Report
14 Apr 15 06:41:40
JA Solar Holdings Co. Receives Consensus Rating of “Hold” from Brokerages $JASO http://t.co/Za07EY1U3a
Dan Chapman
14 Apr 15 05:30:07
$JASO (JA Solar Holdings) stock breakout watch above 10.28 http://t.co/FbhHlD9yUL http://t.co/zirmDWDo8z
monestsignalen
14 Apr 15 02:54:03
Nieuwe bull flags #aandelen http://t.co/ZkTHv8Q8wC $STRL $RTRX $JASO
Breaking News Now
13 Apr 15 18:11:10
$JASO: JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) Given a $16.5 Price ...: http://t.co/DrMTlMeABl
Capital Market Labs
13 Apr 15 17:01:01
$YGE vs. $JASO vs. $SPWR vs. $JKS Compared Across 9 Critical Measures Chart: http://t.co/HjdkkBA331 #CML
Rich Henss
13 Apr 15 14:36:07
@RiskReversal $CSIQ and $JASO hardly a bubble. Both 10X eps.
Scott Smith
13 Apr 15 14:23:11
Setups I liked today that we'll be watching tomorrow. $EGRX $JASO $BLCM $BIND $W $CLDX $FMSA $HOTR $ACCO $VSLR More. http://t.co/xkt1jvVwyy
Sean Brodrick
13 Apr 15 13:03:32
Solar Shakeout Seen As Bigger Module Makers Gain http://t.co/mdGSLOTZPV $TSL $CSIQ $FSLR $SPWR $JKS $JASO $ENPH $SEDG $YGE $SOL
Trending Articles SA
13 Apr 15 12:30:02
The Growing Role Of Module Efficiency In The Solar Industry http://t.co/6pGz4vmmfG $CSIQ $FSLR $JASO $SCTY $SPWR $SUNE
TradificTrading
13 Apr 15 11:14:41
Chinese #solar plays hot today. $JASO b/o of bullish pennant with increasing volmue,over $10. $SOL already on the run http://t.co/rJnMC0qEtW
Clark Joseph Kent
13 Apr 15 11:12:08
Chinese solars up strongly after Shanghai rallies, RBC makes bull case $SOL $YGE $JASO $TSL $DQ $CSUN $CSIQ http://t.co/qQkWyJsnxd
Edward L
13 Apr 15 10:33:40
Stocks on the watch: $JASO, $CERS, $ONVO, $SQNM, $ARNA, $SUPN
OMAR  STOCKTRADER
13 Apr 15 09:34:05
Chinese solars up strongly after Shanghai rallies, RBC makes bull case $SOL $YGE $JASO $TSL $DQ $CSUN $CSIQ #NYSE http://t.co/NqwnVZXygE
DJ Olive
13 Apr 15 09:29:12
RT @MarketCurrents: Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/hpCoT6ZRck $SOL $YGE $JASO $TSL
efinancialpub.com
13 Apr 15 09:23:22
RT @MarketCurrents: Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/hpCoT6ZRck $SOL $YGE $JASO $TSL
efinancialpub.com
13 Apr 15 09:23:21
RT @SAlphaTech: Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/jVHpm0rvwR $SOL $YGE $JASO $TSL
Stocks On The Move
13 Apr 15 09:17:19
Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/vzyAG4s6XE $SOL $YGE $JASO $TSL
Tech Stocks SA
13 Apr 15 09:17:19
Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/jVHpm0rvwR $SOL $YGE $JASO $TSL
SA Breaking News
13 Apr 15 09:17:19
Chinese solars up strongly after Shanghai rallies, RBC makes bull case http://t.co/hpCoT6ZRck $SOL $YGE $JASO $TSL
NYCtrader2013
13 Apr 15 08:06:57
$JASO looking for a breakout.
Victor Riesco
13 Apr 15 07:32:18
Breaking out early & with vol: $GMAN $JASO $CSIQ
Daredevil
13 Apr 15 07:24:57
Top Market Movers Above $10: $JASO, $ZIOP, $ACHN, $BLDR, $HRG, $MCRL, $CCJ, $P, $JMEI, $JBLU, $NEM, $BKS, $DEPO, $QURE, $MDCO …..
Sean Brodrick
13 Apr 15 07:11:27
$JASO to test overhead resistance again. This solar maker is very undervalued. How high could it go on a breakout?
Stock Trade Alerts
13 Apr 15 06:58:08
Price Action Alert $JASO - JA SOLAR HOLDINGS #stocks #intraday ~ via #AlertTrade
NASDAQ
13 Apr 15 06:46:43
$JASO - The Growing Role Of Module Efficiency In The Solar Industry http://t.co/9lxzysXGC0
john smith
13 Apr 15 06:46:36
$JASO - The Growing Role Of Module Efficiency In The Solar Industry http://t.co/wd6PX0LWWE
				
				
By  +Follow April 1, 2014 7:54AM
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