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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.


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Results for JASO
Nasdaq Trades
28 Nov 14 11:08:14
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $JBLU $AMBA $VNET $QIHU $TSL $OUTR $SCTY $JKS $JASO $SUNE $SLXP …
Sonja Klingelhöffer
28 Nov 14 11:06:00
RT @SeekingAlpha: JA Solar Holdings: A Company With High Profit Margins For Investors http://t.co/KVxPMXqkb2 $JASO
Jeff Siegel
28 Nov 14 10:30:55
But OPEC Doesn't Produce Electrons! http://t.co/d7SdyFBGTY $TSL $CSIQ $JASO $YGE $FSLR $SPWR $SKYS $VSLR $SCTY #solar #OPEC
Sam
28 Nov 14 09:49:16
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $JBLU $AMBA $VNET $QIHU $TSL $OUTR $SCTY $JKS $JASO $SUNE $SLXP …
Alysia Sarkisian
28 Nov 14 09:45:53
RT @SeekingAlpha: JA Solar Holdings: A Company With High Profit Margins For Investors http://t.co/KVxPMXqkb2 $JASO
Seeking Alpha
28 Nov 14 09:41:33
JA Solar Holdings: A Company With High Profit Margins For Investors http://t.co/KVxPMXqkb2 $JASO
Stock Signaling
28 Nov 14 09:31:06
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $JBLU $AMBA $VNET $QIHU $TSL $OUTR $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX
Mitch Stark
28 Nov 14 07:54:29
The energy sector remains down with $SOL $CSIQ $YGE $TSL $JASO $SPWR $FSLR all approaching -10.00% early in the early solar market #stocks
frank kolnacki
28 Nov 14 07:03:35
$AAL $GPRO $JDST $JASO $GOL +49 total and done for the day. Another green week. Have a good weekend. http://t.co/EA8IlA3RaP
NewsHedge Squawk
28 Nov 14 06:43:41
$JASO price action alert
Large Void Bot
27 Nov 14 13:00:25
Popular: $UNH, $TTPH, $PBPB, $DNR, $D, $SSE, $TLM, $ISIL, $MNK, $JASO, $DECK, $MCD, $TAN, $SRPT
Stock Signaling
27 Nov 14 09:31:03
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $AMBA $VNET $QIHU $TSL $OUTR $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CSIQ
frank kolnacki
27 Nov 14 08:32:46
11/28 Fri watch longs $IDRA $WUBA $EJ $IMGN $JASO ( $TIVO -bounce entry on higher low. ) $IG Short biased: $XOMA $ARIA $BYD $FOLD Short day
Alysia Sarkisian
26 Nov 14 23:12:18
RT @SeekingAlpha: Why JA Solar Looks Like A Good Option To Benefit From The Solar Industry's Growth http://t.co/wHBR23u9V0 $JASO
Seeking Alpha
26 Nov 14 23:08:17
Why JA Solar Looks Like A Good Option To Benefit From The Solar Industry's Growth http://t.co/wHBR23u9V0 $JASO
Nine Stocks
26 Nov 14 17:04:09
MA10-MA50 Bull Crossover Stocks (Nov. 26): $BBD, $CBB, $CMLS, $ITUB, $JASO, $TMUS, $VIAB http://t.co/RnkUmSiCz1
4-traders.com
26 Nov 14 14:35:17
JA Solar : Sets Power Output Record of >280W for Multi-Si 60-cells Solar Modules http://t.co/S25FZnbdik $JASO
danrocks
26 Nov 14 12:24:50
Right now JASO is number 244 for the largest percentage gain out of 250 stocks. $JASO JASO is up +8.14% in the http://t.co/CvVCR2kyY1
danrocks
26 Nov 14 12:24:28
$JASO JASO Stock is number 244 for the largest percentage gain out of 250 stocks. $JASO JASO is up +8.14% in the las http://t.co/YPJ4DlDQpi
Stock Signaling
26 Nov 14 09:31:06
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $QIHU $TSL $OUTR $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CSIQ $OREX $AMBA
Market Int Center
26 Nov 14 08:22:38
Potential JA Solar $JASO Trade Targets 11.89% Return ( http://t.co/I1FaBbCCbZ )
teevee
26 Nov 14 07:31:30
$JASO has o/h MA http://t.co/ia5tXfiVo3
teevee
26 Nov 14 07:29:18
$JASO from the other day= cash out w/ 100 bux on 100 sh
Lee Renrut
26 Nov 14 06:46:43
$Jaso oh yes..10
Proprietary Trading
26 Nov 14 06:31:19
#Stocks #Trading #Watchlist for Wednesday, Nov 26, 2014 http://t.co/J4f2NoMd1s - $JASO $AERI $DSKY http://t.co/sE9FcLKOXF
Jake13
26 Nov 14 02:46:16
JASO Year to date has changed +0.33% percent. +11.38% in the last 30 days. $JASO JA Solar Holdings Co. Full br http://t.co/Myomjs8r7B
Jake13
26 Nov 14 02:45:53
$JASO JASO Stock year to date has changed +0.33% percent. +11.38% in the last 30 days. $JASO JA Solar Holdings Co. F http://t.co/1eRg3XanxD
chartguy89
26 Nov 14 02:17:43
JASO 9.20 JA Solar Holdings Co. Stock Charts $JASO Last Updated: 11/25/14 Last price: 9.20 Total volume: 3,489 http://t.co/9Cgtwjq8Yf
chartguy89
26 Nov 14 02:17:27
$JASO JASO 9.20 JA Solar Holdings Co. Stock Charts $JASO Last Updated: 11/25/14 Last price: 9.20 Total volume: 3,489 http://t.co/5Z3VmUQW9o
Polyticks
25 Nov 14 22:36:30
RT @shuli_ren: China’s Clean Energy Benefits Big From Beijing’s Rate Cut http://t.co/ufaOZDLNq0 via @barronsonline $TAN $JKS $YGE $JASO
Lionel Ballard
25 Nov 14 22:32:28
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Russell Valdez
25 Nov 14 18:58:57
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Darrick Herndon
25 Nov 14 16:06:09
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
FinSentS NASDAQ
25 Nov 14 15:50:27
$JASO:US Trina Solar: Q3 Miss, Q4 Weak Why Raymond James Is Worried #JA SOLAR HOLDINGS CO LTD http://t.co/uyjP5JkWdm #NASDAQ
Tristan Silva
25 Nov 14 12:37:36
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
smart-ticker.com
25 Nov 14 12:10:23
Market close top stocks bear trade ideas: $BECN $CASY $GRMN $INCY $CLMT $OEH $JASO $ICPT $BRCD $OSUR
Keenan Perdue
25 Nov 14 11:47:14
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Tony Lynn
25 Nov 14 11:46:22
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Casey Barry
25 Nov 14 11:46:14
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Roderick Jackson
25 Nov 14 11:45:32
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Newton Becker
25 Nov 14 11:43:46
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Tyrell Xiong
25 Nov 14 10:55:21
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Christoper Kincaid
25 Nov 14 10:53:41
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Brian Bowers
25 Nov 14 10:50:44
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
NewsTalk
25 Nov 14 10:18:00
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $QIHU $OUTR $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CS…
leahanne
25 Nov 14 10:12:19
Volume Alert - JASO 9.50 JA Solar Holdings Co. $JASO Hit a high today of 9.54 Closing the day 10:30 at 9.50 +0 http://t.co/qXv5M4Kz9t
leahanne
25 Nov 14 10:11:57
$JASO Volume Alert - JASO Stock 9.50 JA Solar Holdings Co. $JASO Hit a high today of 9.54 Closing the day 10:30 at 9 http://t.co/bLIdh3C0e2
Eusebio Hamilton
25 Nov 14 09:41:19
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Rhett Reid
25 Nov 14 09:40:44
RT @gyr15telkor: What Happened To JA Solar $JASO? | Solar Feeds News
Stock Signaling
25 Nov 14 09:31:03
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $QIHU $OUTR $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CSIQ $OREX $AMBA $ACHN
				
				
By  +Follow April 1, 2014 7:54AM
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