logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

JA Solar Holdings (JASO) Gains on Northland Capital Coverage

By  +Follow April 1, 2014 7:54AM
Share:
Tickers Mentioned:

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.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for JASO
Nick Hillebrand
1 Sep 14 17:31:57
@pennies4stocks What is your expectation for $JASO in coming months and years?
Financial Headlines
1 Sep 14 17:28:18
$JASO: Stocks Alert: JA Solar Holdings Co (ADR) (JASO), Thoratec Corporation (THOR ... http://t.co/ddXB8LEfJ8 http://t.co/z6uH9VFqwH
PennyStock Zone
1 Sep 14 16:51:15
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Josh Farkas
1 Sep 14 04:55:29
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
PennyStock Zone
31 Aug 14 05:06:47
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Q6vtkuSPbk $GLD $USU $JASO $SALE
PennyStock Zone
30 Aug 14 20:34:50
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
PennyStock Zone
30 Aug 14 17:12:47
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
PennyStock Zone
30 Aug 14 10:30:00
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Market Updater
29 Aug 14 16:28:09
$JASO: Why JA Solar (JASO) Stock Is Falling Today http://t.co/lScfLXy5tt http://t.co/TMsJiYwGmf
Stock Market Monitor
29 Aug 14 15:28:24
$JASO: Why JA Solar (JASO) Stock Is Falling Today http://t.co/GToFI4i9Do http://t.co/upcOn2nOL4
Charles V Payne
29 Aug 14 15:28:23
RT @gacman57: @cvpayne CVP are you talking to me about $JASO! $SIMO has offset and I am kicking myself on $SPLK as I am in the biz!!! #askp…
Greg Candelaria
29 Aug 14 15:26:52
@cvpayne CVP are you talking to me about $JASO! $SIMO has offset and I am kicking myself on $SPLK as I am in the biz!!! #askpayne
PennyStock Zone
29 Aug 14 11:24:03
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
China Stock Research
29 Aug 14 09:55:05
Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/vrHCYW04er $TSL $JASO $JKS $YGE $CSIQ
Albert Chitemyan
29 Aug 14 08:53:44
$TSL $YGE $JASO holding well after earnings gap. Like it, but would need more time to consolidate
PennyStock Zone
29 Aug 14 08:52:25
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Seb Henbest
29 Aug 14 08:41:45
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
Biz News Pioneer
29 Aug 14 08:28:19
$JASO: [video] Stock Pops & Drops: JBLU, CMLS, JASO, HLF http://t.co/ACqwIkNoPk http://t.co/ySSzq8ZAN3
docking
29 Aug 14 08:23:31
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
Tr8r_X
29 Aug 14 08:19:11
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
Austin Gibble
29 Aug 14 08:16:56
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
Verizon
29 Aug 14 08:13:55
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
VerizonGreen
29 Aug 14 08:12:36
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
John Columbus
29 Aug 14 08:12:36
RT @ehreng: Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $…
Ehren Goossens 戈建深
29 Aug 14 08:10:33
Solar Makers Set for Record 2014 Sales on Strong Demand http://t.co/4oyLz8UnAv via @BloombergNews $CSIQ $YGE $SPWR $TSL $HSOL $FSLR $JASO
Andrew Snow
29 Aug 14 07:38:47
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Tech Alerts
29 Aug 14 07:30:04
Trina Solar Remains Well Positioned In Spite Of Q2 Shortfall http://t.co/8SscerkLbn $CSIQ $JASO $JKS $TSL
Market Int Center
29 Aug 14 07:29:49
JA Solar $JASO Showing Bearish Technicals With Support At $8.93 ( http://t.co/3UGJQBs36D )
Gifford Rowland
29 Aug 14 05:23:35
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Clair Norris
28 Aug 14 16:01:05
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Hubert Lehman
28 Aug 14 14:20:32
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Contrarian Investor
28 Aug 14 12:47:23
The TCI Solar investing forum is growing: http://t.co/Fb8ULR6uLO $GTAT $TSL $JASO $CSIQ $JKS $HSOL $SCTY $FSLR $AAPL $SPWR $SOL #Solarpv
Casey Blue
28 Aug 14 11:24:23
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
True Contrarian
28 Aug 14 06:54:23
RT @SeekingAlpha: Trina Solar Remains Well Positioned In Spite Of Q2 Shortfall http://t.co/Vfdtuo9B52 $CSIQ $JASO $JKS $TSL
Seeking Alpha
28 Aug 14 06:53:58
Trina Solar Remains Well Positioned In Spite Of Q2 Shortfall http://t.co/Vfdtuo9B52 $CSIQ $JASO $JKS $TSL
Minh Peacock
27 Aug 14 22:17:02
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Beth House
27 Aug 14 21:04:40
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Rhett Estes
27 Aug 14 21:04:37
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Raymond Curry
27 Aug 14 20:48:23
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Chas Denton
27 Aug 14 20:48:22
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Josef Dowdy
27 Aug 14 20:32:55
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
PennyStock Zone
27 Aug 14 19:44:43
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Q6vtkuSPbk $GLD $USU $JASO $SALE
Casey Cherry
27 Aug 14 19:29:54
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Renato Conley
27 Aug 14 19:26:34
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Jimmy Helms
27 Aug 14 19:26:02
RT @sk7son: What Happened To JA Solar $JASO? | Solar Feeds News
Stock Headlines
27 Aug 14 15:28:13
$JASO: JA Solar's RIECIUM Module Passes 500-Hour PID Test Conducted by TUV SUD http://t.co/jejSuHVLS4 http://t.co/wic39j0n3L
Anthony Labelle
27 Aug 14 15:12:34
BYD Co and GCL Poly are other Chinese giants who may attempt further consolidation of the industry. #Solar $JKS $TSL $YGE $JASO $SOL $CSIQ
Bill Tracy
27 Aug 14 12:06:29
RT @KourtlandW: $RGSE is in Manhattan $SCTY $FSLR $SUNE $SPWR $HSOL $CSIQ $JASO $JKS http://t.co/N7rp4ZWLTP
Contrarian Investor
27 Aug 14 11:33:01
Short or long? Join the solar discussion here: http://t.co/Fb8ULR6uLO $GTAT $CSIQ $SOL $RGSE $TSL $YGE $JASO $FSLR $SPWR $JKS $SCTY $CSUN
PennyStock Zone
27 Aug 14 07:47:35
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
				
				
By  +Follow April 1, 2014 7:54AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.