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JA Solar Holdings (JASO) Gains on Northland Capital Coverage

By  +Follow April 1, 2014 7:54AM
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. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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Results for JASO
Brokerz bearish news
25 Nov 15 17:23:55
RT @tradingview - $JASO chart by alphatradingca: https://t.co/JD0lAUQgwf JASO break down .... bearish.
25 Nov 15 15:28:13
$JASO:US Why JA Solar Holdings (JASO) Could Shock the Market Soon #JA SOLAR HOLDINGS CO LTD https://t.co/P9JHAoOc36 #NASDAQ
25 Nov 15 09:06:09
$JASO: JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) Shares Given $12.333 …: https://t.co/CsCbwrXW6A
당의 승리는 정치인이나 하는 말이다
25 Nov 15 07:07:50
Zacks Equity Research iterated Buy on solar,"Long-Term Approach Needed" $SUNE $FSLR $SPWR $JASO $CSIQ
25 Nov 15 03:50:32
VXX iPath S&P 500 VIX Short-Term Futures ETN Last Trade https://t.co/5FjYN7JCFx $VXX $JASO $BBY.L $SPXS #VXX #share #share
Lucky Jimmy
25 Nov 15 03:42:04
JASO JA Solar Holdings, Co., Ltd. E.P.S. https://t.co/0Lfc6LeGmX $JASO $SPXS $SCMP $DO #JASO #finance #share
25 Nov 15 03:40:11
GOOGL Alphabet Inc. Prev Close https://t.co/8am9227Vtx $GOOGL $JASO $AAL $DZZ #GOOGL #investing #stock
Greg David
24 Nov 15 17:27:12
24 Nov 15 17:22:41
Scott Smith
24 Nov 15 12:21:10
$TAN Solar stocks starting to get my attention. $FSLR $SPWR $CSIQ $JKS $TSL $SUNE $JASO $VSLR https://t.co/xX40QHXpG6
24 Nov 15 12:01:16
Here are 4 solar stocks to brighten up your portfolio! $FSLR $JASO $SPWR $CSIQ https://t.co/CeXfpdYkuO
24 Nov 15 08:48:02
Trina Solar's Q3 Earnings Driven By Demand In China, U.S. https://t.co/nQvEGeiizx by Trefis Team $TSL $JASO $YGE
Don Hand
24 Nov 15 08:12:19
China Solar - $JKS best of breed $CS has $45 target. $JASO free money, going private at $9.69, approval pending.
24 Nov 15 05:41:18
Why This An Opportune Time To Build A Short-Term Position In Solar Companies For 2016 https://t.co/M4YIDl4mr9 $FSLR $JASO $JKS $SCTY $SPWR
Energy Shots
23 Nov 15 21:10:14
RT @sheltonwillia1: #Premarket Top % Gainers: $CLLS 9%, $CMCM 7%, $VIPS 5%, $DWTI 5%, $JKS 4% $DGAZ $RUSL $HD $SCO $FIT $MY $JASO $DUST $WM…
23 Nov 15 20:40:05
https://t.co/08FOZAfhqz How SuperTrades Made Over Six Figures Last Week In A Very Tough Market! free video!!! $RE $JASO $AKRX
23 Nov 15 15:33:45
$JASO:US Jacobs (JEC) Beats on Q4 Earnings and Revenues #JA SOLAR HOLDINGS CO LTD https://t.co/5w6WvDSFzw #NASDAQ
23 Nov 15 14:45:31
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here https://t.co/8WvnrVmkBS .. $RDNT $CASM $JASO
23 Nov 15 12:10:02
$JASO: Ratings and Sentiment Update on JA Solar Holdings, Co., Ltd …: https://t.co/VtwQTeGDhF
23 Nov 15 07:29:25
$JASO:US Jacobs (JEC) Beats on Q4 Earnings and Revenues #JA SOLAR HOLDINGS CO LTD https://t.co/M8xiXLQvWh #NASDAQ
Greg David
23 Nov 15 05:47:13
Wall Street
23 Nov 15 05:35:42
23 Nov 15 05:32:58
Allen Simpson
22 Nov 15 18:03:15
#Watchlist $JASO Large wedge formation watching 8.80 resistance area https://t.co/3smkw7N6HI
Breaking News Now
22 Nov 15 14:11:02
$JASO: Company Shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO …: https://t.co/QdrE2bsEXP
Wall Street
22 Nov 15 12:30:54
Greg David
22 Nov 15 12:07:48
22 Nov 15 12:06:48
Keebler Elf
22 Nov 15 05:43:29
$JASO -a bunch of solars with reversals 12% short here above that 8.65 this could squeeze up to 9ish https://t.co/Jw6u8NBssA
Wholesale MBA
22 Nov 15 01:43:42
RT @sheltonwillia1: #Premarket Top % Gainers: $CLLS 9%, $CMCM 7%, $VIPS 5%, $DWTI 5%, $JKS 4% $DGAZ $RUSL $HD $SCO $FIT $MY $JASO $DUST $WM…
22 Nov 15 00:49:30
SPXL Direxion Daily S&P 500 Bull 3X Shares Last Price https://t.co/kdtYW02Y90 $SPXL $JASO $JDST $ATVI #SPXL #finance #stock
22 Nov 15 00:45:14
MJMJ MaryJane Group, Inc. Change https://t.co/Ij89rtmz59 $MJMJ $HRS $HOU.TO $JASO #MJMJ #stocks #invest
Investors Hangout
22 Nov 15 00:42:37
JASO JA Solar Holdings, Co., Ltd. E.P.S. https://t.co/fKJnaiHipB $JASO $NAV $CFX $JNUG #JASO #stocks #share
22 Nov 15 00:38:04
EWZ Brazil iShares Ideas https://t.co/F6gPNQk7PR $EWZ $KRE $JASO $SIPC #EWZ #stock #stocks
JM Christophe
21 Nov 15 12:05:04
RT @Trefis: Trina Solar Q3 Preview: Shipments Mix, Better Costs, Projects Business Could Drive ... http://t.co/Qw7HVUYtWh by Trefis Team $T…
21 Nov 15 11:27:27
$JASO #((UFOS))-UFO-Sighting *ema: 5>13>62 *click pic-4-squeeze https://t.co/kK14NZwLsk
21 Nov 15 11:14:09
$JASO $WMT: Wal-mart Stores (WMT) Earnings Report: Q3 2016 Conference Call …: https://t.co/PbdcY32VkE
Penny Stocks Tips
21 Nov 15 00:54:08
Company Shares of JA Solar Holdings, Co., Ltd. $JASO Rally 3.33%
Energy Shots
20 Nov 15 21:41:49
RT @sheltonwillia1: #Premarket Top % Gainers: $CLLS 9%, $CMCM 7%, $VIPS 5%, $DWTI 5%, $JKS 4% $DGAZ $RUSL $HD $SCO $FIT $MY $JASO $DUST $WM…
China Invest
20 Nov 15 13:45:19
RT SeekingAlpha: Why This An Opportune Time To Build A Short-Term Position In Solar Companies For 2016 https://t.co/sAS6b06ieG $FSLR $JASO…
Quick Stock Ideas
20 Nov 15 13:27:41
Why This An Opportune Time To Build A Short-Term Position In Solar Companies For 2016 https://t.co/jExsl6fMfL $FSLR $JASO $JKS $SCTY $SPWR
Seeking Alpha
20 Nov 15 13:27:40
Why This An Opportune Time To Build A Short-Term Position In Solar Companies For 2016 https://t.co/rnOg1Cblja $FSLR $JASO $JKS $SCTY $SPWR
Dakota Financial
20 Nov 15 05:27:44
Roth Capital Analysts Boosts Earnings Estimates for JA Solar Holdings Co. $JASO https://t.co/WJhGwb0c5W
Consumer News
20 Nov 15 05:27:24
JA Solar Holdings Co. to Post FY2015 Earnings of $1.61 Per Share, Roth Capital Forecasts $JASO https://t.co/mGf7erRrCg #acn
20 Nov 15 05:25:59
JA Solar Holdings Co. $JASO to Post FY2015 Earnings of $1.61 Per Share, Roth Capital Forecasts https://t.co/yRvJoKUtYI
US Banking News
20 Nov 15 05:22:48
JA Solar Holdings Co. to Post FY2015 Earnings of $1.61 Per Share, Roth Capital Forecasts $JASO https://t.co/vzNoXi39i5
Binary Trader Pro
20 Nov 15 00:19:40
RT https://t.co/fhMGWkhKCO Get your say in on $JASO at SpeculatingStocks, the discovery engine. https://t.co/cA2QGIGU9A #stocks
20 Nov 15 00:18:07
Get your say in on $JASO at SpeculatingStocks, the discovery engine. https://t.co/UbTphPjgod #stocks
The Legacy News
19 Nov 15 18:22:21
JA Solar Holdings Co. Stock Price Down 1.9% $JASO https://t.co/NaXRA4hgzG
Jack Thero
19 Nov 15 13:03:03
Commented on: "Enphase: Story Of A Company That Should Never Have Gone Public" https://t.co/GOZWJZ5H30 $ENPH $JASO $JKS $RUN
By  +Follow April 1, 2014 7:54AM



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