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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
4 Oct 15 18:14:02
$JASO: Company Shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO …: http://t.co/DB4jdZj3C2
4 Oct 15 15:12:12
4 Oct 15 10:58:04
Will $CSIQ $SCTY $TSL $JASO $TAN be shine late in this fall?
Breaking News Now
4 Oct 15 09:46:04
$JASO: Brokerage Firm Focus: JA Solar Holdings, Co., Ltd. (NASDAQ:JASO): http://t.co/iowHlm7MTj
Venky Srinivasan
4 Oct 15 09:02:50
$JASO If it can clear 8.54, has room to 9.36. MACD crossed up. RSI & STO lining up as well. Nice volume last week. http://t.co/dqhshU9nyt
Ben Silverberg
4 Oct 15 08:51:01
$JASO In n Out Play, over R 8.43 triggers Buy with PT#1 9.21, Bullish MACD Xover, S/Stop 7.93 http://t.co/EKt5w7Etig
Wall Street
3 Oct 15 09:38:08
lex stolen
2 Oct 15 18:10:08
RT @kevinlennil: M&A Daily: EU Sends FedEx Package Of Objections http://t.co/uRkphZbkyL $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMC…
NeO Intelligence
2 Oct 15 10:22:28
RT @SAlphaTrending: M&A Daily: EU Sends FedEx Package Of Objections http://t.co/CvwKaonlM6 $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $…
Trending Articles SA
2 Oct 15 10:00:04
M&A Daily: EU Sends FedEx Package Of Objections http://t.co/CvwKaonlM6 $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMCS $POM $STE
Kevin Lennil
2 Oct 15 09:53:55
M&A Daily: EU Sends FedEx Package Of Objections http://t.co/uRkphZbkyL $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMCS $POM $STE
Seeking Alpha
2 Oct 15 08:41:12
M&A Daily: EU Sends FedEx Package Of Objections http://t.co/pdLEP8t6Pd $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMCS $POM $STE
Stock Market Outlook
2 Oct 15 08:41:12
M&A Daily: EU Sends FedEx Package Of Objections http://t.co/tiCpZ4Wz1p $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMCS $POM $STE
Seeking Alpha
2 Oct 15 08:41:11
M&A Daily: EU Sends FedEx Package Of Objections http://t.co/5ZPLb0Br1F $CSTE $CYT $EMC $EXC $FGL $HME $HRG $JASO $LUK $PMCS $POM $STE
Stock Trade Alerts
2 Oct 15 07:49:35
Price Action Alert $JASO - JA SOLAR HOLDINGS #stocks #intraday ~ via #AlertTrade
2 Oct 15 05:40:09
$JASO: New SEC Filing for JASO: Form SC 13G (No. 0001104659-15-068776): http://t.co/OxhV0DUK6C
SEC Filings Reporter
2 Oct 15 05:39:12
NEW SEC Filing for $JASO filed a moment ago: http://t.co/DZjw5tEzVS http://t.co/EMWL0NSc4U
Investors Hangout
2 Oct 15 03:51:24
XIV VelocityShares Daily Inverse VIX Short Term ETN Ask http://t.co/yI0pe0Rvy2 $XIV $JASO $PRTA $GNCA #XIV #stock #tradeideas
Investors Hangout
2 Oct 15 03:48:07
TLT iShares Barclays 20+ Year Treasury Bond Fund 52Wk Low http://t.co/L7C5JL7LbS $TLT $JNUG $DUST $JASO #TLT #investing #nasdaq
2 Oct 15 03:44:06
MU Micron Technology, Inc. Financials http://t.co/s6VVYHfCyK $MU $JASO $EWP $EA #MU #finance #tradeideas
2 Oct 15 03:44:05
MU Micron Technology, Inc. Financials http://t.co/dy6Bb3uV4n $MU $JASO $EWP $EA #MU #finance #tradeideas
2 Oct 15 03:43:29
MDCO Medicines Co. Yield http://t.co/h7DBrLMZJV $MDCO $UA $XFN.TO $JASO #MDCO #stock #stock
2 Oct 15 03:43:06
INTC Intel Corp. Ideas http://t.co/8G8tfVRhKj $INTC $ARDX $JASO $UNG #INTC #share #share
Stock Forums
2 Oct 15 03:42:42
JASO JA Solar Holdings, Co., Ltd. Company Info http://t.co/yAngaEMM1z $JASO $RDSH $AEZS $INTC #JASO #investing #pennystocks
2 Oct 15 03:42:35
JASO JA Solar Holdings, Co., Ltd. Volume http://t.co/U9nIuR0yQz $JASO $AAPL $GM $RDSH #JASO #investing #stocks
2 Oct 15 03:42:34
JUNO Juno Therapeutics, Inc. Last Price http://t.co/0HZfRu0sql $JUNO $JASO $GTN $IBM #JUNO #stocks #stockmarket
Rosner Stocks
2 Oct 15 03:42:29
JASO JA Solar Holdings, Co., Ltd. P/E Ratio http://t.co/Ykjrc4yphf $JASO $SCMP $RDSH $EQIX #JASO #nasdaq #stock
2 Oct 15 03:42:19
JASO JA Solar Holdings, Co., Ltd. Company Info http://t.co/MNRGM5nVhH $JASO $CY $DHI $COH #JASO #stockmarket #invest
2 Oct 15 03:42:18
JASO JA Solar Holdings, Co., Ltd. Stock Forum http://t.co/JMTtu7KFiw $JASO $SCMP $SPXL $EWS #JASO #invest #stock
2 Oct 15 03:37:51
FCX Freeport-McMoRan, Inc. Current Price http://t.co/x2IoKvIGio $FCX $BTU $INTC $JASO #FCX #stockmarket #pennystocks
2 Oct 15 03:34:06
CALM Cal-Maine Foods, Inc. EOD Data http://t.co/cciw66b8r5 $CALM $EXEL $INTC $JASO #CALM #stock #nasdaq
IH News Desk
2 Oct 15 03:33:26
BABA Alibaba Group Holding Ltd. Investor Opinions http://t.co/IVYok00RDB $BABA $DIA $JASO $XBI #BABA #nasdaq #nasdaq
2 Oct 15 03:33:24
BBD/B.TO Bombardier Quotes http://t.co/BhdCu3GNBm $BBD/B.TO $JASO $NUGT $FIT #BBD/B.TO #share #nasdaq
2 Oct 15 03:33:23
AVXL Anavex Life Sciences Corp. Day Low http://t.co/6ERErDme2k $AVXL $JASO $SMN $QLD #AVXL #share #stock
2 Oct 15 03:33:13
BBD/B.TO Bombardier Quotes http://t.co/kLKOoC5owd $BBD/B.TO $G $TBEV $JASO #BBD/B.TO #tradeideas #invest
2 Oct 15 01:13:02
$JASO: Wall Street analysts bullish on JASO's earnings growth: http://t.co/flnrQa1leF http://t.co/YOrJ4eVMGk
2 Oct 15 00:48:09
USO United States Oil Fund, LP Ask http://t.co/n9LUlXDdon $USO $TBEV $MBVX $JASO #USO #investing #stock
2 Oct 15 00:46:35
TLT iShares Barclays 20+ Year Treasury Bond Fund News http://t.co/EeqPL9RWDj $TLT $IMSC $DWTI $JASO #TLT #pennystocks #stocks
2 Oct 15 00:46:06
SWKS Skyworks Solutions Inc. Stock Forum http://t.co/QLobtalbo9 $SWKS $BHP $NVA.L $JASO #SWKS #nasdaq #stock
2 Oct 15 00:43:07
QLD ProShares Ultra QQQ Fund P/E Ratio http://t.co/BiKLDq2AKn $QLD $JNK $PATK $JASO #QLD #stockmarket #stocks
IH News Desk
2 Oct 15 00:42:08
ONE Higher One Holdings Inc. Yield http://t.co/kllKAupByK $ONE $JASO $EUM $GS #ONE #stocks #stocks
IH News Desk
2 Oct 15 00:40:13
LABU Direxion Daily S&P Biotech Bull 3X Shares Open http://t.co/Brjf2wQsvP $LABU $ALK $MYHI $JASO #LABU #finance #share
2 Oct 15 00:39:34
JASO JA Solar Holdings, Co., Ltd. Volume http://t.co/dH8Ek1lHIT $JASO $JASO $WETF $ARTH #JASO #invest #share
2 Oct 15 00:39:27
JASO JA Solar Holdings, Co., Ltd. Ask http://t.co/L9hEwHmdAA $JASO $DUST $COD.L $EEM #JASO #invest #stockmarket
2 Oct 15 00:39:24
ITEK Inotek Pharmaceuticals Corp. Current Price http://t.co/PxNRTIqxTu $ITEK $JASO $AMGN $AKRX #ITEK #stockmarket #stocks
2 Oct 15 00:39:22
JASO JA Solar Holdings, Co., Ltd. Stock Forum http://t.co/ZPymZzaBfb $JASO $SPXU $DFE $DUG #JASO #tradeideas #nasdaq
2 Oct 15 00:37:35
GDXJ Market Vectors Junior Gold Miners EOD Data http://t.co/E9iKWdhIQi $GDXJ $JASO $JNUG $CSU.TO #GDXJ #finance #share
2 Oct 15 00:34:35
DUG ProShares UltraShort Oil & Gas Yield http://t.co/uXSCdm83N0 $DUG $MRO $IMSC $JASO #DUG #pennystocks #stock
2 Oct 15 00:32:44
BABA Alibaba Group Holding Ltd. Day Low http://t.co/TfRwXXF1zd $BABA $JASO $CCL/B.TO $CSH/UN.TO #BABA #tradeideas #invest
2 Oct 15 00:31:45
AMZN http://t.co/XLgWx3nScY, Inc. Quotes http://t.co/1EKZ7CdtV5 $AMZN $DOX $JASO $ARTH #AMZN #stocks #tradeideas
By  +Follow April 1, 2014 7:54AM



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