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.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for JASO
PennyStock Zone
20 Sep 14 12:16:57
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
PennyStock Zone
19 Sep 14 05:36:07
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
A COMPLACENT TRADER
19 Sep 14 03:45:59
“@zozotrader: Global solar cell demand in 2014 estimated at 40GWp, say Taiwan makers http://t.co/d4ilUeMbDW $FSLR $JASO $TSL $CSIQ " RT $TAN
ZOZO
19 Sep 14 03:42:19
Global solar cell demand in 2014 estimated at 40GWp, say Taiwan makers http://t.co/OASwu39r2W $FSLR $JASO $TSL $CSIQ
ollielindsay
18 Sep 14 22:00:32
RT @pstock805: $BABA - (IMO) - some other Chinese plays may get attention - $VNET $JASO $VIMC $HSOL $JRJC $CSUN $MOBI $HPJ $NQ #BABA
pstock805
18 Sep 14 21:25:51
$BABA - (IMO) - some other Chinese plays may get attention - $VNET $JASO $VIMC $HSOL $JRJC $CSUN $MOBI $HPJ $NQ #BABA
Investors Hangout
18 Sep 14 10:20:08
DennyT: BSPM Insider Disclosure $BSPM $BIIB $C $JASO http://t.co/0IFNhFxEyV
Investors Hangout
18 Sep 14 10:20:08
DennyT: BSPM Insider Disclosure $BSPM $BIIB $C $JASO http://t.co/CS2nPSYlo6
Investors Hangout
18 Sep 14 10:19:30
Emylers: $JASO Up to date company activities and other http://t.co/Ut1fasrdZW
Investors Hangout
18 Sep 14 10:19:12
Emylers: $JASO Up to date company activities and other http://t.co/ONqwqVGWZf
DennyT
18 Sep 14 10:11:16
BSPM Insider Disclosure $BSPM $BIIB $C $JASO $GRCU Opinion Today,TA,Close,Headlines,Getting Interesting Stock http://t.co/ctLuVCXBho
Emylers
18 Sep 14 10:06:28
$JASO Up to date company activities and other important information about $JASO http://t.co/ewaDWaufws
Investors Hangout
18 Sep 14 08:52:37
danrocks: $JASO Is this one to watch? $KEY $NTEK $CSCO $AA http://t.co/YRIKslbkUK
Investors Hangout
18 Sep 14 08:52:37
danrocks: $JASO Is this one to watch? $KEY $NTEK $CSCO $AA http://t.co/uNRJcSHqmZ
danrocks
18 Sep 14 08:41:31
$JASO Is this one to watch? $KEY $NTEK $CSCO $AA $RSH http://t.co/sZem21GC7c
lookn4wins
18 Sep 14 08:40:28
$MUX Daily Chart $MUX Most recent stock chart and technical analysis. $JASO $MONIF $GTAT $DUST $ANV $SNDK http http://t.co/16JWycUiws
RC
18 Sep 14 07:25:28
Potential Intraday Runners |http://t.co/3qbvzIMDMG $SUNE, $JASO, $GOGO, $LULU, $MTG, $SPWR, $ZOES, $WPRT, $ZOES, $CSUN, $CLVS
Investors Hangout
18 Sep 14 07:21:20
danrocks: $MNKD Hit my list a few days ago $GILD $JASO $XLP http://t.co/1phQhbHKbj
Investors Hangout
18 Sep 14 07:21:20
danrocks: $MNKD Hit my list a few days ago $GILD $JASO $XLP http://t.co/ajqJnhRJ7o
iHangout
18 Sep 14 07:07:41
http://t.co/Vv1sYDyeQn danrocks: Cheeky's Board!: $MNKD Hit my list a few days ago $GILD $JASO $XLP http://t.co/rNrIduiwxB
Extreme Stocks
18 Sep 14 07:07:18
danrocks: $MNKD Hit my list a few days ago $GILD $JASO $XLP http://t.co/bazehohWE3
danrocks
18 Sep 14 07:04:15
$MNKD Hit my list a few days ago $GILD $JASO $XLP $ATP.TO $IBB http://t.co/YgGYq2uIyP
Blaine Tarr
18 Sep 14 06:38:25
$JASO needs to clear 10.50
buylowsellhigh
18 Sep 14 04:17:12
RT @charts123: Buy signals in Asia: $MOBI $TSL $DSKY $CMGE $CREG $YGE $JASO http://t.co/FAa6smKjJf #stocks
Charts 123
17 Sep 14 21:17:02
Buy signals in Asia: $MOBI $TSL $DSKY $CMGE $CREG $YGE $JASO http://t.co/FAa6smKjJf #stocks
Charts 123
17 Sep 14 18:17:02
Asia buy signals: $MOBI $TSL $DSKY $CMGE $CREG $YGE $JASO http://t.co/FAa6smKjJf #stocks
Greg Candelaria
17 Sep 14 15:28:28
@cvpayne @MatthewMcCall C'mon man, updates on $JASO & $SIMO PLEASE? #askpayne
Charts 123
17 Sep 14 14:43:04
Emerging Markets buy signals: $MOBI $TSL $DSKY $CMGE $CREG $YGE $JASO http://t.co/FxJfTc6a5b #stocks
 Luke Murray
17 Sep 14 11:39:03
$JASO out 10.16 -.03 on fail of hod break
 Luke Murray
17 Sep 14 11:35:36
$JASO in 10.19
Income Traderz
17 Sep 14 11:35:23
$JASO for hod break and run
PennyStock Zone
17 Sep 14 11:15:06
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Q6vtkuSPbk $GLD $USU $JASO $SALE
Duke Rexx
17 Sep 14 10:12:57
RT @theflynews: $CSIQ $SUNE $TERP $YGE $TSL $JASO Chinese solars advance after analysts upbeat on space: Full Story http://t.co/BFA3L9I9Pk
Swing Trade Alerts
17 Sep 14 10:12:42
THEFLYNEWS:$CSIQ $SUNE $TERP $YGE $TSL $JASO Chinese solars advance after analysts upbeat on space: Full Story http://t.co/8v0aRsBzqW
The Fly
17 Sep 14 10:10:46
$CSIQ $SUNE $TERP $YGE $TSL $JASO Chinese solars advance after analysts upbeat on space: Full Story http://t.co/BFA3L9I9Pk
Tape Reader
17 Sep 14 07:37:25
Solar Sector strong today $YGE $TSL $HSOL $CSUN $JKS $CSIQ $SOL $WEST $JASO $SPWR $FSLR
Greg Candelaria
17 Sep 14 07:32:56
@cvpayne I have been busy lately, in London next week. Updates in $JASO & $SIMO please? #askpayne
Mohamud
16 Sep 14 23:38:58
$JASO recent bounce off from ten months horizontal support line may seem running out of energy next trade http://t.co/ACFV4r4Hej
PennyStock Zone
16 Sep 14 19:56:34
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
PennyStock Zone
16 Sep 14 16:11:17
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
PennyStock Zone
16 Sep 14 12:47:31
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Analyst Ratings
16 Sep 14 12:13:24
Want the latest analyst ratings on $MRVL $JASO $EBAY $CSIQ $BRCM? Get Them Delivered to Your Inbox http://t.co/nSJuDsYidj
PennyStock Zone
16 Sep 14 08:45:23
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Lea
16 Sep 14 04:03:17
On watch for me today: $RWLK, $AVNR, $VNET, $VIMC, $SINO, $JNUG, $S, $CSIQ, $KERX, $JASO, $ELON, $DNDN, $ETAK, $LPX let's go... :)
Charts 123
15 Sep 14 21:14:03
Worst losers Asia: $SCOK $WB $JRJC $CREG $CMCM $WBAI $YY $TEDU $SOL $MOBI $CBAK $HSOL $JASO $DSKY $MY http://t.co/FAa6smKjJf #stocks
Trader News Daily
15 Sep 14 18:27:01
http://t.co/PeRPkYu8Uk ranked #1 for alerts last week with 275% in gains. Related: $SMA $AUY $JASO $HALO $MHR $VVUS $VSYM $RTK $BAA $WEST
Wall St Broadcast
15 Sep 14 17:43:06
Power Mad: $CPST, $APWR and $JASO are all doing great. These are three renewables we looked at on June 24. CPS... http://t.co/5uFM5X7bWT
Rush For Land
15 Sep 14 17:43:05
Power Mad: $CPST, $APWR and $JASO are all doing great. These are three renewables we looked at on June 24. CPS... http://t.co/t9g1QOosev
Yeti Corp
15 Sep 14 17:43:05
Power Mad: $CPST, $APWR and $JASO are all doing great. These are three renewables we looked at on June 24. CPS... http://t.co/DwItdIrrPL
AmericanEnergyFields
15 Sep 14 17:43:04
Power Mad: $CPST, $APWR and $JASO are all doing great. These are three renewables we looked at on June 24. CPS... http://t.co/docJHFY3XU
				
				
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.