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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for JASO
Wall Street
29 Jun 15 12:46:08
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $JASO $STEV $SYN $ARO $PBMD
TimeForGrowth
29 Jun 15 11:47:02
$JASO: Wall Street analysts bullish on JASO's earnings growth: http://t.co/flnrQa1leF http://t.co/2rlm5w154P
Wall Street
29 Jun 15 11:36:57
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $JASO $STEV $SYN $ARO $PBMD
Dakota Financial
29 Jun 15 10:09:30
JA Solar Holdings Co. Receives $11.91 Consensus PT from Analysts $JASO http://t.co/y0K4gy3Fvo
ProVesting
29 Jun 15 10:03:15
$JASO: JA Solar Holdings Co. Receives $11.91 Consensus PT from ...: http://t.co/VVXiFOo1VF
Stockoptionexpert
29 Jun 15 09:32:27
Weakest sector solar $fslr $scty -4% $sune $jaso -2%$yge -5% $tan
ProTradersNews
29 Jun 15 06:54:02
$QIHU $JASO: Daily Watch List: Harley-Davidson (NYSE:HOG), Qihoo 360 ...: http://t.co/X7OGwBukCE
Penny Stock Secret
29 Jun 15 02:29:35
The Most Accurate Stock Alert Service Made $240,000 Yesterday http://t.co/NovWYe2RAx .. $RDNT $CASM $JASO
#
29 Jun 15 01:44:51
RT @StockNewsWires: $JASO: Company Shares of JA Solar Holdings, Co., Ltd. Drops by -3.18%: http://t.co/gPT2kzN8SA
StockNewsWires
29 Jun 15 01:39:05
$JASO: Company Shares of JA Solar Holdings, Co., Ltd. Drops by -3.18%: http://t.co/gPT2kzN8SA
Stocks Creamun
28 Jun 15 23:30:11
RT @Stockaholics: $SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
Stockaholics
28 Jun 15 20:17:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 20:16:41
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 20:14:31
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 20:14:30
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 19:30:24
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 19:28:12
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 19:27:58
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 18:42:29
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 18:42:10
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 18:36:34
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
Stockaholics
28 Jun 15 18:33:17
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 17:56:12
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 17:50:02
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
iStock Market
28 Jun 15 17:47:17
RT @Stockaholics: $SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
Stockaholics
28 Jun 15 17:47:14
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 17:10:14
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyV7IT $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 17:03:49
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
Stockaholics
28 Jun 15 17:01:44
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 16:50:00
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 16:15:51
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyV7IT $DQ $EBAY $JASO
Stockaholics
28 Jun 15 16:05:52
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 16:04:08
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 15:20:18
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 15:18:46
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
Stockaholics
28 Jun 15 15:16:44
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 15:10:13
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x71OZD9 $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 14:34:23
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 14:32:54
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
Stockaholics
28 Jun 15 14:31:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 14:22:28
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x71OZD9 $DQ $EBAY $JASO
Wall Street
28 Jun 15 14:15:50
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $JASO $STEV $SYN $ARO $PBMD
Stock Dawgzz
28 Jun 15 13:48:28
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 13:46:28
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $DQ $EBAY $JASO
Wall Street
28 Jun 15 13:44:49
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $JASO $STEV $SYN $ARO $PBMD
StockenheimerSchmidt
28 Jun 15 13:36:18
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stock Dawgzz
28 Jun 15 13:02:54
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/bjcyyyDwRl $DQ $EBAY $JASO
Penny Stockington
28 Jun 15 12:56:31
$SUTI Up Another 66.67% Yesterday, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7uvGj $DQ $EBAY $JASO
StockenheimerSchmidt
28 Jun 15 12:45:59
Our Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $DQ $EBAY $JASO
Stockaholics
28 Jun 15 12:43:50
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $DQ $EBAY $JASO
				
				
By  +Follow April 1, 2014 7:54AM
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