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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.


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Results for JASO
Phillip J Harris
1 Oct 14 13:03:39
@AjTrader7 how much longer are we giving $JASO to make a move?
AwesomeCalls
1 Oct 14 12:56:12
Added a few more $JASO just now on my swing at $8.98 have decent size now with a 9.19 avg. on a swing. My adds help, even though down a bit.
PennyStock Zone
1 Oct 14 10:50:03
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $GLD $USU $JASO $SALE
Semiconductors Feed
1 Oct 14 10:03:28
Dougherty &amp; Co Initiates Coverage on JA Solar Holdings Co., Ltd. (JASO) $jaso http://t.co/WGz3qEqpJE http://t.co/zb4oAJEhvx
Tech Industry Feed
1 Oct 14 10:03:20
Dougherty &amp; Co Initiates Coverage on JA Solar Holdings Co., Ltd... $jaso #TechIndustry http://t.co/u8cpSDar6V http://t.co/UA3rktPs5N
Ticker Report
1 Oct 14 10:01:35
Dougherty & Co Initiates Coverage on JA Solar Holdings Co., Ltd. $JASO http://t.co/6FsjSxCk7b
SolarEnergyMaps
1 Oct 14 08:01:04
RT @derekpietro: IPO Vivint Solar $VSLR solid buy with healthy revenue and improving govt regulations. should price in the midpoint tonight…
AwesomeCalls
1 Oct 14 06:39:13
added a few more $JASO $8.96 on that pull. Average now 9.2122 Decent size. Stops at $8.50 gonna give it room But like my average here!
AwesomeCalls
1 Oct 14 06:32:32
added a few more $JASO at $9.13 have a nice average now.
AwesomeCalls
1 Oct 14 06:01:07
$JASO I have a $9.38 average with all of my adds yesterday. So if it drops at the open I will look to add more & simply hold it till $9.50+
China Stock Research
30 Sep 14 16:25:15
#Evergrade Group invests 90 billion in #China PV industry (Chinese) http://t.co/aNutVvK6Vl $TSL $YGE $JKS $JASO $DQ $CSIQ $SOL $HSOL
Kevin
30 Sep 14 14:35:38
@AjTrader7 $JASO was always a price of crap IMO! Hope it runs so i can at least break even here! I have a small position only thank god!
Derek Pietro
30 Sep 14 13:58:10
IPO Vivint Solar $VSLR solid buy with healthy revenue and improving govt regulations. should price in the midpoint tonight $FSLR $JASO $SCTY
nxtmill
30 Sep 14 13:45:19
$JASO what price is this ah???
AwesomeCalls
30 Sep 14 13:35:23
We had a nice day today. We started in Pre-Market with $GPRO and never looked back! $JASO just needs to get some footing then back in green!
WallStreetConsensus
30 Sep 14 13:09:38
Initiaitons 9/30: $DQ, $NXTD, $EGY, $ORBC, $JASO, $MOKO, $RRC, $STJ, $SCMP, $MDT, $IBM, $ORB, $CTSH http://t.co/iX3AnhW2bD
nxtmill
30 Sep 14 13:06:35
$JASO support hope for the best
AwesomeCalls
30 Sep 14 12:35:34
Added a few more $JASO at $9.26 moving stops to $8.75. I'm looking forward to this gaining ground and moving back up for a nice Swing Payday
Kevin
30 Sep 14 12:16:28
@AjTrader7 You gonna hold $JASO over night? Swing?
Nightcloud
30 Sep 14 11:48:35
$ASTI hod of $2.24, I think this Solar is similiar to $JASO in the beginning.
AwesomeCalls
30 Sep 14 11:40:13
@luciono86 For me Phillip. I'm ok to swing $JASO I have played it many times an it always does this when an u/g comes. I have more tolerence
Phillip J Harris
30 Sep 14 11:39:00
@AjTrader7 what about $JASO swing or day trade?
Large Void Bot
30 Sep 14 10:00:35
Popular: $CYBR, $SLV, $WYNN, $LVS, $NUAN, $AMT, $TK, $JASO, $LEN, $STRZA, $USLV, $OIL, $GDP, $KATE
Kevin
30 Sep 14 09:22:17
@wsduckk Your right $JASO has always been a POS IMO..
Kevin
30 Sep 14 09:17:08
@AjTrader7 Are you still holding this here $JASO. I got only a small position because i know it's always been a POS.
Semiconductors Feed
30 Sep 14 09:06:55
Dougherty &amp; Co Initiates Coverage on JA Solar Holdings Co., Ltd. (JASO) $jaso http://t.co/74qzwuKfK6 http://t.co/1cYa68KGwi
Tech Industry Feed
30 Sep 14 09:06:55
Dougherty &amp; Co Initiates Coverage on JA Solar Holdings Co., Ltd... $jaso #TechIndustry http://t.co/eULUr8krvi http://t.co/YHMgcIDUuN
WKRB News
30 Sep 14 09:06:15
Dougherty & Co Initiates Coverage on JA Solar Holdings Co., Ltd. $JASO http://t.co/x5zaWe5adN
AwesomeCalls
30 Sep 14 08:09:47
Were having ANOTHER incredible morning w/ $CPRX $GPRO & few others $JASO were still working on But WE do this EVERYDAY WE ALL trade together
AwesomeCalls
30 Sep 14 07:47:04
I'm in the GREEN now on $JASO with all my adds $9.49 I will still add if it drops to $9.25 Looking to exit today $9.60-$9.70+ on a DayTrade
AwesomeCalls
30 Sep 14 07:42:53
@wsduckk I've traded $JASO a lot this year, I got this stock down. Once you get a decent reading on a stock, you take the emotion out of it!
AwesomeCalls
30 Sep 14 07:41:19
@wsduckk I trade $JASO for what it is, simply a trading vehicle. I will continue to add to $9 area. I have a $9.49 average. #TradeNOemotion
RUCASO
30 Sep 14 07:30:46
RT @ConsumerFeed: JA Solar Holdings Co., Ltd. (ADR) initiated by Dougherty & Co at buy. http://t.co/4Nut2pmPcn $JASO #JASO
RUCASO
30 Sep 14 07:30:41
RT @AjTrader7: $JASO JA Solar: Hearing Dougherty initiating JASO with a By, $14 tgt (9.64 -0.03)
RUCASO
30 Sep 14 07:30:35
RT @markflowchatter: $JASO initiated with a $14 tgt at Dougherty also
AwesomeCalls
30 Sep 14 07:10:43
Added a few more $JASO at $9.41 to my $9.57 average. This $JASO did this last time to me and I ended up winning on each trade I took.
wsduckk
30 Sep 14 07:09:30
@AjTrader7 $JASO is bigtime turd...news/upgrade it spikes but fades faster. i lost ton on tesla/jaso news
AwesomeCalls
30 Sep 14 07:07:44
Funny EVERYTIME $JASO gets an upgrade or NEW PT to $14-$20 from an analyst First thing it does is sell-off I always end up scaling in 2 win
The Fly
30 Sep 14 07:03:57
$ACN $AAP $ANGI $AAPL $AZO $BSX $CDW $CTSH $EPAM $JASO $KEX $MOKO $MDT $NXTD $ORBC $PPL $RRC $STJ $TUES $ECOL ... http://t.co/T6C5BVA1xt
Jim
30 Sep 14 06:51:42
Picked up a small amount of $JASO for a day trade possible short swing$$$
Analyst Ratings
30 Sep 14 06:50:30
JA Solar Holdings Co., Ltd. (ADR) initiated by Dougherty & Co at buy. http://t.co/tPn3NHXdKK $JASO #JASO
US Consumer News
30 Sep 14 06:50:22
JA Solar Holdings Co., Ltd. (ADR) initiated by Dougherty & Co at buy. http://t.co/4Nut2pmPcn $JASO #JASO
AwesomeCalls
30 Sep 14 06:46:40
Added a few more $JASO $9.51 on that pull to lod. Noticed 5 day chart $9.50 was the low/base. Think $9.50 is bottom. Stops at $9 firm
AwesomeCalls
30 Sep 14 06:40:21
Taking a few LONG $JASO at $9.57 on that DOUGHERTY call see if we get some bounce on it. Yesterday it closed at $9.67 so we have some room
AwesomeCalls
30 Sep 14 06:37:39
$JASO JA Solar: Hearing Dougherty initiating JASO with a By, $14 tgt (9.64 -0.03)
Marc Lehman
30 Sep 14 06:36:03
$JASO initiated with a $14 tgt at Dougherty also
4-traders.com
30 Sep 14 06:35:11
JA Solar : Largest Solar Farm of its Kind in North America Completed http://t.co/wLqtPoZ8vY $JASO
PV Energy Stocks
30 Sep 14 03:48:27
RT @SeekingAlpha: JA Solar - A Great Company, But A Miserable Stock http://t.co/2ogsdP0VcQ $JASO
Brklyn Solar Consult
30 Sep 14 03:47:49
“@SeekingAlpha: JA Solar - A Great Company, But A Miserable Stock http://t.co/k9vQIcudWD $JASO”
Seeking Alpha
30 Sep 14 02:36:41
JA Solar - A Great Company, But A Miserable Stock http://t.co/2ogsdP0VcQ $JASO
				
				
By  +Follow April 1, 2014 7:54AM
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