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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
Stock Signaling
22 Nov 14 18:01:22
Movers and Shakers: $NETE $MHR $JASO $JKS $CLDX $ANV $INVN $AMBA $GPRO $TSL $SNSS $Z $FOLD $SCTY $YY http://t.co/S9oPUZ8PN3 #nasdaq #trader
Chadbourne Rolle
22 Nov 14 11:18:19
http://t.co/yDhCxTl7Mv Verified $23.48 loss in $JASO didnt do what i wanted
RichardGamingo
22 Nov 14 08:16:38
Apple Patents that Require GT Advanced Technology? Rumor mill floating. I'll re-update when sourced. $SUNE $CNSUN $ENPH $JASO $TAN #iphone
Langan Stocks
21 Nov 14 18:33:51
$JASO JASO 9.26 JA Solar Holdings Co. is number 27 out of 100 Top trading stocks today. $JASO +0.25 +2.77% 100 day a http://t.co/x3NUydk1v9
danrocks
21 Nov 14 18:21:12
Right now JASO is number 34 for the largest percentage gain out of 250 stocks. $JASO JASO is up +19.79% in the http://t.co/EOjy0FLY6P
danrocks
21 Nov 14 18:20:50
$JASO JASO Stock is number 34 for the largest percentage gain out of 250 stocks. $JASO JASO is up +19.79% in the las http://t.co/DHUvcV7Gtw
FinSentS NASDAQ
21 Nov 14 15:30:39
$JASO:US JA Solar Holdings Co., Ltd. Stock Rating Upgraded by TheStreet (JASO) #JA SOLAR HOLDINGS CO LTD http://t.co/rZdejhIEKv #NASDAQ
Harris Roen
21 Nov 14 14:50:10
Stock Alert: $JASO issues a positive earnings report, with strong revenue and profit growth http://t.co/Fu1EMM91AH
Scott Smith
21 Nov 14 14:03:02
$JASO and other solar stocks $JKS $TAN $TSL $SUNE (Initially posted on Nov. 18th) Nice continuation showing good relative strength (RSI)
Mad OTC Trader
21 Nov 14 13:31:27
First week back trading after months off, -$50 w/comm. between $JASO and $OXYS, took some small $AEMD over w/e, a few plays for next week
clayton
21 Nov 14 10:58:57
JASO 9.35 JA Solar Holdings Co. $JASO added to my watch list. Right now with JASO I am watching the last price http://t.co/bIbvsrnaM7
clayton
21 Nov 14 10:58:34
$JASO JASO 9.35 JA Solar Holdings Co. $JASO added to my watch list. Right now with JASO I am watching the last price http://t.co/aZpE8BWRTZ
Stock Signaling
21 Nov 14 09:31:03
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CSIQ $OREX $AMBA $JRJC $ACHN $CDTI
Dan
21 Nov 14 08:57:06
http://t.co/qRU7OiGqsS Verified $0.08 profit in $JASO .
Harris Roen
21 Nov 14 08:50:26
$DCI $JASO $JKS $SUNE: 3 earnings reports and an acquisition create interest in these 4 #altenergy stocks http://t.co/UCZyTPYt0g
High Sail Group
21 Nov 14 08:47:25
Our team is excited to watch $JASO enter a possible period of bullish expansion http://t.co/qj9gQc5BEo #bullish #highsailgroup
Trefis.com
21 Nov 14 08:11:58
Trina Solar Q3 Preview: Shipments Mix, Better Costs, Projects Business Could Drive ... http://t.co/Qw7HVUYtWh by Trefis Team $TSL $JASO $YGE
Tech Alerts
21 Nov 14 08:00:02
JA Solar Reports A Solid Quarter http://t.co/V2vjh2zOOL $JASO
danrocks
21 Nov 14 07:54:21
Right now JASO is number 30 for the largest percentage gain out of 250 stocks. $JASO JASO is up +19.79% in the http://t.co/Enn4en9k4f
danrocks
21 Nov 14 07:53:59
$JASO Right now JASO is number 30 for the largest percentage gain out of 250 stocks. $JASO JASO is up +19.79% in the http://t.co/9lXVw4uWhn
FinSentS NASDAQ
21 Nov 14 07:28:35
$JASO:US JA Solar Holdings Co., Ltd. Stock Rating Upgraded by TheStreet (JASO) #JA SOLAR HOLDINGS CO LTD http://t.co/H1VM4op5RU #NASDAQ
daniel
21 Nov 14 06:50:39
would like to see these 920s base and perk on $JASO.
Nathan Michaud
21 Nov 14 06:46:02
$JASO watch the dips chart ramping
TheStreet Alerts
21 Nov 14 06:13:45
JA Solar Holdings $JASO Upgraded From Sell to Hold http://t.co/CM3RaZ9lcc
Girolamo Aloe
21 Nov 14 06:10:51
$TNP : Q3 EPS of $0.04 in-line. Revenue of $120.88M (+12.4% Y/Y); $PLNR could break out; $JASO .. 9.5 is possible - #pennystocks #watchlist
Tech Alerts
21 Nov 14 06:00:00
JA Solar Share Buyback Sets The Tone http://t.co/Dt74Ilo3Yd $JKS $JASO
chartguy89
21 Nov 14 05:59:32
JASO 9.01 Stock Charts $JASO JA Solar Holdings Co. Ltd. ADS (NASDAQ) Last Updated: 11/21/2014 07:59:36 JASO St http://t.co/XE07jy3mGO
JesseG
21 Nov 14 05:02:21
Lets finish the week strong! $JASO $CLDX $SUNE $CANF
Crazy Horse Trading
21 Nov 14 04:36:25
Watchlist 11/21: $CANF, $NETE, $RESN $JASO
Lea
21 Nov 14 03:59:14
My watch: $UVXY, $JASO, $SDRL, $GFI, $DUST, $ONVO, $MNKD, $PLUG, $XOMA, $RFMD, $CLDX, $SUNE, $CLF, $ARWR, $BBRY, $ARIA, $JMEI, $GRPN, $PBR
Pzaa...Guy
21 Nov 14 03:13:32
$JASO - Report of Foreign Issuer (6-k) http://t.co/Ow6Y4rDKkm
Stocks News&Markets
21 Nov 14 03:13:26
$JASO - Report of Foreign Issuer (6-k) http://t.co/5CegB5SD9n
john smith
21 Nov 14 03:12:33
$JASO - Report of Foreign Issuer (6-k) http://t.co/2EMSuFYbRD
NASDAQ
21 Nov 14 03:11:40
$JASO - Report of Foreign Issuer (6-k) http://t.co/eTG6A0zFId
Jake13
20 Nov 14 23:41:14
JASO Year to date has changed -1.74% percent. +12.63% in the last 30 days. $JASO JA Solar Holdings Co. Full br http://t.co/dfAirrCNGa
Jake13
20 Nov 14 23:40:51
$JASO JASO Year to date has changed -1.74% percent. +12.63% in the last 30 days. $JASO JA Solar Holdings Co. Full br http://t.co/sCxR4mScQr
chartguy89
20 Nov 14 23:27:51
JASO 9.01 JA Solar Holdings Co. Stock Charts $JASO Last Updated: 11/20/14 Last price: 9.01 Total volume: 3,752 http://t.co/PrIrzDrEfa
chartguy89
20 Nov 14 23:27:10
$JASO JASO 9.01 JA Solar Holdings Co. Stock Charts $JASO Last Updated: 11/20/14 Last price: 9.01 Total volume: 3,752 http://t.co/e2mtbfjVYs
FinSentS NASDAQ
20 Nov 14 23:26:28
$JASO:US JA Solar Holdings Co., Ltd. Stock Rating Upgraded by TheStreet (JASO) #JA SOLAR HOLDINGS CO LTD http://t.co/iI4kApi90P #NASDAQ
lookn4wins
20 Nov 14 22:59:51
JASO 9.01 Stock Charts $JASO JA Solar Holdings Co. Ltd. ADS (NASDAQ) Any opinions on JASO? Please reply to thi http://t.co/D53LKMdMrx
Stock Signaling
20 Nov 14 22:01:18
Movers and Shakers: Having Earnings Surprises: $EJ $WSM $GMCR $JMEI $CRM $LOW $CSTM $TGT $SPLS $PETM $VIPS $MDT $JASO $TJX $HD #markets
OhNo5000Bees!
20 Nov 14 20:15:35
Fri watch: Momo: $JASO, $CANF, $EDAP, $GV, $GTE, $NETE Chart: $MACK, $ACHN, $BEBE, $EXXI, $GASL, $ASX, $GERN
US Banking News
20 Nov 14 18:04:10
JA Solar Holdings Co., Ltd. Upgraded at TheStreet $JASO http://t.co/r6cfU3zLjD
Ticker Report
20 Nov 14 18:01:27
JA Solar Holdings Co., Ltd. Rating Increased to Hold at TheStreet $JASO http://t.co/MPr2qfbKl9
The Legacy News
20 Nov 14 17:40:40
JA Solar Holdings Co., Ltd. Lifted to Hold at TheStreet $JASO http://t.co/rSZfPe743J
US Consumer News
20 Nov 14 17:40:07
JA Solar Holdings Co., Ltd. (ADR) upgraded by TheStreet to hold. http://t.co/aj54d6biR1 $JASO #JASO
Media Sentiment
20 Nov 14 17:37:09
$JASO received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 519
Analyst Ratings
20 Nov 14 17:36:22
JA Solar Holdings Co., Ltd. (ADR) upgraded by TheStreet to hold. http://t.co/ozVouMXwBZ $JASO #JASO
FinSentS NASDAQ
20 Nov 14 15:29:14
$JASO:US JA Solar Reports A Solid Quarter #JA SOLAR HOLDINGS CO LTD http://t.co/4rLnLk2z4p #NASDAQ
4-traders.com
20 Nov 14 15:05:03
JA Solar : eyes 20%, 600MW expansion http://t.co/g3zVm43q3u $JASO
				
				
By  +Follow April 1, 2014 7:54AM
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