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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
Ticker Report
20 Oct 14 10:58:52
JA Solar Holdings Co., Ltd. Downgraded by Zacks to “Underperform” $JASO http://t.co/LV0r7T1AU8
Bullbusters steven
20 Oct 14 09:04:47
RT @EliteDayTraders: $JASO in 7.94 Greenlight’s Einhorn Said to Back Solar Stocks at Robin Hood
 Luke Murray
20 Oct 14 09:04:33
$JASO in 7.94 Greenlight’s Einhorn Said to Back Solar Stocks at Robin Hood
FonsieTrader
18 Oct 14 06:14:36
Parabolic Sar Buy Signals 4/4 $HOV $HRB $HST $IM $IR $ITT $JASO $JD $K $KMX $L $MAR $MPEL $MSI $NOC $NOW $ONNN $RTN http://t.co/npp5hzhrBI
Fahd El
17 Oct 14 14:45:01
$JASO shorted for the $8 crack but didn’t go much..shorted later for the crack of that sideways action..bummer http://t.co/Jzy8IW0bY2
Fahd El
17 Oct 14 14:25:43
Just came back from the pool. Hello p&L $BAS $CSIQ $ESI $GPRO $JASO $LAKE $MBLY $MU $NVAX $TWTR $VSR http://t.co/suGzfdAHmT
InterCooler
17 Oct 14 11:49:29
Zacks Downgrades JA Solar Holdings Co., Ltd. to Underperform $JASO http://t.co/kkxIigPVA0
Kristjan Kullamägi
17 Oct 14 11:32:09
$CP $JASO no juice
Kristjan Kullamägi
17 Oct 14 11:11:21
Covering $CP $JASO on the way down
Kristjan Kullamägi
17 Oct 14 11:02:31
Same thing with $JASO versus $CSIQ $SCTY etc, low risk entry here, can catch up to the others
US Consumer News
17 Oct 14 09:33:44
JA Solar Holdings Co., Ltd. (ADR) downgraded by Zacks to underperform. $7.00 PT. http://t.co/NkMZL5lr69 $JASO #JASO
Media Sentiment
17 Oct 14 09:27:49
$JASO received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 299
Analyst Ratings
17 Oct 14 09:26:57
JA Solar Holdings Co., Ltd. (ADR) downgraded by Zacks to underperform. $7.00 PT. http://t.co/IPsIKCYbwe $JASO #JASO
US Banking News
17 Oct 14 09:25:31
JA Solar Holdings Co., Ltd. Lowered to Underperform at Zacks $JASO http://t.co/n9w3roYS5H
US_proptrader
17 Oct 14 07:12:38
$AKS $CLF $IBIO $JASO $OREX $PDLI $PGH $PPC $STLD autocharts @ http://t.co/hj7PGeTQk3
Don Fishback
17 Oct 14 04:35:53
Negative Implied Borrow Rate $FSL, $SNCR, $RPRX, $OAS, $JASO http://t.co/tQoqGkpGOI
OptionApps
17 Oct 14 04:35:53
Negative Implied Borrow Rate $FSL, $SNCR, $RPRX, $OAS, $JASO http://t.co/6cgx6NfxZA
kenstaff
17 Oct 14 02:59:13
RT @arkur72: 14.10.2014 part2 $CZR $REXX $HIMX $PDS $PVA $GDP $JASO $SFY $ONNN $AMKR $VLCCF $FOLD $CPE $NM $HIVE $MHR $WRES $GST $AXAS $HOV…
Ariel Silahian
16 Oct 14 12:58:02
Algorithmic trading: OPEN Oct/16 SELL: $TRN $SRPT $ROSE $CIEN $PH $SGMS $RLGY $ACM $ST $SNSS $MRO $REXX $WRES $PMCS $MGM $JASO $MAS $MUR
US_proptrader
16 Oct 14 12:55:56
$BBG $CAR $FSL $GPOR $JASO $JKS $LINE $NBG $PSEC autocharts @ http://t.co/hj7PGeTQk3
US_proptrader
16 Oct 14 11:53:56
$CSIQ $EGY $FEYE $JASO $MSTX $PNNT $SSE $TSL $WPX autocharts @ http://t.co/hj7PGeTQk3
US_proptrader
16 Oct 14 11:21:13
$ARWR $CMRX $EXAS $GOL $ISIS $JASO $NPSP $PGNX $SLCA autocharts @ http://t.co/hj7PGeTQk3
Gilly
16 Oct 14 08:26:38
solar bounce in progress $SOL $YGE $JASO $TSL etc. they were at 1 year los this week
Emil
16 Oct 14 06:55:19
eyeing $JASO for shorting on pops
Large Void Bot
16 Oct 14 06:45:15
Daily Reversals: $WPX, $HUN, $SYRG, $JASO, $WPRT, $SGY, $MTZ, $MSCC, $SMTC
Lea
16 Oct 14 05:34:51
Watch: $VSR, $APT, $LAKE, $EXXI, $UVXY, $NE, $SPXS, $JASO, $CPE, $KEY, $TSL, $NQ
Seeking Alpha
16 Oct 14 05:23:51
Riding The Solar S Curve With A Balanced Stock Portfolio http://t.co/qgAvI0htCJ $CSIQ $DQ $FSLR $JASO $JKS $KWT $SUNE $TAN $TSL
Trade Alerts
16 Oct 14 02:50:14
Day Trading Watch list for 16.10.2014part2 $CEQP $MDXG $FLEX $CY $APT $TPLM $PVA $VOXX $JASO $VSR $CPE $PKD $KEG $NBG
OhNo5000Bees!
15 Oct 14 18:46:38
Thurs watch: Momo: $VSR, $MNKD, $JASO, $PTX, $GERN, $MDXG Chart: $QLYS, $ACI, $ARC, $AMCN, $ANGI, $SCLN Maybe: $OSUR, $CBMX
daniel
15 Oct 14 17:51:52
$VSR $APT hoping for big gaps to short. $MU $JASO $CSIQ looking to get long off a weak open.
daniel
15 Oct 14 17:50:11
10/16: $VSR $APT $MU $JASO $CSIQ
Chag Brickner
15 Oct 14 15:55:07
RT @tradingview - $JASO chart by alphatradingca: http://t,co/JD0lAUQgwf JASO break down ,,,, bearish,
Penny Stock Secret
15 Oct 14 14:32:32
Secret That Has Made GREG, And 22 of his friends and family members MILLIONAIRES! FIND HERE http://t.co/SVqoMkrw2z .. $RDNT $CASM $JASO
Nathan Michaud
15 Oct 14 11:16:38
$JASO More HODs
Nathan Michaud
15 Oct 14 07:00:59
$JASO Hey, how you doing?
Nathan Michaud
15 Oct 14 06:47:04
$MU $CSIQ $JASO -- HELLO !
nxtmill
14 Oct 14 23:53:10
http://t.co/ZnuRPFlQPU Verified $49.21 loss in $JASO m
Charts 123
14 Oct 14 21:14:03
Sell signals in Asia: $MOBI $JASO $VIMC $SCOK http://t.co/FAa6smKjJf #stocks
daniel
14 Oct 14 19:48:53
10/15: $IBIO $APT $LAKE $JASO $CNET $GTAT
Charts 123
14 Oct 14 18:14:03
Underperformering Asian stocks today: $MOBI $JASO $VIMC $SCOK http://t.co/FAa6smKjJf #stocks
Plouto5
14 Oct 14 17:36:42
10/15/14 Watch List http://t.co/MADY6Yh7qv $CNET $PTX $JASO
natetrades
14 Oct 14 16:27:22
$JASO chart https://t.co/BQrNEA0uc3 via http://t.co/eJgBzSEGxE
Wu Weed
14 Oct 14 11:08:40
$jaso 52 week low
User_1024
14 Oct 14 08:22:15
$JASO
Gilly
14 Oct 14 07:06:04
$JASO 7.20 wow down hard
Large Void Bot
14 Oct 14 06:39:13
New 52wk Lows: $BTE $ENOC $HIVE $JASO $MDR
Trade Alerts
14 Oct 14 02:19:36
14.10.2014 part2 $CZR $REXX $HIMX $PDS $PVA $GDP $JASO $SFY $ONNN $AMKR $VLCCF $FOLD $CPE $NM $HIVE $MHR $WRES $GST $AXAS $HOV $IBIO $AMCF
Charts 123
13 Oct 14 21:14:03
Worst losers Asia: $CNET $SCOK $MY $VNET $SOL $TSL $HIMX $JASO $CREG http://t.co/FAa6smKjJf #stocks
Charts 123
13 Oct 14 18:14:04
Watching for short entry in Asia: $CNET $SCOK $MY $VNET $SOL $TSL $HIMX $JASO $CREG http://t.co/FxJfTc6a5b #stocks
Greg Candelaria
13 Oct 14 15:27:16
@cvpayne CVP: Hope u r not talking about me worrying? I am long in $JASO & $SIMO w no stop loss now sitting on losses in both. Keep holding?
				
				
By  +Follow April 1, 2014 7:54AM
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