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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
Binary Trader Pro
4 Sep 15 22:29:53
RT http://t.co/MVcyesS6tt mediasentiment: $JASO received a new alert. Find out why at http://t.co/A7XURrQmbD #… http://t.co/K6mLyp7QUo
zooey m
4 Sep 15 22:24:43
mediasentiment: $JASO received a new alert. Find out why at http://t.co/6A03PDuOjo #stocks #daytrading #trading … http://t.co/X3n8d6GPom
Media Sentiment
4 Sep 15 22:17:41
$JASO received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 495
MarketBeatCom
4 Sep 15 22:15:21
JA Solar Holdings Co. downgraded by Vetr Inc. to sell. $7.76 PT. http://t.co/F6Mh5hXF2j $JASO #JASO
US Consumer News
4 Sep 15 22:05:21
JA Solar Holdings Co. downgraded by Vetr Inc. to sell. $7.76 PT. http://t.co/foKvVUbBSX $JASO #JASO
Dave
4 Sep 15 16:19:21
http://t.co/L46QQZciCc IN PLAY: $CRK $SOGCQ $KERX $ICBU $MCUR $CLNE $EXK $KALO $FONU $AVEO $AMKR $AGEN $JASO http://t.co/WOI2woZYH2
Irma Doucet
4 Sep 15 15:34:27
$JASO Why Shares of JA Solar Holdings Co., Ltd. (ADR) Popped 16% Today http://t.co/nLdsUWgtbJ
The Legacy News
4 Sep 15 11:57:56
JA Solar Holdings Co. Lowered to “Sell” at Vetr Inc. $JASO http://t.co/8ucWvetIFO
The Legacy News
4 Sep 15 11:13:45
JA Solar Holdings Co. Receives $9.70 Average Price Target from Analysts $JASO http://t.co/WnevzUbz0v
ProTradersNews
4 Sep 15 11:08:02
$JASO: JA Solar Holdings Co. – Get News & Ratings Daily: http://t.co/s8hVqcZ5Fd
Sleek Money
4 Sep 15 11:06:34
JA Solar Holdings Co. Receives $9.70 Average Price Target from Analysts $JASO http://t.co/HvYepyTE79
#HelpYouGetGAINS
4 Sep 15 09:32:40
M&A Daily: $AMZN #stockmarket http://t.co/gspzEk6Qz2 … $ALTR $AVOL $CAM $DIS $EXOSF $IMOS $INTC $JASO $MGM $ODP $PNK $PRE
Trending Articles SA
4 Sep 15 09:30:08
M&A Daily: Jeff Bezos's Head Is In The Cloud http://t.co/dZcdVRCNvg $ALTR $AVOL $CAM $DIS $EXOSF $IMOS $INTC $JASO $MGM $ODP $PNK $PRE
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4 Sep 15 09:00:24
M&A Daily: Jeff Bezos's Head Is In The Cloud http://t.co/uEICbCbps5 $ALTR $AVOL $CAM $DIS $EXOSF $IMOS $INTC $JASO $MGM $ODP $PNK $PRE
Tech Stocks
4 Sep 15 09:00:24
M&A Daily: Jeff Bezos's Head Is In The Cloud http://t.co/t98A9yDbBD $ALTR $AVOL $CAM $DIS $EXOSF $IMOS $INTC $JASO $MGM $ODP $PNK $PRE
Stock Market Outlook
4 Sep 15 09:00:24
M&A Daily: Jeff Bezos's Head Is In The Cloud http://t.co/8VLpryCO3x $ALTR $AVOL $CAM $DIS $EXOSF $IMOS $INTC $JASO $MGM $ODP $PNK $PRE
Seeking Alpha
4 Sep 15 09:00:23
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Hector
4 Sep 15 08:45:25
$jaso solar will make a comeback $scty
wsnewspublishers
4 Sep 15 08:42:56
News Review: http://t.co/1mXwmSGBiS $WWW $JASO $NTCT $RKUS
Hector
4 Sep 15 07:32:49
$jaso major move coming #tothesun
WKRB News
4 Sep 15 07:29:43
JA Solar Holdings Co. Coverage Initiated by Analysts at Axiom Securities $JASO http://t.co/14Qosfo8Gq
Cousin_Vinny
4 Sep 15 06:50:46
$SCTY Some of U R watching solars http://t.co/ZxSV6y8Y6g watching this orderly price action 4 now & that of $JASO http://t.co/dgmOol7MmK
StockNewsWires
4 Sep 15 05:17:03
$WWW $JASO $NTCT: News Review: Wolverine World Wide, (NYSE:WWW), JA Solar …: http://t.co/eLMPfGOwOG
Felipe Montes
4 Sep 15 04:48:37
RT @SeekingAlpha: Tariffs And A Weak Malaysian Ringgit May Reshape The Global Solar Industry http://t.co/065atDfd89 $CSIQ $FSLR $GCPEF $HQC…
Quick Stock Ideas
4 Sep 15 03:06:11
Tariffs And A Weak Malaysian Ringgit May Reshape The Global Solar Industry http://t.co/xaZ2Ts02fV $CSIQ $FSLR $GCPEF $HQCL $JASO $JKS
Seeking Alpha
4 Sep 15 03:06:10
Tariffs And A Weak Malaysian Ringgit May Reshape The Global Solar Industry http://t.co/065atDfd89 $CSIQ $FSLR $GCPEF $HQCL $JASO $JKS
King of investments
3 Sep 15 14:23:36
JA Solar Is Poised For Long-Term Success http://t.co/aFNWKmukKa $JASO, $SUNE, $YGE
PrivateCapBlogger
3 Sep 15 12:44:58
JA Solar Is Poised For Long-Term Success $JASO http://t.co/Ih0NvnryrH
Nara
3 Sep 15 11:42:31
$ASTC $JASO $PTC $ITRN $SBR $HNR $VLP $TU Upcoming catalyst for GNSZ. Find details here: https://t.co/gv9He7HRvh
Tech Stocks
3 Sep 15 10:30:04
The Solar Industry Recap, Part I: Yingli, A Zombie Company? http://t.co/5AexyXaO6D $JASO $YGE
Seeking Alpha Alerts
3 Sep 15 07:43:02
@JarmoFriman $jaso JA Solar Is Poised For Long-Term Success http://t.co/sbgeLPeYdO
Tech Stocks
3 Sep 15 07:42:31
JA Solar Is Poised For Long-Term Success http://t.co/ByGhw68b75 $SUNE $YGE $JASO
Long & Short Ideas
3 Sep 15 07:42:31
JA Solar Is Poised For Long-Term Success http://t.co/w5Qh8pP50S $SUNE $YGE $JASO
China Investor
3 Sep 15 07:42:30
JA Solar Is Poised For Long-Term Success http://t.co/aMqwv7PuBj $SUNE $YGE $JASO
Quantpost Technology
3 Sep 15 07:42:30
$SUNE News: "JA Solar Is Poised For Long-Term Success $SUNE $YGE $JASO" http://t.co/EIdYASkV8S Analyze: https://t.co/vVBaqOguUP
Seeking Alpha
3 Sep 15 07:42:29
JA Solar Is Poised For Long-Term Success http://t.co/EIfBCuZXjO $SUNE $YGE $JASO
investor wired
3 Sep 15 07:08:56
Chinese stocks end the morning session higher: $BABA $GURE $SFUN $JD $JASO http://t.co/A5UDwh8F0q
Zacks.com
3 Sep 15 07:08:18
We breakdown PetroChina's first-half earnings in our China stock roundup. $PTR $BIDU $JASO $DANG $YGE http://t.co/a9pd5ngJPo
Consumer News
3 Sep 15 01:45:36
JA Solar Holdings Co. $JASO – Investment Analysts’ Weekly Ratings Updates http://t.co/KcrW4S06B1 #acn
US Banking News
3 Sep 15 01:42:37
JA Solar Holdings Co. $JASO – Investment Analysts’ Weekly Ratings Updates http://t.co/zUFPMTbqvX
Ticker Report
3 Sep 15 01:42:20
JA Solar Holdings Co. $JASO – Investment Analysts’ Weekly Ratings Updates http://t.co/qCiX6J3OhJ
BreakingStocksNews
3 Sep 15 01:41:02
$JASO: JA Solar Holdings Co. (JASO) – Investment Analysts’ Weekly Ratings …: http://t.co/D22q0bDUoq
Breaking News Now
3 Sep 15 01:40:03
$JASO: JA Solar Holdings Co Ltd – Get News & Ratings Daily: http://t.co/dOQk9rjmLn
Dakota Financial
3 Sep 15 01:39:06
JA Solar Holdings Co. $JASO – Investment Analysts’ Weekly Ratings Updates http://t.co/dTyX24fG3V
Nara
2 Sep 15 18:49:54
$JASN $JASO $JD $JOY $JPEP $JRJC JBEM Glioblastoma Data Trade. Read full DD here: https://t.co/gv9He7HRvh
Quick Stock Ideas
2 Sep 15 13:58:30
Renewable Energy And Electric Vehicles - It's Not Just About The Environment http://t.co/uIw7uFHy8u $JASO $JKS $TSL $TAN $UNG $USO
Seeking Alpha
2 Sep 15 13:58:30
Renewable Energy And Electric Vehicles - It's Not Just About The Environment http://t.co/7LHgI5ikRf $JASO $JKS $TSL $TAN $UNG $USO
Nara
2 Sep 15 13:36:27
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ProVesting
2 Sep 15 10:44:03
$JASO: JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) Brokerage Rating …: http://t.co/YsAZBrEZRw
Tech Stocks
2 Sep 15 10:09:16
The Solar Industry Recap, Part I: Yingli, A Zombie Company? http://t.co/ogqHoIy3Nh $JASO $YGE
				
				
By  +Follow April 1, 2014 7:54AM
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