Stock Alert for JA Solar Holdings Co. Ltd. (JASO)
  • Stock Alert for JA Solar Holdings Co. Ltd. (JASO)
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    Renewable Energy Stock on Watch: JA Solar Holdings Co. Ltd. (JASO)

    Renewable Energy Stock on Watch: JA Solar Holdings Co. Ltd. (JASO)

    Shares of JA Solar Holdings Co. Ltd. (JASO), along with the rest of the solar sector, got a lift Friday after a proposed one-time subsidy cut along with a limit on installations in Germany failed to achieve a unanimous decision.

    JA Solar saw its shares rose 5.1% to $1.84, continuing its winning streak for the second consecutive day.  Over 8.80 million shares traded hands during the session, versus the 10-day average of 9.85 million shares.

    Over the last 52 weeks, the stock has ranged from a low of $1.21 to a high of $8.57. It is currently trading above its 50-day moving average of 1.53 and below its 200-day moving average of $2.53.  Market capitalization currently stands at 302.97 million and it has 164.66 million outstanding shares

    Following the stalled overhaul of the country’s clean-energy subsidy system, analysts expect a rush of solar panel installations in the coming weeks. In a phone conversation with Bloomberg, Klaus Breil, a lawmaker with the Free Democratic Party junior coalition partner, said “This delay means we’re headed toward installations of 4 gigawatts (GW) through April as subsidies are currently way too generous.”

    Germany represents a major sales market of several sector bellwethers.  For Yingli Green Energy (YGE), Trina Solar (TSL) and Suntech Power (STP), the news is even more significant considering that these three manufacturers get most of their demand from the European country.  Germany installed 7.5 GW of solar power last year — topping the prior year’s record of 7.4 GW.

    Solar products manufacturer JA Solar, based out of Shanghai, China, sells its products to solar manufacturers worldwide, who then assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation.

    JASO shares have gained 4.6% in the last five days and 39.4% in the last month.  Year-to-date, the stock is down 73.9%.

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