JA Solar Holdings Co. Ltd. (JASO) : Traders are bullish on JA Solar Holdings Co. Ltd. (JASO) as it has outperformed the S&P 500 by a wide margin of 10.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.67% in the last 1 week, and is up 11.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
JA Solar Holdings Co., Ltd. has dropped 1.13% during the last 3-month period . Year-to-Date the stock performance stands at -19.18%. The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 10.08%.
JA Solar Holdings Co. Ltd. (NASDAQ:JASO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.78 and $7.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.84, notching a gain of 0.13% for the day. The total traded volume was 289,215 . The stock had closed at $7.83 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of JA Solar Holdings Co. Ltd. (NASDAQ:JASO). Credit Suisse has a Neutral rating on the shares. As per the latest report, the brokerage house maintains the price target to $9.69 per share. The rating by the firm was issued on August 18, 2016.
JA Solar Holdings Co., Ltd. is a holding company. The Company designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and sales of solar modules, as well as silicon wafer manufacturing. The Companys principal products consist of both monocrystalline and multicrystalline solar cells and solar modules. It sells its products mainly under JA Solar brand name, and also produces original equipment for manufacturers or customers, known as original equipment manufacturers (OEMs).The Company also provides engineering, procurement and construction (EPC) services. The Company sells solar cell and module products to module manufacturers, system integrators, project developers and distributors. The Companys subsidiaries include JA Development Co., Ltd., JA Solar Hong Kong Limited, JA Solar GmbH., JingAo Solar Co., Ltd. and Shanghai JA Solar Technology Co., Ltd., among others.