Price Don’t Lie: What Next for JA Solar Holdings Co., Ltd. (ADR) Stock After Touching 52 Week Low?

Price Don't Lie: What Next for JA Solar Holdings Co., Ltd. (ADR) Stock After Touching 52 Week Low?

The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) hit a new 52-week low and has $5.06 target or 12.00% below today’s $5.75 share price. The 5 months bearish chart indicates high risk for the $279.18 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $5.06 price target is reached, the company will be worth $33.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 148,992 shares traded hands. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has declined 34.28% since April 4, 2016 and is downtrending. It has underperformed by 35.37% the S&P500.

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) Ratings Coverage

Out of 4 analysts covering JA Solar (NASDAQ:JASO), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. JA Solar has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Roth Capital downgraded JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) on Friday, June 3 to “Neutral” rating. Roth Capital maintained the shares of JASO in a report on Saturday, August 15 with “Neutral” rating. On Thursday, October 6 the stock rating was upgraded by Axiom Capital to “Buy”. The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has “Outperform” rating given on Wednesday, August 12 by RBC Capital Markets. The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has “Buy” rating given on Wednesday, December 16 by TH Capital. The firm earned “Sell” rating on Monday, August 31 by Axiom Capital.

According to Zacks Investment Research, “JA SOLAR HOLDINGS LTD is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.”

More notable recent JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) news were published by: Businessfinancenews.com which released: “JA Solar Holdings Co., Ltd. (ADR) (JASO) Reports Stellar 3Q Results And Record …” on November 18, 2015, also Schaeffersresearch.com with their article: “Analyst Update: JA Solar Holdings Co., Ltd., Yingli Green Energy Holding Co …” published on October 06, 2016, Benzinga.com published: “SunEdison Troubles Could Spread To Trina And JA Solar, Credit Suisse Warns” on April 25, 2016. More interesting news about JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) were released by: Benzinga.com and their article: “Gordon Johnson Says Solar PV Fundamentals Are Deteriorating” published on February 04, 2016 as well as Benzinga.com‘s news article titled: “Roth Capital Shines Positive On Solar: Upgrades JA Solar, ReneSola, Enphase” with publication date: December 16, 2015.

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