Price Action to Note: Could JA Solar Holdings Co., Ltd. (ADR) Gain Strenght? The Stock Reaches 52-Week Low

Price Action to Note: Could JA Solar Holdings Co., Ltd. (ADR) Gain Strenght? The Stock Reaches 52 Week Low

The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) hit a new 52-week low and has $5.02 target or 11.00% below today’s $5.64 share price. The 8 months bearish chart indicates high risk for the $272.10 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $5.02 price target is reached, the company will be worth $29.93M 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 354,893 shares traded hands. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has declined 33.56% since April 7, 2016 and is downtrending. It has underperformed by 38.34% 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. The rating was maintained by Roth Capital with “Neutral” on Saturday, August 15. The firm earned “Buy” rating on Thursday, October 6 by Axiom Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 12. On Monday, August 31 the stock rating was initiated by Axiom Capital with “Sell”. Roth Capital downgraded JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) rating on Friday, June 3. Roth Capital has “Neutral” rating and $8 price target. The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) earned “Buy” rating by TH Capital on Wednesday, December 16.

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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