JA Solar Holdings Co Ltd (NASDAQ:JASO) is a solar development company based in Shanghai. They design, develop, manufacture and sell solar cell and solar module products and are based in the People’s Republic of China. The Company is also engaged in the manufacturing and sales of monocrystalline and multicrystalline solar cells.
It sells its products primarily through a team of sales and marketing personnel to solar module manufacturers, who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. It also manufactures a variety of standard and specialty solar modules.
JA Solar Holdings also sells its products to customers in Germany, Sweden, Spain, South Korea, and the United States. The company was founded in 2005 and is based in Ningjin, in the People’s Republic of China. In December 2009 investors began to notice the growing market share of JA Solar which was fueled by a large subsidy from the Chinese Government.
Trading idea
- Entry - above 8
- Stop loss - 7.30
- Upside target - 10
This trade has a good ratio of risk to profit, but for entry getting above 8 is a must, as well as placing stop loss, taking into account geopolitical risks. JASO is consolidating during last few sessions, but large “washout bounce” on Friday tells us to expect short term up trend in this stock.