Technology Stocks Declining: JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP)
Northern, WI 05/07/2013 (GDPInsider) – JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) opened trading today at 5.11 but is down 5.66% on trading volume of 457.65K. The stock has a range of 4.80 and 5.18 and is currently trading down 27.67% on its 52-week low of 2.90 and up 65.86% on its 52-week high of 6.65. JASO made significant gains during April 2013 and the technical chart shows a northward climb for the period. There has been a slight southward dip since the start of May 2013, however.
The company has scheduled a conference call to be held on Monday, May 20, 2013 at 8:00 a.m. U.S. Eastern Time. The call will see executives discussing the Q1 2013 results for the company. The solar sector has been very active in recent months and several competing stocks in the sector have recorded gains. Rising prices for solar panels has helped the revival of solar stocks and JASO is one such company set to benefit from the gains.
The stock is trading 10.66% above its 50-day simple moving average and 5.36% above its 20-day simple moving average. The RSI for the stock is 53.60 suggesting that at the present trading levels, gains can be had before JASO is seeps into overbought or oversold territory.
Is JASO a solid investment at these levels? Get exclusive data and trends here.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is down 5.42% on trading volume of 963.21K. The stock has a range of 0.56 and .059 and is trading 78.39% below its 52-week high of 2.67 and 92.37% above its 52-week low of 0.30.
Suntech like many other solar companies is operating in a very buoyant sector with dynamic changes occurring both at the consumer and legislative level. Rising prices for solar panels has contributed to investor confidence in the sector but government regulation has also made things unsteady. STP has shown gains since the decline in price occurring around mid-March 2013. The stock is still down 23.50% on its 50-day simple moving average and also down 14.76% on its 20-day simple moving average.
Suntech continues to face headwinds as management tries to fix the stewardship of the company. Many analysts believe the company is highly leveraged and relies too much on borrowing to grow capacity.
EPS this year is expected to fall 526.60% and the stock has a RSI of 36.52.
How Should Investors Trade STP Now? Get exclusive insights and updates here.
WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.