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Stock Market & Financial Investment News

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November 16, 2012
06:04 EDTJASOJA Solar changes ADS ratio to 1 ADS representing 5 ordinary shares
JA Solar Holdings announced that it will change the ratio of its American Depositary Shares, or ADSs, to ordinary shares from one ADS representing one ordinary share to one ADS representing five ordinary shares, effective on December 10. Each shareholder of record at the close of business on December 10 will be required to exchange every five ADSs then held for one new ADS. The effect on the ADS price will take place on December 10. For JA Solar's ADS holders, this ratio change will have the same effect as a one-for-five reverse ADS split. There will be no change to JA Solar's underlying ordinary shares. ADS holders will be required to surrender their existing ADSs in exchange for new ADSs of the company.
News For JASO From The Last 14 Days
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July 29, 2014
10:00 EDTJASOOn The Fly: Analyst Downgrade Summary
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08:45 EDTJASOChinese solar stocks facing multiple headwinds, says Axiom
Axiom believes that there are "outsized risks" to the margins and consensus estimates of Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO). The firm says that the companies are facing higher raw material prices, lower cell and module prices, adverse tariff decisions in the U.S., and reduced solar subsidies in multiple countries. In conjunction with this note the firm downgraded its rating on JA Solar to Hold from Buy. It kept Sell ratings on Trina Solar and Yingli Green Energy.
08:14 EDTJASOJA Solar downgraded to Hold from Buy at Axiom
Axiom downgraded JA Solar to Hold due to significant ASP pressures and margin pressures as China's 2014 solar investment plans are below target and Japan Price target lowered to $9 from $16.

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