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Stock Market & Financial Investment News

News Breaks
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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August 31, 2015
09:31 EDTJASOJA Solar initiated with a Sell at Axiom
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07:01 EDTJASOJA Solar to supply 70MW of modules to Australia's Moree Solar Farm
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August 25, 2015
11:41 EDTJASOSolarCity rises again after Chairman Musk buys shares
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August 24, 2015
16:46 EDTJASOPresident Obama announces new renewable energy commitments
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11:09 EDTJASOGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
06:56 EDTJASOSolar companies spending $1B in Texas projects, WSJ says
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