Solar Stocks and the penny stocks in the solar industry like JA Solar Holdings Co., Ltd. (NASDAQ: JASO) have been on an incredible run thus far in 2012. JA Solar, which will be a presenter at the Jefferies 2012 Global Clean Technology Conference, traded more than double its 3 month average volume Friday to close down 6.82% (-0.15). JASO gained 20.00% last week and is up 51.85% since December 23, 2011.
Stocks based in China have come under much scrutiny as of late but one must ask the question; Why would Iconic investor Warren Buffett put $200 million into a Chinese car company in an unstable nation filled with liars and thieves?
JASO just barely missed its YTD high of $2.34 on Thursday trading over 5x its 3 month average volume. Friday’s target price increase by UBS on First Solar (NASDAQ: FSLR) to $49.50 from $36.00 surely had much to do with the continued increased trading in JASO Friday. JASO, one of the world’s largest manufacturers of high-performance solar cells and solar power products, is trading -76.08% below its 52-week high of $8.57 and 69.42% above its 52-week low of $1.21.
Big money has been pouring into the solar sector this year despite it is currently producing less than 1% of global energy. The 35% sector growth rate has made JASO investors a bountiful profit thus far.
Investors who like JASO have been subscribing to our Free Newsletter and taking advantage of the profitable opportunities the solar sector, and penny stocks in it, present.
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