High Volume Trading in JA Solar (JASO) Likely To Continue

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.


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