Quick Win By The Algorithm: JASO Stocks Rise After Financial Results

Quick Win By The Algorithm

On March 22, 2017, the I Know First algorithm had predicted a bullish forecast for JA Solar Holdings CO., Ltd (JASO). JASO had a signal of 27.66 and a predictability of 0.06. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 21.56% in just 7 days.

JA Solar Holdings Co., Ltd. (JASO), together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies.

JA Solar Holdings Co, solar manufacturer, shares jumped as much as 17.4% after they released their fourth-quarter earnings results.

The highlights for the financial year were shipments of cells and modules rose 4.3% and 43% respectively. The company reported earnings per ADS of $2.14 per share, beating Zacks Consensus Estimate of 73 cents by 193.2%.

The company reported revenues in the fourth quarter to be $575.9 million, comfortably beating the consensus mark of $524 million by 9.9%. Full revenues came in at $2.3 billion, up 16.4% from the year before figure of $1.9 billion.

Looking ahead, the company expects to ship 6-6.5 GW of cells and modules, which includes 200-250 MW of module shipments to the company’s downstream projects.

This bullish forecast on JASO was sent to current I Know First subscribers on March 22, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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