Boston, MA 06/11/2013 (wallstreetpr) – The prices of American Depository shares of JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) had surged by 13.49 percent to close at $7.74 per share for the end of last trading session on Monday. The shares of the solar systems company had been trading in the range of $6.70 to $7.87 per share during the day. The shares of JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) had recorded 52 week low price level of $2.91 per ADR and 52 week high price level of $11.40 per ADR.
JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) is primarily engaged in the development, manufacture and sales of solar cell and solar module products. The principal product lines of the company include mono crystalline and multi crystalline solar cells and variety of standard and specialty solar modules. The solar products manufacturer with operations based in China had surged in share prices owing to the increase in shipments of its products and to the growth in financial performance.
JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) had highly increased the shipments of its solar cells and solar modules due to increase in demand in the global markets, relatively higher than that forecasted by the company. Further, the Chinese solar energy company had also reported convincing financial results for the first quarter of fiscal year, after falling in revenues for the last six months of the previous year.
In the first quarter financial results, JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) had posted an increase in revenue by 4.7 percent to touch $1.68 billion. The net loss for the company was recorded to be $32.9 million which was relatively lower than that reported for the same quarter of previous year.
JA Solar Holdings Company Ltd. ADR (NASDAQ:JASO) had witnessed heavy trading volume at 3.34 million shares on Monday. The company presently holds 40.45 million shares outstanding in the market with an institutional ownership of 10 percent of its holdings.
