JA Solar Gets Listing Warning Because of Stock Price

JA Solar Holdings (Nasdaq: JASO  ) said Tuesday that it has received a warning from the Nasdaq stock market that its closing price has fallen too low over the past month to meet listing requirements.

The Chinese solar power product manufacturer's shares traded in the U.S. have fallen below the $1 threshold required by the Nasdaq.

The notice has no immediate effect on the company's listing status. The company has until April 9 to get its share price back above $1 and keep it there for 10 straight business days. If it doesn't achieve that goal, the company faces delisting.

The stock, which debuted in early 2007, traded as high as $27 in 2008, but hasn't been above $1 since August.

JA Solar is one of a number of companies in the solar energy field that is struggling with low prices and weak demand for their products. Prices for solar panels have fallen off a cliff as the Chinese government pushed hundreds of small players into the industry. New companies still were springing up in 2011 even after Western countries, hammered by the global economic crisis, cut subsidies. Supplies surged as sales growth stalled, forcing sellers to slash prices to unprofitable levels.

JA Solar's shares were roughly unchanged at 80 cents in afternoon trading.

The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2059948, ~/Articles/ArticleHandler.aspx, 7/24/2014 3:14:36 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement