Shares of JA Solar Holdings Co., Ltd. (ADR) JASO are up 13 percent in Friday's session.
The catalyst for the price hike is that chairman and CEO, Baofang Jin, offered a 20 percent premium to take JA Solar private. He has agreed to pay $9.69 for each share of the Chinese solar power product maker that he does not already own.
Shares traded recently at $9.11, up 12.8 percent.
Yingli Green Energy Hold. Co. Ltd. YGE, on Friday, reported a Q1 8.5 percent increase in revenues ($468.7 million vs estimated $454.7 million) alongside a loss of $0.31 per share, $0.07 less than expected. Shares of the photovoltaic supplier were up 25 percent ($0.27) on Friday.
The solar energy sector has been going through a roller-coaster in the past year. The sector has declined nearly 8 percent in the previous month, 4 percent in the past three months, and has risen nearly 16 percent year-to-date.
Other solar stocks to watch out for in Friday’s trading session are First Solar Inc FSLR, SunPower Corporation SPWR, Canadian Solar Inc CSIQ, JinkoSolar Holding Co., Ltd. JKS, Trina Solar Limited TSL, and ReneSola Ltd. SOL.
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