A recent reverse stock split has helped JA Solar regain NASDAQ stock market compliance in respect to a minimum bid price of US$1.00 per share. Failure to meet the bid price would have led to delisting from the exchange.
JA Solar faced delisting on 9 April 2013, however NASDAQ notified the company in late December that for 10 consecutive business days, from December 10, it had achieved a bid price above the minimum level.
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Delisting notification is triggered when a stock trades below the US$1.00 per share mark for 30 consecutive business days.
However, other China-based tier 1 PV manufacturers, LDK Solar and Suntech Power Holdings remain threatened with delisting, although both are currently trading today above the minimum bid price.
