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.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
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.
