Shares of JA Solar Holdings Co. (NASDAQ:JASO) were the target of unusually large options trading on Monday. Stock investors purchased 13,266 put options on the stock, American Banking & Market News reports. This is an increase of approximately 282% compared to the average daily volume of 3,476 put options. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) stock opened today at $10.77 and is currently trading at $10.36. The stock showed a negative weekly performance of -9.78%.
Baird increased its price target on SunPower Corporation (NASDAQ:SPWR) to $42 from $38 this morning, after the stock bounced nearly 5% last week to close at $33.15. While SunPower Corporation has climbed an impressive 178.6% over the past 12 months, investors have upped the bearish ante on the equity of late. In the most recent reporting period, short interest jumped almost 11%, and now accounts for 38.1% of SPWR’s available float. It would take more than six sessions to cover these bearish bets, at the shares’ average pace of trading. This leaves SPWR open to a short-covering rally, which could be sparked by good news or continued gains in the shares. SunPower Corporation (NASDAQ:SPWR) stock opened at $32.50, in current trading session and currently is at $31.84, by loosing -0.62%.The 52 week range of $9.00-$37.14. Company’s market capitalization is $5.22 billion.
While Canadian Solar Inc. (NASDAQ:CSIQ) 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 2.57 indicates that long calls have more than doubled long puts during the past two weeks, the ratio sits in the 38th percentile of its annual range, implying the recent rate of call buying (relative to put buying) is actually slower than usual. Perhaps Canadian Solar Inc.’s post-earnings price action has influenced the way speculators are trading options, as the stock has shed 20.4% from its March 4 closing price of $43.67 to trade at $34.77. Now is an opportune time to purchase short-term options on CSIQ. The equity’s Schaeffer’s Volatility Index (SVI) of 69% ranks in the bottom 16% of its 12-month range, demonstrating these contracts are attractively priced right now, from a volatility perspective. Canadian Solar Inc. (NASDAQ:CSIQ) stock is currently trading at $33.60 .The EPS of the stock is 0.56. Company’s market capitalization is $1.81 billion.
Following its earnings, ReneSola Ltd. (ADR) (NYSE:SOL) gets a rating as well as a price boost from Roth Capital. The research firm upgraded the rating from ‘neutral’ to ‘buy’ and raised the price target to $5. This revision comes in light of the company’s strategy to focus on the integration of 6,000 MT of polysilicon capacity as well as raising its OEM capacity. Yesterday, the company had presented its fourth quarter earnings that was overall on an upbeat. The earnings per share of ReneSola Ltd. (ADR) (NYSE:SOL) stood at $0.01, higher than the estimate of ($0.14) and its revenue stood at $438.8 million during the quarter. ReneSola Ltd. (ADR) (NYSE:SOL) stock opened the session at $4.03, and now is at $3.96. The 52 week range of the SOL stock remained $1.25-$6.00 and the day range was $3.88-$4.05.