JA Solar Jumps On CEO Bid; Yingli May Turn A Profit
JA Solar (JASO) shares jumped Friday after the Chinese solar module and cell maker’s CEO offered to take the company private. CEO Baofang Jin said he would pay $9.69 per U.S. share for each share he doesn’t currently own, a 20% premium on Thursday’s closing price. The CEO along with his company, Jinglong Group, already own 15% of JA Solar. JA Solar shares rose 12.3% to 9.07 after climbing as high as 9.36 on the stock market today. JA Solar’s board