JA Solar (JASO): President Resigns, Stock Tanks

If you’re wondering why your Chinese solar stock, JA Solar (JASO), tanked as the market opened, look no further: President and COO, Kang Sun, has resigned.

Why? The ever ambiguous “to pursue other interests.” Let’s hope something was lost in translation.

Sun will be replaced as COO by board member Elmer Hsu. And JASO shareholders can bite their fingernails for the next quarter or two worrying about what the real reasons for the resignation were.

See Also:
JA Solar (JASO): Valuation Attractive
JA Solar (JASO): Limited Political And Supply Risk
JA Solar (JASO): Low Cost Production Make It Attractive

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.