JA Solar (JASO) Breaks Out To Multi-Year High On 500MW Supply Deals

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11:17:11 am on September 8, 2010

JA Solar (JASO) just yesterday announced better visibility into 2011 and now we know why. The stock is surging more than 10% today with heavy volume to a new 2 year high after it was announced this morning that they signed multiple supply agreements for 2011 delivery totaling over 500MW.  Considering they are expected to ship 1.35GW this year, 500MW is a big chunk and will likely get them to a new record for yearly shipments again in 2011. 

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“We are seeing very strong demand for our technologically advanced, high-quality products from our diverse global customer base,” said Dr. Peng Fang, CEO of JA Solar. “Our customers view JA Solar as a reliable supplier partner, and rely on JA to provide them with their 2011 product requirements. We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry.”

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Comments  

awesome!!!!! about time this mofo is going up!!!

 
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