JA Solar (JASO) Gets 60MW Supply Deal With Solar Power Inc (SOPW.OB)

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01:30:21 pm on January 5, 2009

JA Solar (JASO) has announced a one year supply deal with China based Solar Power Inc (SOPW.OB) which will supply SPI with 60MW of its 6” polycrystalline photovoltaic cells.  No word on the financials of the deal.

JA Solar CEO Samuel Yang said,  “This agreement represents a strategic alliance between our company and one of the leading solar solution providers in the world today. Through SPI we will be able to expand sales of our cells and gain deeper penetration into the U.S. market.”

JASO continues to rocket off the lows, up nearly 250% from the Nov low of 1.55.  It’s trading up more than 10% today but getting overbought in the shorter term.  A move back to the 50 day moving average might be a better spot to play it. 

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