JA Solar (JASO) Wins 400MW Supply Deal/Partnership With Jabil Circuit (JBL)

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07:35:14 am on April 5, 2011

JA Solar (JASO) and Jabil Circuit (JBL) have inked a deal on a two year joint venture which has JASO supplying 400MW in solar cells as well as module designs. The deal  allows Jabil to manufacture 200MW per year in solar modules with JASO at Jabil facilities in China, Poland and Mexico.  Production of the solar modules is expected to begin in Q3 of this year.  The move for JASO is designed to help it expand its presence in the US market and meet strong global demand.  Just a few weeks ago JASO announced a partnership with MEMC Electronics (WFR) to produce solar cells.

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"We believe that both JA Solar and Jabil will benefit from this strategic alliance by working together to meet strong global demand for solar products," stated Dr. Peng Fang, CEO of JA Solar. "This alliance demonstrates the great success of our long-term strategy to partner with leading US-based companies in order to enter the rapidly growing US market. By leveraging Jabil’s expertise and experience in solar module manufacturing and strong global presence, we can further optimize our cost structure and expand our footprint into strategically important markets, especially in the US."

Shares of JASO are up a few percent this morning on the news.  I’ll call shares of JASO technically suspect at this point having traded below resistance of the 50 and 200 day moving averages for a few weeks now.  A breakout move above the 7.20 level would be bullish for shares of JASO.

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