JA Solar (JASO) has landed a big 400MW multi-year solar supply agreement with a leading European solar systems specialist and will provide the panels between now and the end of 2013. The breakdown is 100MW in 2011, 125MW in 2012 and 175MW in 2013.
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"We are excited to embark on this long-term relationship with one of Europe’s leading suppliers of solar power systems and PV … Read the rest
JA Solar (JASO) has signed a 29MW solar module supply contract with a new Italian customer. It’s a subsidiary of an unnamed large utility group in Europe and the modules will be supplied this year. The number of Italian supply deals for the Chinese solar manufacturers has picked up in recent months as Italy is expected to replace some the decrease in demand out of Germany.
===> Click Here For Your FREE Daily JA Solar … Read the rest
Zacks Investment Research has JA Solar (JASO) rated as a Strong Buy based on growth and valuation. Combine that with the fact that it has pulled all the way back to its 200 day moving average and it adds up to a very compelling solar play at current levels.
Zacks points out that JASO is now trading with a PEG ratio of just .4 (any number below 1 is very good), a forward PE of … Read the rest
Here’s an interesting chart from PV Market Research highlighting the solar module and cell manufacturing leaders. Some interesting stats that stand out to me. Q-Cells has improved the most in the past year in terms of cell production and JA Solar (JASO) is really beginning to emerge as a world leader in solar cell production and for the first time is at the top.
Bloomberg reported over the weekend that JA Solar plans to expand solar cell production capacity by at least 30% next year and is currently in negotiations to build a solar production facility in the US, joining other China manufacturers who have begun to produce here in the US (Trina Solar and Yingli if I’m not mistaken). The company will look to expand upon its 10% global market share by seeking opportunities in emerging markets. The … Read the rest
JA Solar (JASO) won’t have a problem finding materials for solar panel production over the next five years. The company just signed a big 10GW supply deal with GCL-Poly for a five year period.
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“We are very pleased to strengthen our long-term strategic partnership with GCL-Poly, China’s largest polysilicon manufacturer and a global leader in solar wafer manufacturing,” said Mr. Jian Xie, Chief Operating Officer … Read the rest
JA Solar (JASO) is reporting strong results this morning, beating analyst estimates and raising guidance. The company reported a GAAP EPS of .47/share and while the company doesn’t report a non GAAP number it looks like to me the non GAAP is .36/share which beats the analyst estimate of .34/share. I’ll update this post if I’ve calculated that non GAAP number incorrectly. Either way, the company beats. Revenues beat as well coming in at $541 … Read the rest
JA Solar (JASO) is moving up in pre-market trading on news the company is raising guidance for the 3rd quarter and now sees shipments at 410MW vs the previous guidance of 375MW. That would represent a 32% jump over the previous quarter and a 131% jump over the year ago quarter. They’ll report official results on November 9th.
Shares of JASO have been on a torrid run over the past couple months and have been … Read the rest
Canaccord Genuity is out with a few ratings changes in the solar space.
The firm has upgraded JA Solar (JASO) from Hold to Buy and raised the price target nearly 50% to $11. Shares are falling another 3% today despite the upgrade indicating the stock is a bit tired following a torrid run.
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Both Suntech (STP) and Sunpower (SPWRA) were downgraded from Hold to … Read the rest
Wells Fargo initiated coverage on JA Solar (JASO) with a Market Perform rating and price target of $7 – 8. While the firm says fundamentals remain strong and shares inexpensive, they aren’t willing to rate the company an Outperform due to weaker demand/greater supply picture going forward.
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Shares of JASO continue to look very bullish, but a bit overstretched in the short term. I’d … Read the rest
