JA Solar (JASO) Gets Major Supply Deal With MEMC Electronic Materials (WFR)

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08:13:13 am on July 6, 2010

JA Solar (JASO) announced this morning that it has won a solar supply agreement with MEMC Electronic Materials (WFR) that has JASO supplying them with high performance solar modules beginning in the third quarter of this year and running through 2012.  No word yet on how much will be supplied or the financials of the deal.

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“MEMC is pleased to have selected JA Solar as a key supply partner due to the quality, performance and cost profile of their products,” said ‘Sean Hunkler, MEMC’s Senior Vice President of Customer Advocacy.  “Our two companies have complementary strengths in their respective segments of the solar value chain, and we look forward to a mutually beneficial long-term partnership with JA Solar.”

Shares of JASO are up nearly 4% in pre-market trading.

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