JA Solar (JASO) Lands Multi Year 400MW Deal In Europe

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 modules," said Dr. Peng Fang, CEO of JA Solar. "Combining our high quality solar modules with our partner’s extensive and diversified customer reach in Europe will enable us to further strengthen our position in this important market."

Shares of JASO are up nearly 3% in after market trading and hanging in around key support of the 200 day moving average.  In my opinion shares of JASO are offering a great entry point around current levels.

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