JA Solar (JASO) Raises Guidance 20%, Shares Surge 10%

JA Solar (JASO) has raised shipments guidance for the recently ended quarter from the previously expected range of 215 – 225MW to 265MW.  The company will report earnings in about a month.

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CEO Peng Fang is seeing growth across the board.  “We are making progress in winning new customers globally, and are seeing strong demand for our high quality solar products from major solar markets worldwide, including Germany, China, U.S., Italy, South Korea, Spain, France, the Czech Republic and India. We are also seeing growth in emerging solar markets, such as Australia, Canada, and Japan,” he said.

Shares are up nearly 10% in premarket trading and will gap up out of a bullish cup with handle base just above $6/share.

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