JA Solar (JASO) Raises Q3 Guidance 10%

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08:17:39 am on October 26, 2010

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 digesting those gains recently.  Despite today’s positive news and pre-market bullishness, I still think JASO needs to test the 50 day moving average at some point around the $8 level. 

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