JA Solar (JASO) Sees Better Visibility Into 2011, Raises FY 2010 Guidance

Posted by Tate Dwinnell | # |
12:57:47 pm on September 7, 2010

JA Solar (JASO) held an analyst day today in Valencia, Spain and remains bullish on the solar sector as well as their own company.  Some highlights of the event..

– Momentum remains strong with better visibility into 2011
– Company increasing market share
– They believe they are the largest pure play solar company in the world
– Launched next gen SECIUM cells at 18.9% efficiency
– Raising its 2010 shipment guidance 1.35MW
– Customers outside of China now represent nearly half of business

Shares of JASO have reversed sharply off the morning low, but up just about 1% today.  In the shorter term, the stock remains a bit overbought after a nice surge in recent weeks.

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