JA Solar (JASO) To Expand Capacity 30%, Build Solar Facility In US

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09:33:54 am on December 20, 2010

Bloomberg reported over the weekend that JA Solar plans to expand solar cell production capacity by at least 30% next year and is currently in negotiations to build a solar production facility in the US, joining other China manufacturers who have begun to produce here in the US (Trina Solar and Yingli if I’m not mistaken).  The company will look to expand upon its 10% global market share by seeking opportunities in emerging markets.  The CEO specifically named Canada and Africa, but I really think India could be a huge growth market in the next few years.  I’ve noticed an increasing number of solar deals happening in India.

Shares of JASO are up about 1% and closing in on major support of the 200 day moving average which I think is an area where this stock is mighty compelling for a long term entry point. 

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