An awful earnings report out of JA Solar (JASO) this evening with the company missing analyst EPS estimates by a wide margin and reporting a record quarterly loss of .22/share. Ouch. Revenues came in at $413 million vs the estimate for $418 million. The cause? You guessed it.. a slow down in Germany and policy changes in Italy not to mention increasing economic uncertainty.
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Dr. Peng … Read the rest
Late yesterday shares of JA Solar (JASO) spiked lower out of the blue with no news being reported. Many are wondering what happened and of course the speculation is swirling. The rumors range from another “fat finger” event (aka accidental sell) to a short raid to imminent bad news. Whatever the reason it’s not going to give traders any confidence in shares of JA Solar for some time as shares continue to plunge lower and … Read the rest
JA Solar (JASO) continues to find ways to expand capacity. You might remember that back in February the company announced a 3 year, $2 billion expansion plan. This morning the company announced an acquisition of Virgin Islands based Silver Age Holdings for $180 million in stock. Silver Age owns a leading solar wafer producer in China with an annual solar wafer capacity of 485MW. The company also produces quartz crucibles which is a key material … Read the rest
JA Solar (JASO) is seeing a nice pop in the early going this morning after reporting better than expected Q1 results. The company reported a non GAAP EPS of .40/share on revenues of $556 million. That’s a beat on both the top and bottom line and represents significant quarter over quarter growth of 67% and 91% respectively.
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Here are some highlights of comments made … Read the rest
JA Solar (JASO) and Jabil Circuit (JBL) have inked a deal on a two year joint venture which has JASO supplying 400MW in solar cells as well as module designs. The deal allows Jabil to manufacture 200MW per year in solar modules with JASO at Jabil facilities in China, Poland and Mexico. Production of the solar modules is expected to begin in Q3 of this year. The move for JASO is designed to help it … Read the rest
Two solar industry heavyweights announced a 50/50 joint venture for solar cell production in China today. JA Solar (JASO) and MEMC Electronic Materials (WFR) will build and operate a solar cell production facility in China with phase 1 calling for 250MW of capacity which may be expanded up to 1GW.
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"We are delighted to embark on this exciting initiative with MEMC, and to continue our … Read the rest
JA Solar (JASO) has signed another supply agreement with Solar-Fabrik AG of Germany. JASO will supply more than 110MW of solar products throughout this year.
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"Since 2008, JA Solar and Solar-Fabrik AG have enjoyed a productive and rewarding partnership, and we are very pleased to expand on this alliance in 2011," commented Dr. Peng Fang, CEO of JA Solar. "The success of this relationship demonstrates JA … Read the rest
It was announced today that JA Solar (JASO) will invest a bit more than $2 billion in a massive capacity expansion in the city of Hefei. The company is committed to investing in production capacity of 3GW which will ultimately exceed its current entire capacity. CEO Fang Peng stated it’s a project that will last about three years. Considering $2 billion is about a years worth of revenue for JASO, is this too big a … Read the rest
JA Solar (JASO) joined Trina Solar (TSL) in posting strong earnings results. The company beat analyst estimates by posting an EPS of .59/share on revenues of $585 million vs the analyst estimate for .48 in EPS on revenues of $570 million. That’s good for quarter over quarter growth of 392% and 145% respectively. The company reported record shipments of 463MW during the quarter which doubled the year ago quarterly output.
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Auriga sent over a research report to us this morning, reiterating their cautiously bullish stance on China solar stocks following a 7 day trip throughout China. The firm visited both public and private companies and while positive in the near term for both shipments and pricing, there is some trepidation due to rising costs.
Commenting on earnings season, they feel that while most companies will post beat and raise quarters, some may reveal some margin … Read the rest