JA Solar (JASO) is down nearly 10% in after hours trading after cutting estimates for 2009. The company said that due to macro economic conditions and tight credit markets, revenues are expected to be softer than expected and in the range of $830 – $952, vs the consensus estimates of $1.12 billion.… Read the rest
Tag Archives: ja solar
Merrill Lynch Declares Cyclical Bottom In Solar ; Bank of America Upgrades JASO, TSL; ENER Gets Buy Rating
Are the tides turning for the solar industry? After months of doom and gloom forecasts, downgrades and price target cuts some upgrades and positive notes are beginning to slowly trickle in from analysts. Ah oh, time to sell!
Barron’s reported today that Merrill Lynch came out with a report today saying that improving second derivative trends suggest the industry is headed for a cyclical bottom. They went on to say that while demand won’t recover … Read the rest
Analyst Notes Weekly Review: First Solar (FSLR), Suntech Power (STP), LDK Solar (LDK), ESCO (ESE), JA Solar (JASO), Casella Waste (CWST), ReneSola (SOL)
I’m back from vacationing in Troncones, Mexico and looking forward to bringing you the latest in alternative and renewable energy stocks in the coming year! Thanks for all the comments from visitors in the 6 months since this site was launched. . my goal is to continue to push forward and make GreenStocksCentral.com the #1 source for breaking news and tracking of green stocks with an increasing number of analysis coming in 2009.
With that … Read the rest
JA Solar (JASO) Gets 60MW Supply Deal With Solar Power Inc (SOPW.OB)
JA Solar (JASO) has announced a one year supply deal with China based Solar Power Inc (SOPW.OB) which will supply SPI with 60MW of its 6” polycrystalline photovoltaic cells. No word on the financials of the deal.
JA Solar CEO Samuel Yang said, “This agreement represents a strategic alliance between our company and one of the leading solar solution providers in the world today. Through SPI we will be able to expand sales of our … Read the rest
JA Solar Holdings Co, Ltd (JASO) Revises Guidance
JA Solar announced it is revising it’s guidance for the 4th quarter based on the economic slowdown.
Previously, the company had predicted revenue of RMB 1.3 billion or $191.5 million to RMB 1.5 billion or $220.9 million. However. JA Solar has reduced that expectation to about RMB 843 million or $124 million. The company still expects to earn a gross margin of between 5 to 7 percent and expects to break even on earnings/ADS.
JA Solar (JASO) In Legal Hot Water Over Lehman Bros Note
Yesterday it was announced that Holzer & Fistel LLC was investigating possible federal securities violations of JA Solar (JASO) due to a failure to disclose in a timely manner that it had purchased a $100 million 3 month note from Lehman Bros. at a time when LEH was under severe financial distress.
After the bell today, Coughlin Stoia Geller Rudman & Robbins LLP announced a class action lawsuit in New York on behalf of purchasers … Read the rest
More Solar Analyst Downgrades & Price Cuts: STP, SOLR, YGE, SPWRA, WFR, JASO
Here’s a rundown of today’s analyst notes on several solar names according to StreetInsider.com
Downgrades
– Raymond James downgrades Suntech Power (STP) from Strong Buy to Outperform and has price target of $15
– FBR downgrades GT Solar (SOLR) from Outperform to Market Perform
– Credit Suisse downgrades JA Solar (JASO) from Outperform to Neutral
– Wedbush Morgan downgrades SunPower (SPWRA) from Strong Buy to Buy and slashed the price target from $100 to $32. … Read the rest
Wedge Partners Says China Solar Companies Slowing Production
According to Barrons, Wedge Partners was out with a research note this morning saying that the China based solar companies are slowing production in anticipation of falling demand and prices.
Some highlights:
– Suntech (STP) is laying off about 10% of its employees, idled half its production lines and shelved plans to expand to 1.2GW by the end of the year
– JA Solar (JASO) is seeing customer orders down drastically and half of its … Read the rest
Credit Suisse Lowers Price Targets For Several Major Solar Stocks (JASO, SOL, STP)
24/7WallStreet.com notes that Credit Suisse has lowered price targets on several major solar stocks. Apparently, with the economic downturn, shares just aren’t selling for as much as the used to, and the price targets were adjusted to reflect the new economic reality. According to the article, they may be starting a trend, as we can expect other brokerage firms to start taking similar actions. Here’s a quick rundown of the affected companies:
… Read the restJA Solar Holdings
Goldman Sachs Solar Calls: Applied Materials (AMAT) Upgraded and Added to Buy List
Goldman Sachs is out this morning with several calls on solar stocks:
Upgrades
* Upgraded Applied Materials (AMAT) from Sell to Buy and added to their Conviction Buy List
* Upgrades Yingli Green Energy (YGE) from Neutral to Buy but cut price target from $20 to $9
* Upgrades Trina Solar (TSL) from Sell to Neutral but cuts price target from $24 to $12
Maintain
* Maintains Buy rating on Suntech Power (STP) but cuts … Read the rest