JA Solar (JASO) has landed a big 400MW multi-year solar supply agreement with a leading European solar systems specialist and will provide the panels between now and the end of 2013. The breakdown is 100MW in 2011, 125MW in 2012 and 175MW in 2013.
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"We are excited to embark on this long-term relationship with one of Europe’s leading suppliers of solar power systems and PV … Read the rest
JA Solar (JASO) has signed a 29MW solar module supply contract with a new Italian customer. It’s a subsidiary of an unnamed large utility group in Europe and the modules will be supplied this year. The number of Italian supply deals for the Chinese solar manufacturers has picked up in recent months as Italy is expected to replace some the decrease in demand out of Germany.
===> Click Here For Your FREE Daily JA Solar … Read the rest
Earlier today I posted a summary of Auriga’s bullish outlook on solar stocks for 2011. According to Barrons, Credit Suisse has also posted their outlook for solar stocks this year, but is less bullish. They have a cautious view in the near term and a Market Weight rating on the sector.
Auriga commented on the elasticity of the solar market where demand picks up as prices fall. Credit Suisse notes that this has traditionally … Read the rest
Auriga released its 2011 report on the solar industry last night and I wanted to summarize it a bit here for my readers. Auriga continues to remain generally bullish on the sector and doesn’t buy into the weakening demand + supply glut scenario that several other analysts are predicting for 2011/2012. They predict 23% growth for 2011 and highlight the elasticity of the solar market where as prices decrease demand picks up. They cite a … Read the rest
Zacks Investment Research has JA Solar (JASO) rated as a Strong Buy based on growth and valuation. Combine that with the fact that it has pulled all the way back to its 200 day moving average and it adds up to a very compelling solar play at current levels.
Zacks points out that JASO is now trading with a PEG ratio of just .4 (any number below 1 is very good), a forward PE of … Read the rest
Here’s an interesting chart from PV Market Research highlighting the solar module and cell manufacturing leaders. Some interesting stats that stand out to me. Q-Cells has improved the most in the past year in terms of cell production and JA Solar (JASO) is really beginning to emerge as a world leader in solar cell production and for the first time is at the top.
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 … Read the rest
According to Barrons, Jefferies believes that fears about a slow down in solar business in Germany due to caps on investments in renewable energy are overblown and that Germany is committed to making clean energy 18% of total energy consumption within the next 10 years.
Analyst Jesse Pichel’s visits with officials and companies in the Berlin area indicate that “there will be no German solar cap in 2011, but the [German Environment Ministry] does … Read the rest
Jefferies has a Buy rating and a $41 price target on American Superconductor (AMSC) and believes it’s the best wind play in China since its largest customer is Sinovel which is the #1 wind energy company in China.
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Wells Fargo is out this morning with several solar calls and is mostly bearish. They upgraded Yingli Green Energy (YGE) from Market Perform to Outperform citing low production … Read the rest
JA Solar (JASO) won’t have a problem finding materials for solar panel production over the next five years. The company just signed a big 10GW supply deal with GCL-Poly for a five year period.
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“We are very pleased to strengthen our long-term strategic partnership with GCL-Poly, China’s largest polysilicon manufacturer and a global leader in solar wafer manufacturing,” said Mr. Jian Xie, Chief Operating Officer … Read the rest
