Over at SeekingAlpha.com, Kelvin Schulle makes a good case for being bullish on both JA Solar (JASO) and Canadian Solar (CSIQ) which he believes are gaining significant market share.
Here are some highlights..
On JASO:
– company improving marketing and diversifying its customer base to include emerging markets
– continuing to improve panel efficiency
– China demand continues to improve
They will report earnings May 19th.
Get more JASO analysis here
On CSIQ:
– its … Read the rest
Solar analyst Mark Bachman of Auriga USA (formerly of Pacific Crest) initiated coverage of several solar stocks after the bell today. Hat tip to Street Insider for the following analyst comments:
Trina Solar (TSL) initiated at Buy with $34 price target (about 30% above current levels). More TSL analysis here
“We initiate coverage of Trina Solar with a Buy rating as the most under appreciated Chinese solar company we follow. While the stock is up … Read the rest
JA Solar (JASO) has raised shipments guidance for the recently ended quarter from the previously expected range of 215 – 225MW to 265MW. The company will report earnings in about a month.
===> Click Here For Your FREE JA Solar Analysis
CEO Peng Fang is seeing growth across the board. “We are making progress in winning new customers globally, and are seeing strong demand for our high quality solar products from major solar markets worldwide, … Read the rest
According to Street Insider, Piper Jaffray has responded to a negative Barron’s article over the weekend saying that the article is another sign that the negative sentiment on solar stocks has been priced in already and that the sector is poised to rebound with better visibility in the second half of the year. They went on to say that the German feed-in tariff cuts should stimulate growth and reiterated their Overweight ratings on Yingli … Read the rest
GT Solar International (SOLR) announced a $20 million order for its DSS450 solar ingot furnace about a week ago and the CEO commented then that the company was seeing a pickup in demand as China solar manufacturers look to increase capacity.. he wasn’t kidding! This morning the company has announced $200 million in new orders for its industry leading furnace, ancillary equipment and services. The new orders include a $137 million follow on order (which … Read the rest
The China solar stocks could use some good news after being pummeled in the past month and JA Solar (JASO) is providing it with its earnings results this morning. The company recorded record shipments in the quarter, improved margins, beat the Wall St estimates and raised guidance. All in all, a well executed quarter from JASO indicating the company is not only a survivor but a company that could be a leader. They really … Read the rest
JA Solar (JASO) will report ahead of the bell tomorrow morning and Piper Jaffray has a preview (courtesy of Street Insider) of earnings which could provide some insight into how well the other China solar companies will do this quarter.
Jesse Pichel of Piper Jaffray recommends traders own JASO shares ahead of earnings. It’s a little late now! They highlight the positives..
– JA Solar has low Euro exposure compared with its Chinese peers. … Read the rest
Cree Inc (CREE) is being hit with another downgrade this morning, this time from Brigantine Advisors (first I’ve heard of them) to a Sell rating due to valuation concerns. Hat tip to StreetInsider.com for the following analyst comment:
“Based upon our checks, we believe that demand and pricing for LEDs was very robust in the December quarter, and Cree likely enjoyed strong business trends. Seasonally strong demand from Notebook PCs and LED-backlit televisions appear to … Read the rest
By Sam Hopkins of GreenChipStocks.com
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With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
Last night JA Solar (JASO) raised guidance and announced a share repurchase program. Piper Jaffray is responding this morning by reiterating their Overweight rating and raising the price target from $6 – $7.
Hat tip to StreetInsider.com for the following analyst comment:
“JASO provided new guidance after the close on December 14 for 4Q09 shipment to be more than 210MW, vs. prior guidance of 170-200MW and our estimate of 185MW, on current customer orders … Read the rest