JA Solar (JASO) gapped up big out of the gates this morning after reporting a wider loss of .11/share on a non GAAP basis, but beating revenue estimates of $118 by reporting $143.5 in revenue. It has reiterated its guidance for revenues this year in the range of $830 – 952 million which should put the company close to analyst expectations of $854 million.
The company remains fairly liquid with $282 million in cash and … Read the rest
Yesterday JA Solar (JASO) announced a supply deal with BP Solar International in which JASO will supply BP with an initial 175MW of monocrystalline and polycrystalline solar cells this year and could reach as much as 360MW over the course of the yaer. … Read the rest
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
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
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
Forbes.com notes that the stock prices of major solar power companies like LDK and JA Solar Holdings fell yesterday, as the companies continue to face difficulties from reduced demand and lack of credit.
Here’s a roundup of the stocks they profiled in the article referenced above:
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 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.
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
JA Solar Holdings posted mixed results today, sending their share prices down in pre-market trading by 19%, to $2.70 per share. The company reported a net loss of $21.0 million, or 36 cents per ADS, compared to third quarter of 2007, when it earned $24.4 million, or .17 cents per ADS.
However, this loss was primarily related to one-time losses from deals with Lehman Brothers. The company lost $100 million in investments, $7.3 million … Read the rest