JA Solar (NASDAQ:JASO) used to be the largest producer and seller of crystalline silicon solar cells a couple of years ago. However, the brutal downturn in the industry forced a change in the business model of the company. JASO had been punished more than the other Chinese solar stocks, as it did not sell solar modules like other big companies like Trina Solar (NYSE:TSL) and Yingli Green Energy (NYSE:YGE). This resulted in a greater compression in its margins compared to the other solar companies. However, the company's margins have started to improve as it has started selling more solar panels as compared to solar cells. It is capturing more value in the solar supply...
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