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More on JA Solar's Q2: Poor results blamed on "unfavorable pricing environment" (many solar...
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Wednesday, August 29, 2012, 9:20 AM ETMore on JA Solar's Q2: Poor results blamed on "unfavorable pricing environment" (many solar firms can sympathize). Gross margin edged higher to 4.8% from Q1's 2.1%, but still remains at depressed levels. Modules made up 60% of revenue and 55% of shipments (record highs). Company now expects 2012 cell/module shipments of 1.5GW-1.8GW, below prior guidance of 1.8GW-2GW. Expects Q3 shipments of 350MW-370MW, below Q2's 418MW. JASO -9.4%. (PR)
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