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JA Solar Holdings, Co., Ltd. (JASO)

  • Aug. 2, 2012, 9:29 AM
    Solar stocks look poised to open higher after First Solar's (FSLR) surprising Q2 results: FSLR +12.6%, SPWR +8.5%, TAN +7.6%, TSL +6.8%, YGE +6.7%, JASO +6.7%, LDK +5.5%, STP +5% premarket. FSLR is upgraded to Outperform from Neutral at Baird, which cites its balance sheet "head and shoulders above its competitors."
    | Aug. 2, 2012, 9:29 AM | Comment!
  • Aug. 1, 2012, 4:26 PM
    First Solar's Q2 beat and guidance hike is providing a lift to downtrodden peers. SPWR +3.4% AH. LDK +5.5%. YGE +4.9%. WFR +3.5%. JASO +5.6%. TSL +4.6%. STP +5% (previous).
    | Aug. 1, 2012, 4:26 PM | 1 Comment
  • Jul. 30, 2012, 10:12 AM
    Suntech (STP -13.4%) makes new all-time lows after stating it could be the victim of a massive fraud. Suntech was guaranteed €560 ($692M) worth of German government bonds by asset management firm GSF Capital as collateral for a €540M ($662M) investment in a fund that invested in private companies developing solar projects. However, the company now believes the bonds "may not have existed." YGE -11.2%. CSIQ -7.3%. JASO -7.2%. TSL -6.7% after warning.
    | Jul. 30, 2012, 10:12 AM | Comment!
  • Jul. 24, 2012, 3:18 PM
    European solar makers are set to launch a complaint with the European Commission accusing China’s solar panel makers of selling solar PV cells below cost in the EU, more critical for China’s solar makers than U.S. action because of so many more EU solar installations than in the U.S. Chinese solar makers sink: YGE -11%, LDK -4.6%, TSL -5.5%, STP -2.5%, JASO -3.8%, JKS -4%.
    | Jul. 24, 2012, 3:18 PM | Comment!
  • Jul. 12, 2012, 10:56 AM
    Piper is downgrading four solar names - LDK Solar (LDK -4.4%), Trina Solar (TSL -5%), Yingli (YGE -3.2%), and JA Solar (JASO -4.5%), while upgrading two others - Canadian Solar (CSIQ +1.4%) and SunPower (SPWR +0.2%). The downgrades relate to worries about pricing and margins, though LDK's high debt load is also discussed. The CSIQ and SPWR upgrades stem from optimism about the companies' project installation and U.S. residential ops, respectively.
    | Jul. 12, 2012, 10:56 AM | 2 Comments
  • Jul. 5, 2012, 6:58 PM
    Chinese solar module firms are now reportedly willing to extend payment periods to 120-180 days, as they do whatever they can to reel in new business in the face of weak demand and (soon) U.S. tariffs. That's a good reason to keep an eye on the accounts receivable figures of Chinese solar vendors, who rallied on Tuesday after the Chinese government quadrupled its 2015 solar installation target.
    | Jul. 5, 2012, 6:58 PM | 4 Comments
  • Jul. 3, 2012, 10:22 AM
    Some solar names are rallying after the Chinese government quadruples its 2015 domestic solar installation target to 21GW - its latest effort (previous) to prop up local vendors contending with oversupply, negative gross margins, weak Euro demand, and now anti-dumping tariffs. Remaining to be seen is how much the government will "encourage" local firms to consolidate. LDK +5.9%. STP +6.8%. FSLR +4.8%. CSIQ +4.7%. JASO +3.9%.
    | Jul. 3, 2012, 10:22 AM | 1 Comment
  • Jun. 26, 2012, 12:03 PM
    More on Goldman's downgrade of Yingli (YGE -5.3%):  Analyst Amy Song declares the ugly down-cycle faced by Yingli and other Chinese solar names to be the result of a "vicious circle" of government-supported expansion, international dumping, foreign tariffs, domestic dumping, and further expansion. Song doesn't see crashing polysilicon prices bottoming until late 2012/early 2013, and expects module prices to remain pressured in 2013. (LDK Solar)
    | Jun. 26, 2012, 12:03 PM | Comment!
  • Jun. 18, 2012, 4:08 PM
    Solar stocks finish higher (TAN +2.2%) on a good day for high-beta tech names. Helping their cause is the Japanese government's unveiling of a solar subsidy program that pays solar panel owners for electricity at a rate that's 3x the one charged for conventional power. Even if domestic suppliers take a large chunk of the resulting orders, the demand boost the program stands to provide could help stabilize diving solar cell and module prices.
    | Jun. 18, 2012, 4:08 PM | 2 Comments
  • Jun. 14, 2012, 5:15 PM
    Though JA Solar (JASO +13.4%) soared on news of its $100M stock buyback, Jefferies (Underperform) isn't convinced it's a bright idea. The firm observes the buyback amounts to nearly half of JA's market cap (currently $213.4M), and thinks the demand, margin, and payment issues facing solar vendors require them to "save every penny." And even if a company has excess cash, Jefferies considers it better spent on downstream (i.e. installation) projects, which remain profitable.
    | Jun. 14, 2012, 5:15 PM | 3 Comments
  • Jun. 14, 2012, 8:25 AM
    JA Solar (JASO) +18.3% premarket after announcing a $100M share repurchase program effective immediately.
    | Jun. 14, 2012, 8:25 AM | Comment!
  • Jun. 13, 2012, 4:55 AM
    The U.S. market for solar panels is likely to double this year, according to a new study, spurred by falling prices and supportive government policies; 3,300 megawatts of solar panels are likely to be installed in 2012. However, new tariffs on panels imported from China could contribute to slower growth in 2013.
    | Jun. 13, 2012, 4:55 AM | Comment!
  • Jun. 12, 2012, 2:57 PM
    JA Solar (JASO +6.7%), China's largest solar cell maker, says it may move production out of China to evade U.S. anti-dumping tariffs, CEO Peng Fang says in comments highlighting growing tensions between European and U.S. governments and the Chinese state over its aid for renewable energy companies.
    | Jun. 12, 2012, 2:57 PM | 1 Comment
  • Jun. 5, 2012, 9:40 AM
    More on JA Solar (JASO) Q1: Swings to net loss of $39.8M from a profit of $71.8M as revenue plunges 56% due to weak panel prices. Shipments -19% to 366 MW, but above JA Solar's March guidance of 320-350 MW.  Provisions for U.S. anti-dumping tariffs just $2.9M. For Q2, expects shipments of 420-440 MW. Shares +4.5%.
    | Jun. 5, 2012, 9:40 AM | Comment!
  • Jun. 5, 2012, 7:38 AM
    JA Solar Holdings (JASO): Q1 EPS of -$0.20 misses by $0.04. Revenue of $254M beats by $20M. Shares +14.6% premarket. (PR)
    | Jun. 5, 2012, 7:38 AM | Comment!
  • Jun. 1, 2012, 2:20 PM
    More bad news for Chinese solar firms who have just been hit with major U.S. tariffs. European banks, many of whom have troubles of their own, have reportedly started blacklisting Asian solar module vendors seeking funds from lending facilities, as have systems integrators. Weak Euro solar demand, macro troubles, and concerns about product quality are all said to be influencing the moves.
    | Jun. 1, 2012, 2:20 PM | Comment!
Company Description
JA Solar Holdings Co ADR designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.
Sector: Technology
Country: China