- JA Solar boasts some of the highest efficiency panels in the world.
- The company employs a highly vertically integrated manufacturing model and is planning to extend its business further into the downstream solar segment.
- JA Solar has a healthy balance sheet, with one of the lowest levels of debt in the industry.
- Although there are many risks facing JA Solar, the company has proven itself more than capable in dealing with obstacles.
JA Solar Holdings: A Company With High Profit Margins For Investors
- JASO is a company worth noticing and putting your money into.
- Investors can make a good profit in the short term.
- Its latest-quarter results are expected to be even better.
Why JA Solar Looks Like A Good Option To Benefit From The Solar Industry's Growth
- The solar market is growing at a rapid pace across the globe as installations are increasing, opening up a significant opportunity for JA Solar.
- JA Solar has made a smart move by shifting its business from cells to modules, as this strategy is helping it deliver impressive growth.
- JA Solar is tapping different international markets in a smart manner with the help of its local associates.
- JA Solar's valuation is cheap, and given the rate at which its earnings are expected to grow, it could turn out to be a smart investment.
- JA Solar reported solid Q3 earnings, beating both top line and bottom line estimates. .
- The company has successfully transformed from manufacturing solely solar cells to manufacturing predominantly higher margin solar modules.
- Japan, which accounted for 36% of shipments, could be a weakness going forward as a falling Yen lowers margins.
- JA Solar posted strong results and excellent guidance including visibility into the first quarter of 2015.
- The low price to book ratio and strong earnings performance make the stock a winner for 2015.
- Stock buy back announced by the management, is substantial and can add significant tailwind to the stock performance.
- JA Solar beats market expectations and reports both good topline and bottomline during Q314.
- Stock remains extremely cheap on all valuation measures.
- Company is benefiting from strong industry growth as capacity remains sold out.
- JA Solar second quarters were underwhelming due to soft demand and ASPs in China and product mix.
- Company's forecast on Q3/Q4 ASPs may be somewhat optimistic and we see risk of further ASP declines and margin pressure.
- The Company's project business, while small, may provide sufficient cushion to overcome the turbulence.
- JA Solar missed earnings estimates for Q2, but posted solid year-over-year gains.
- The earnings miss was a disappointment, but I still have a positive long-term outlook for the company.
- Although I didn't anticipate an earnings miss in my last article, I still think JA Solar will perform well over the long term.
JA Solar Files Shelf Registration: Sign Of Things To Come?
- JA Solar filed an unadvertised self filing for $250M.
- The size of the filing in relationship to its market cap likely indicates strength.
- Coming ahead of Q2 earnings we see this as a positive sign.
- ReneSola nearly qualified for the SEC's watch list for abusive short selling.
- JA Solar did make the list several times in May.
- Frequent small transactions also point towards price manipulation.
- Longs need not be afraid, but naked options trading isn't recommended.
JA Solar's 20.4% Cells: A Fable About How U.S. Companies Keep Underestimating The Chinese
- JA Solar has become the first company to initiate high-volume production of 20%+ p-type sole cells.
- The company's technological innovation and volume ramp contrast with SolarCity's plans.
- We believe U.S. companies and investors perennially underestimate Chinese ingenuity and technological advantage.
JA Solar: Does This Second Fiddle Company Deserve A Second Look?
- JA Solar is a below the radar under appreciated solar company with good execution track record.
- Is spite of its good all around performance, the Company is negatively impacted by the Commerce decision.
- We see very little downside at the current valuation level but at the same time we do not see much upside either until the dust settles.
JA Solar: A Good Buy After A Successful Transformation
- Diversification and integration – forward looking commitment by the company towards solar.
- Low valuation, strong geographical foothold and decent Q1 results offer a great opportunity to invest in this solar stock.
- Low debt acts as a cherry on the cake.
- JA Solar reported earnings early this morning, with EPS of 23c on revenues of $366m.
- The stock trades at a discount compared to peers.
- Options provide a way to invest in the stock at discounted rates. Warning: they are thinly traded.
JA Solar: Significant Upside Is Likely On Valuation And Growth
- Improvements in the solar market have led JA Solar to turn a profit for Q4 2013.
- Strong shipments are expected to continue in 2014.
- Multiple fundamentals are improving for the company which should lead to higher stock prices.
JA Solar: Despite The Strong Rally, Stock Remains A Buy
Earnings Preview: JA Solar Reports Q2 Earnings Aug. 29
May. 8, 2014, 9:16 AM
May. 8, 2014, 8:13 AM
- JA Solar's (JASO) Q1 cell/module shipments totaled 638.1MW, -4.1% Q/Q and +44.1% Y/Y, and soundly above guidance of 580MW-610MW. Shipments are expected to grow to 670MW-700MW in Q2.
- For now, full-year guidance of 2.7GW-2.9GW (200MW for JA's downstream projects) is being reiterated.
- Gross margin rose to 16.7% in Q1 from 15.5% in Q4 and 6% a year ago. Opex rose 18% Y/Y, less than rev. growth of 35.7%.
- While cell shipments fell 17.2% Q/Q to 250MW, module shipments rose 6.8% to 388MW.
- Thanks to surging Japanese demand, Asia-Pac markets other than China made up 52.8% of Q1 shipments. Europe (14.8% of shipments) was also a geographic strong point. China only accounted for 26% of Q1 shipments (seasonality), and the U.S. 4.1%.
- Q1 results, PR
May. 8, 2014, 7:14 AM
May. 7, 2014, 5:30 PM
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Apr. 28, 2014, 2:15 PM
- The latest rout in once-high-flying tech momentum plays isn't leaving solar stocks unscathed. The Guggenheim Solar ETF (TAN -6.2%) is now down 21% from its March 7 high of $51.07.
- Likely adding fuel to the fire: Credit Suisse has slashed its 2014 Chinese solar installation forecast by 500MW to 11.5GW, soundly below the government's 14GW target (set in February). CS thinks policy changes related to utility-scale projects, feed-in tariff reimbursement, and distributed solar incentives are needed for investment to pick up.
- The firm adds JinkoSolar (JKS -10.8%), Trina (TSL -12.2%), and Canadian Solar (CSIQ -12.8%) are well-positioned to profit from downstream projects, given they have access to financing from the China Development Bank and other sources. On the other hand, it thinks Yingli (YGE -4.1%) and ReneSola (SOL -8.8%) are "less likely to access project capital due to their strained balance sheets." Yingli recently priced a stock offering expected to yield $83M in net proceeds.
- Other decliners: FSLR -5.3%. SCTY -7.1%. SUNE -6.8%. CSUN -9.8%. JASO -9.4%. DQ -9.3%. HSOL -5.9%. SPWR -5.1%.
Apr. 22, 2014, 3:56 PM
- Solar stocks are among the biggest winners (TAN +5.2%) on a good day for momentum stocks.
- SunEdison (SUNE +11.6%) is leading the pack after David Einhorn disclosed he has added to the position he started in Q4, and predicted lower solar costs and rising electricity prices should make the company a "winner." Einhorn is less crazy about tech momentum plays in general.
- Meanwhile, Canadian Solar is benefiting from a Japanese module deal, and SunPower (SPWR +6.5%) and SolarCity (SCTY +6.4%) are getting a lift from a Goldman note calling the companies its two best solar ideas. SunPower reports on Thursday.
- Other notable gainers: YGE +7.9%. DQ +9.2%. JKS +7.4%. SOL +6.8%. HSOL +6.7%. ENPH +6.2%. JASO +4.5%.
Apr. 16, 2014, 9:43 AM
- The U.S. Energy Department plans to offer up to $4B in loan guarantees to renewable energy projects, focusing on advanced electric grid technology and storage, biofuels that can be used in conventional vehicles, energy from waste products and energy efficiency improvements.
- Despite the high-profile collapse of Solyndra, the Obama administration believes most of its energy investments have done well, and it credits the program with strengthening the U.S. solar industry.
- Solar stocks: TAN, JASO, SPWR, TSL, FSLR, LDK, CSIQ, YGE, SOL, JKS, CSUN, SCTY, HSOL, EMKR, SUNE, DQ.
- Battery related names: PLUG, BLDP, CBAK, ZBB, ABAT, ULBI, ENS, HPJ.
- EV cars: TSLA.
Apr. 14, 2014, 11:57 AM
- JA Solar (JASO +7.4%) now expects Q1 solar cell/module shipments to top 620MW, putting them above prior guidance of 580MW-610MW. In addition, gross margin is expected to rise from a Q4 level of 15.5% (already up 420 bps Q/Q).
- Full-year cell/module guidance (2.7GW-2.9GW, of which 200MW is expected to involve JA's downstream projects) is being reiterated.
- JA's Q1 guidance hike comes in spite of recent warnings from Yingli and Trina.
Apr. 10, 2014, 4:01 PM
- Following a two-day rebound, high-beta tech stocks are seeing monumental losses once again. The Nasdaq is closing with its biggest one-day decline since 2011 (eclipsing last week's 110-point drop).
- Security hardware/software providers were hard-hit following Imperva's (IMPV -43.8%) big warning: FEYE -11.6%. PANW -6.4%. PFPT -9.8%. FFIV -4.7%. KEYW -6.5%. FTNT -6.9%. QLYS -10.4%.
- Other high-beta enterprise names didn't fare much better: DATA -10%. SPLK -10.3%. WDAY -9.3%. VRNS -8%. EOPN -7.9%. FIO -7.6%. BLOX -9.7%.
- Major Internet decliners: P -11%. YELP -10.6%. ZNGA -6.6%. YY -7.3%. QIHU -9.3%. SINA -6.6%.
- Solar: TSL -10.4%. CSIQ -10.4%. JKS -7.9%. SPWR -7.4%. JASO -6.8%. CSUN -8.2%.
- 3D printing: DDD -10.6%. VJET -13.3%. ONVO -8.1%. XONE -7.7%. SSYS -6.7%.
Apr. 1, 2014, 9:40 AM
- Nvidia (NVDA +3.4%) has been upgraded to Outperform by JMP. The company made a flurry of product announcements last week.
- InvenSense (INVN -2.2%) has been cut to Market Perform by Oppenheimer. A Galaxy S5 teardown recently turned up a 6-axis InvenSense motion sensor.
- Rubicon (RBCN +10%) has been upgraded to Overweight by JPMorgan.
- JA Solar (JASO +5.2%) has been started at Outperform by Northland.
- Tablueau (DATA +1.4%) has been upgraded to Outperform by Baird.
- Informatica (INFA +4.2%) has been upgraded to Overweight by Barclays.
- MagnaChip (MX -2.5%) has been cut to Neutral by Chardan Capital following Friday's restatement/CFO news. UBS downgraded shares to Sell yesterday.
- Extreme Networks (EXTR +6%) has been started at Buy by Wunderlich. The company recently launched several new software products, as well as 100-gig Ethernet blade for its switches.
- Coupons.com (COUP -2.2%) has received a bullish rating from BofA/Merrill, and neutral ones from Goldman and RBC, on underwriter coverage day.
Mar. 17, 2014, 10:06 AM
- JA Solar (JASO +9.6%) expects cell/module shipments in seasonally weak Q1 to total 580MW-610MW, and full-year shipments to amount to 2.7GW-2.9GW, 200MW of which will be for the company's own solar projects. The full-year guidance range compares with a 2013 level of 2.1GW.
- Q4 shipments totaled 665.MW, +33% Q/Q and Y/Y, and well above a guidance range of 500MW-550MW. Cells accounted for 302.2MW of shipments (+55% Q/Q and +70% Y/Y), and modules 363.3MW (+19% Q/Q and +13% Y/Y).
- Helping JA's bottom line: Gross margin rose to 15.5% from 11.3% in Q3 and -4.6% a year ago, and opex fell 34% Y/Y to $45.6M even as revenue rose 29.5%.
- China made up 53.2% of Q4 shipments, up sharply from 38.7% in Q3. The rest of Asia-Pac accounted for 31.7% vs. 39.3%, Europe 8.3% vs. 9.5%., and the Americas 5.9% vs. 10.7%.
- JA ended Q4 with $350.2M in cash/equivalents, and $583.5M in debt.
- Q4 results, PR
Mar. 17, 2014, 9:09 AM
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