Why it is profiled?The company continues to see strong demand for its solar products
JA Solar Holdings Co. Ltd. (JASO) is a China-based crystalline-silicon solar cell manufacturer. The company has two main solar cell manufacturing facilities in Ningjin, Hebei Province and Yangzhou, Jiangsu Province with a total capacity of 1 GW; and a PV module factory of capacity 300 MW in Fengxian, Shanghai. By the end of 2010, the company is planning to achieve 1.1GW of solar cell capacity.
JA Solar's products are sold to manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity. The company's products are utilized for residential, commercial, and utility-scale renewable energy generation. Though a substantial portion of its products are sold to end-customers in China, the company also sells its products to customers in Europe, the Americas and other Asian countries.
Early this month, the company boosted its guidance for the first-quarter photovoltaic cell shipments to exceed 265MW, above the high-end of its previous guidance of 215MW to 225MW, citing robust demand from existing and new customers.
The company is scheduled to report its first-quarter results on May 11. After a string of quarterly losses, the company returned to profitability in the third quarter ended September 30, 2009, which has since improved sequentially.
Earnings per diluted ADS, which were RMB0.66 ($0.10) in the third quarter of 2009, improved to RMB0.94 ($0.14) in the fourth-quarter of 2009. For the first quarter ended March 30, 2010, Wall Street analysts have pegged earnings estimates at $0.18 per share.
Over the past four reported quarters, the company's revenue has increased sequentially. JA Solar's revenue was RMB231.7 million ($33.9 million) in the first quarter of 2009 ; RMB 600.7 million ($88.0 million) in the second quarter; RMB1.3 billion ($193.3 million) in the third quarter and RMB1.6 billion ($238.4 million) in the fourth quarter. For the first quarter of fiscal 2010, analysts have a consensus revenue estimate of $265.31 million.
In February, the company raised its photovoltaic cell shipment outlook for the full year of 2010 in excess of 900MW, from its prior guidance in the range of 750MW to 800MW. Now, with strong global demand for photovoltaic cells and modules, JA Solar is likely to upgrade its full-year 2010 guidance when it reports its first quarter results.
JASO has more than doubled from its 52-week low of $2.80 recorded on May 19, 2009 and trades over $6. The stock is trading above its 50-day and 200-day moving averages.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.