JA Solar Holdings (JASO)
JA Solar Holdings is a China-based company engaged in the design, development, manufacture and marketing of high-end performance solar energy products. The company has two main solar cell manufacturing facilities. They're located in Ningjin in Hebei Province and Yangzhou in Jiangsu Province. They have a total capacity of 1 gigawatt.
For the quarter ended Sept. 30, the company's shipments exceeded 410 megawatts on strong customer orders, from the earlier guidance of 375 MW given on Aug. 10. The new guidance is 31.8% higher than the shipments in the second quarter, and up 131.6% from the third quarter of 2009.
Early this month, JA Solar announced supply agreements with BP (BP) solar to supply 185 megawatts of monocrystalline and multicrystalline solar cells in 2010 and through 2011. The company also announced a supply agreement for 13 MW of monocrystalline solar cells with a leading U.S. solar manufacturer.Focusing on R&D, JA Solar is improving its solar cells conversion efficiency through a commercial launch of "SECIUM" solar cells, which could boost profit margins and improve market traction. In addition, the company, unlike its competitors, met its capital obligations through low-cost borrowings. Despite gaining 96.0% after testing lows on June 2009, the stock is trading at an attractive forward P/E multiple of 7.4.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV