(article on JA Solar updated to correct incorrect Google Finance time stamp on press release and note trading volume intra-day)

ZHABEI, China (


) --

JA Solar Holdings


spiked 16% on Monday, a day-long surge that was capped by an after market close announcement upping its own fourth quarter guidance. JA Solar advised the market that it expects shipments to exceed the high-end of its prior guidance given on Nov 10.

More than 17 million shares of JA Solar were traded, versus an average volume of 6 million.

JA Solar was the biggest gainer on Monday in the solar sector, but its positive guidance seemed to mirror a generally bullish outlook -- at least for one day -- on the solar sector, and in particular the Chinese names. Most of the major stocks were up, after the past few weeks had exhibited signs of exhaustion in the appetite for solar stocks.

While the momentum spike was typical, curious was the fact that JA Solar soared all day, while its guidance was not released to the market until after the close. In particular, there was a huge spike in volume at approximately 11:30 AM Eastern Time, with more than 700,000 shares traded at that moment in the trading day.

Canadian Solar

(CSIQ) - Get Report

was up 11%;

China Sunenergy


was up more than 7%;

Solarfun Power Holdings

TST Recommends

( SOLF) was up more than 6%; and

LDK Solar


was up 6% just minutes before the close of the market on Monday.

JA Solar now expects shipments for the fourth quarter to exceed 210MW, compared with prior guidance in the range 170MW to 200MW. For the full year of 2009, the company expects shipments to exceed 488MW, compared with prior guidance in the range of 448MW to 478MW.

Baofang Jin, chairman and CEO of JA Solar, said in the release: "While we anticipate Q4 2009 to be even stronger than Q3 2009 in terms of shipments, we also expect strong shipments for the full year."

For the full year 2010, JA Solar expects shipments to be in the range of 750MW to 800MW.

JA Solar's CEO also noted that in addition to strong demand from major markets, including Germany, China, U.S., Italy, South Korea, Spain and France, newer markets including the Czech Republic and Japan are poised to be strong growth areas.

-- Reported by Eric Rosenbaum in New York.


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