The company said it now expects total shipment volume in the first quarter of 2014 to exceed 620 MW, up from its previous estimates of between 580 MW and 610 MW. JA Solar also expects sequential gross margin improvement in the quarter.
The company reiterated its full year fuel cell and module shipment guidance of between 2.7 GW and 2.9 GW, including 200 MW of module shipments to its downstream projects.
"We are proud that solid execution in the quarter enabled us to exceed our previously issued guidance," chairman and CEO Baofang Jin said in a press release.
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TheStreet Ratings team rates JA SOLAR HOLDINGS CO LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate JA SOLAR HOLDINGS CO LTD (JASO) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally high debt management risk."