Yingli missed analysts' estimates in its first-quarter results, but reported a high gross margin15.7%, up from 1.2% in the previous quarter and 4.1% in the year-ago quarter. The solar panel maker said the gross margin was due to strong demand in Japan.
SolarCity announced Tuesday that it will build a 1GW module plant in upstate New York, followed by a much larger solar panel factory.
Yingli and SolarCity's news helped boost solar panel makers including JA Solar.
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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 multiple weaknesses, 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. Among the areas we feel are negative, one of the most important has been poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: