JA Solar reported earnings of 21 cents a share for the third quarter, beating the Capital IQ Consensus Estimate of 15 cents a share by 6 cents. Revenue grew 71.3% year over year to $492.2 million, beating analysts' estimates of $425.25 million.
The company said total shipments totaled 785.4 megawatts in the third quarter, up 57% year over year and 15.2% from the previous quarter. JA Solar expects to total cell and module shipments in the fourth quarter to total 850 MW to 900 MW.
JA Solar also announced that it plans to buy back $90 million worth of it stock from shareholders.
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 several 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. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: JASO Ratings Report