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Energy

Things Keep Looking Better for JA Solar (JASO)

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By Jon C. Ogg Updated Published

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Things are still looking up at JA Solar Holdings Co., Ltd., (NASDAQ:JASO).  The maker of high-performance solar cells raised its guidance for its third quarter which ended September 30, 2010.  The company called the raised guidance being due to strong customer orders and better than expected production and shipments.

JA Solar now sees shipments having exceeded 410 Megawatts versus guidance of 375 Megawatts that was given on August 10.  The growth is now expected to be 31.8% sequentially and 131.6% from a year ago.

Unfortunately, JA Solar did not give revenue and earnings per share targets.  We also have no cost per watt estimate in this morning’s raised guidance.

The pre-market reaction has shares trading up nearly 5% at $8.85 and the 52-week trading range is $3.57 to $10.24.

See our list of the top 25 alternative energy companies for the next few years.

JON C.OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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