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JA Solar Holdings Swings to Profit in Q4 and Hits 52-Week High

By  +Follow March 17, 2014 7:32AM
Tickers Mentioned:

JA Solar Holdings (JASO) , a small-cap Chinese company that manufactures solar panels, released a highly-anticipated Q4 2013 earnings report on Monday and didn’t disappoint, swinging to profit and reaching a new 52-week high in early trading.

JA Solar Holdings reported profits, notable for a company that hasn’t been in the black since 2010. The improvements over Q3 of 2013 were dramatic.

JA Solar reported profits of $0.16 per share, up from a $0.37 a share loss just a quarter earlier. Net revenue climbed to $357.3 million from $290.5 million in Q3. The company shipped 665.5 megawatts of capacity in the quarter, well above Q3’s 500.2 MW and the high end of previously issued guidance which was 550 MW.

"The growth from China and Japan is definitely sustainable as more than 80 percent of their revenue has come from the Asia Pacific region," S&P Capital analyst Angelo Zino said.

Shares gapped up $1.40 apiece to $12.82 with the opening bell, and kept gaining until they peaked out at $13.14 a share, the highest level they’ve reached in two years. This comes after speculation about this earnings report drove shares higher on Friday. The stock retreated from its peak, but was still trading up more than 5 percent at about $12 a share by early afternoon.

Volume was also extremely heavy on Monday, with more than 15 million shares moved by 1 pm compared to an average daily volume of just over 2.5 million shares.

"We continued to perform well in all of our key regions in the fourth quarter, notably China, which is proving to be one of the cornerstone markets of global solar demand," said CEO Baofang Jin in a statement.

JA Solar Holdings has taken full advantage of the salad days for solar that date back to the bottom of the market in late 2012. Despite the brewing trade war between the United States and China, solar has shown tremendous growth over the last 18 months. Since the start of 2013, shares in JA Solar Holdings have nearly triple in value.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for JASO
Tom Thompson
26 Dec 14 15:35:05
JA Solar Holdings: Promising Future Outlook $JASO. See you in the New Year! http://t.co/CBZnCZByqf
Tenacious Valor
26 Dec 14 14:18:21
Report: Chinese solar firms plan to build overseas plants to avoid tariffs $TSL $YGE $SOL $JKS $HSOL $JASO http://t.co/T05jlMDzGU
26 Dec 14 12:20:03
Weekly Scorecard | Momentum Trading with RaginCajun http://t.co/CLlR8dt3HF $GPRO $MOMO $KNDI $AMBA $COUP $SSYS $TSL $JASO
26 Dec 14 10:43:06
$JASO: JA Solar Holdings Co., Ltd. Receives Consensus Recommendation ... http://t.co/Pw6n7LDI77 http://t.co/aEm2O4Xbn1
Lee Renrut
26 Dec 14 07:19:03
looking sunny $jaso
Lee Renrut
26 Dec 14 07:14:12
there she is $JASO
Lee Renrut
26 Dec 14 06:45:31
$jaso small lift
26 Dec 14 04:48:03
$TSL $JASO: Solar Stocks in Bullish Zone: Trina Solar Limited (NYSE:TSL), JA ... http://t.co/sEisCvjVal http://t.co/cNYJtAslkP
26 Dec 14 01:17:02
$ECIG short squeeze due on FTD. 5x gain potential $CACI $JASO $CLGX http://t.co/FpfORFAs20 http://t.co/BtVfUk5p46 http://t.co/HzSBxg8h2O
China Stock Research
25 Dec 14 12:58:01
China Solar: Polysilicon Prices To Sharply Correct Lower, Says Axiom http://t.co/XHo2JJGypy $TSL $YGE $DQ $JKS $JASO
24 Dec 14 15:46:20
#JA Solar : PROJECT-JA Solar Delivers 100 MW Solar PV Modules To Pakistan�s ... http://t.co/U6TS4TfOv6 $JASO
Lee Renrut
24 Dec 14 08:43:42
$jaso my little solar at 8
24 Dec 14 07:53:05
$JASO up 1.1% to 7.98 bullish setup alert #stocks #options #markets http://t.co/26i8l0NfjN
Greg Candelaria
23 Dec 14 09:41:08
@cvpayne CVP: watching you on the plane about to leave for ORD, do I now think of taking large loss on $JASO?
23 Dec 14 08:43:39
#microcap traders must read for 500% or more trading opportunity on ECIG $PCL $JASO $OCR http://t.co/xi3978GuDs http://t.co/6LLPqPrIvS
23 Dec 14 06:58:05
$JASO $RWLK $ORCL: Why Trader's Are Watching: JA Solar Holdings Co., Ltd. (NASDAQ ... http://t.co/jvaW8GFBJu http://t.co/bonhIcnNHT
22 Dec 14 11:15:30
#JA Solar : supplies 100 MW PV modules for Pakistans first large-scale PV plant http://t.co/wGF3J4wo6X $JASO
22 Dec 14 09:33:03
$YGE $JASO: Solar Stocks Lose Confidence on Duty Decisions: Yingli Green ... http://t.co/L5rHJH9Td5 http://t.co/rAJvcaBkQ9
Charles Wang
22 Dec 14 06:30:42
RT @WindStreamTech: $WSTI Breaking ground at our new 50,000 sq ft manufacturing facility http://t.co/bIJRczT6zU $SPWR $SCTY $ASTI $FSLR $SO…
US Banking News
22 Dec 14 06:21:11
Analysts Give Average Rating of Buy to JA Solar Holdings Co., Ltd. (ADR) $JASO http://t.co/zMxLYYsF04
22 Dec 14 04:53:07
$JASO $C: Market Watch: JA Solar Holdings Co., (NASDAQ:JASO), Extreme ... http://t.co/n7PXKr0agw http://t.co/1vMeK1XYVo
21 Dec 14 19:13:02
$WSTI Breaking ground at our new 50,000 sq ft manufacturing facility http://t.co/bIJRczT6zU $SPWR $SCTY $ASTI $FSLR $SOL $CSIQ $TSL $JASO
21 Dec 14 18:56:06
$TSL $jks $csiq $jaso maybe a great day tmr
20 Dec 14 04:48:05
$JASO: Steady Stocks - JA Solar (JASO), Ocata Therapeutics (OCAT ... http://t.co/NLeX0uJw44 http://t.co/czPc33PZDL
19 Dec 14 08:46:28
$GILD $JASO $MEMP $P $PGN $PVA $RUSS $SFY $TRXC autocharts @ http://t.co/rTnYb8yj59
19 Dec 14 07:46:20
How has falling oil prices and recent tariffs affect Chinese solar stocks? $JASO $TSL $SOL $SUNE $YGE http://t.co/fzARHqwFOQ
Christopher Angus
19 Dec 14 06:00:03
Premarket most advanced stocks: $PETX, $CERS, $MOLG, $OREX, $ISIS, $HALO, $REXX, $LINE, $CELG, $JASO
By  +Follow March 17, 2014 7:32AM



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