JA Solar Holdings Co., Ltd. (JASO), manufacturer of high-performance solar power products, today gained 12.5% on 9,904,092 shares in trading volume vs 7,339,210 10day average. First uptrend signal after months of downtrend, isn’t it?
To make long story short: read respectful opinions on JA Solar Holdings (excerpt & links are below), browse JASO‘s yahoo finance page, take a look at JA Solar’s annotated chart (by your truly PSH) and decide for yourself why we are bullish on company with only $370M market capitalization vs $624.4M cash in hands, 12.1% year over year revenues increase, etc.
Review by The Street’s analyst, Karvy Global:
[…] Mid-August, JASO signed a supply agreement with Huanghe Hydropower Development, a subsidiary of China Power Investment, one of the largest power generation companies in China, to supply 21 MW of solar products by September 2011. For the third quarter, solar cell and module shipments are expected to range from 450 MW to 470 MW. Full year cell and module shipments are expected to be approximately 1.8 GW.[…]
Sean Williams, The Motley Fool’s author, wrote:
[…] JA Solar may ring a bell as one of my small caps to rule them all, and like the rest of the sector, it has seen estimates hit hard. Unlike the rest of the sector, JA isn’t focused solely on tip-top margins, but instead has worked hard to line up its orders. While other solar manufacturers are struggling to find customers, JA Solar can relax, because its backlog is full. Valued at only 30% of book value and trading at less than four times forward guidance, I think JA Solar has been given a bad rap. […]
JA Solar Holdings Co., Ltd.
No.36, Jiang Chang San Road
Tel: 86 21 6095 5999
Fax: 86 21 6095 5858
JA Solar Holdings Co., Ltd. is a world-leading manufacturer of high-performance solar power products. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation.