JA Solar Surges as Shipments Exceed Forecast on Demand in Japan (Bloomberg)
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), the largest solar-cell producer by capacity, surged the most in five months as first-quarter shipments exceeded the company’s forecast on strong demand in Japan. JA Solar’s American depositary receipts rose 19 percent to $6.66 at 9:31 a.m. in New York. Earlier they gained 21 percent, the most intraday since Dec. 12. Each ADR is worth five ordinary shares. They have gained 56 percent this year. Deliveries of solar cells and modules in the quarter reached 442.7 megawatts, surpassed the company’s March forecast of 410 megawatts to 430 megawatts, Shanghai-based JA Solar said today in a statement.
DuPont Microcircuit Materials (DuPont) and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), recently collaborated to achieve a reported 19.4 percent solar cell efficiency. The new JA Solar Cypress solar module is made with the most advanced DuPont™ Solamet® photovoltaic metallization paste materials. Advances in Solamet® metallizations have doubled the efficiency of solar cells over the last 12 years, and are expected to continue to help the industry in its efforts to reach a new goal of 22 percent efficiency in 2015.
JA Solar Loss Narrows as Revenue Increases (Wall Street Journal)
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) first-quarter loss narrowed as revenue increased for the first time after several quarters of declines. The Chinese solar-products maker had seen falling revenue for six straight quarters as weakened demand and a glut of global supply had sent wafer and module prices tumbling. But the company broke the streak in the first quarter, as it also reported higher shipments Monday. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) reported a loss of 204.3 million yuan ($32.9 million), compared with a year-earlier loss of 250.9 million yuan. Revenue rose 4.7% to $1.68 billion. Shipments rose 21% to 442.7 megawatts, topping the company’s recent projection of shipments between 410 megawatts and 430 megawatts.
JA Solar repays bonds (pv magazine)
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) made the announcement that it has repaid at maturity $119 million, in principal and accrued interest, of its 4.5% convertible bond that was due. JA Solar has been one of the Chinese companies in the spotlight of late with bonds maturing. There has been investor concern as well over the numerous Chinese solar companies and their ability to meet these payments.
JPMorgan Chase & Co. (JPM), JA Solar Holdings Co., Ltd. (ADR) (JASO): The Real Reason the Dow (.DJI)’s Steady This Morning (Insider Monkey)
Finally, Chinese solar company JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has spiked 47% after announcing better-than-expected solar-cell shipments in its first-quarter report. Although many of its Chinese peers have come under pressure from extensive debt, JA Solar Holdings Co., Ltd. pointed to strength in sales to Japan in helping the company beat its initial forecast for deliveries during the quarter. Nevertheless, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) still faces a tough road ahead in dealing with big net losses and weak margins, and increased volume will only go so far in remedying the company’s woes without overall improvement in industry pricing conditions.
