JA Solar posts wider 2Q loss on charges

Most Solar Stocks are on neutral ground at the moment, but for JASO, the earnings didn't do so well.
JASO is loosing around -15% today, while other solar stocks are showing some short-term strength.

olar cell maker JA Solar Holdings on Wednesday posted a wider second-quarter loss on sharply lower revenue, stock-related expenses and buying back bonds.

JA Solar said it lost 195 million yuan ($28.5 million or 18 cents per share) for the quarter ended June 30 compared with a loss of 1 cent per share in the year-ago quarter.

Revenue fell 51 percent to 600.7 million yuan ($88 million) for the quarter compared with 1.2 billion yuan ($181 million) in the year-ago quarter.

Labels: Earnings, JA Solar Holdings Co., JASO, Solar Stocks

posted by Ertai at 10:15 AM