Solar Earnings and Updates

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) surged up by 6.50% at $4.39 on huge volume of 7.60 million shares after JASO announced quarterly revenue of $193.3 million, beating the analysts estimates of $136.2 million. For the fourth quarter, JA Solar expects shipments of 170 MW to 200 MW and for the current financial year, the company expects to announce shipments of around 448 – 478 MW. JASO gained over 18% in the last five trading sessions.

Evergreen Solar, Inc. (NASDAQ: ESLR) plummeted 2.06% or $0.03 to $1.42 on 299K shares. So far this year, Evergreen Solar declined by around 55%.

Akeena Solar, Inc. (NASDAQ: AKNS) decreased $0.010 or 1.02% to $0.950. In the last six months, AKNS plunged by 33%. The 52 week trading range for the stockis $0.58 - $3.07.

GT Solar International, Inc. (NASDAQ: SOLR) tumbled 10% to $4.99 on 550K shares after GT Solar was downgraded by Piper Jaffray to Underweight from Neutral.

First Solar, Inc. (NASDAQ: FSLR) gained 2.14% at $122.02 on 695K share. The 52 week trading range for the stock is $85.28 - $207.51. So far, FSLR is down 11% in the current year.

Labels: solar analysis, Solar News, Solar Stocks

posted by Ertai at 1:22 PM