JA Solar Raises Shipment Guidance

With the positive news from JASO, not only is the best solar stock performance in these last weeks, but managed to uplift the whole sector with gains above 5% in many of the leading solar stocks.



JA Solar Holdings Co., Ltd. (Nasdaq: JASO), a leading manufacturer of high-performance solar products, today announced revised guidance for its first quarter ended March 31, 2010. Based on current customer orders and product deliveries, JA Solar now projects first quarter shipments to exceed 265MW, above the high-end of its previous guidance of 215MW to 225MW given on Feb. 11, 2010.
"During the first quarter, we saw robust demand from existing and new customers," said Dr. Peng Fang, CEO of JA Solar. "By streamlining the company's existing solar cell manufacturing facility, JA Solar is able to achieve higher than expected production to meet strong customer orders. We also won several new European customers during the quarter, which further diversified our customer base and provides better visibility for the full year."
...
The company expects to report its first quarter results in mid-May, and plans to provide guidance for the second quarter of 2010 and updated full-year 2010 guidance at that time.
Source: PR Newswire

Labels: JA Solar Holdings Co., JASO, solar charts, Solar power, Solar Stocks, Solar Technology

posted by Ertai at 3:35 PM