JA Solar Holdings (Nasdaq:JASO) added several more supply agreements, implying their recent strong third-quarter results have some sustainability to them.
Dr. Peng Fang, CEO of JA Solar, said, “Business momentum continues to be strong, with robust demand from existing and new customers across multiple geographies. Visibility of customer demand remains high and major client indications give us increased confidence in the prospect for 2011.”
Revenue for the quarter came in at $541 million, generating earnings of 47 cents a share.
Guidance for shipments was increased 1.35 gigawatts to 1.45 gigawatts.
Supply deals with multiple customers will go beyond 1.2 gigawatts in 2011, and prepayments have already come in for the agreements.
Showing posts with label Peng Fang. Show all posts
Showing posts with label Peng Fang. Show all posts
Wednesday, November 10, 2010
Wednesday, September 8, 2010
JA Solar (Nasdaq:JASO) Soars on New Agreements
JA Solar Holdings Co. (Nasdaq:JASO) announced today it had signed a number of new agreements to supply over 500 megawatts of solar cells to their customers. Delivery is scheduled for 2011.
CEO Peng Fang said in a statement, “We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry.”
Fang added there is there is "very strong demand" for the China-based company's products.
Option traders jumped on the news, with bulls preferring the September $7.50 strike and the October $7.00 strike. But almost every major strike in September, October and November had buyers, although in smaller lots.
JA Solar was up to $7.14, gaining $0.66, or 10.19 percent, as of 12:51 PM EDT.
CEO Peng Fang said in a statement, “We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry.”
Fang added there is there is "very strong demand" for the China-based company's products.
Option traders jumped on the news, with bulls preferring the September $7.50 strike and the October $7.00 strike. But almost every major strike in September, October and November had buyers, although in smaller lots.
JA Solar was up to $7.14, gaining $0.66, or 10.19 percent, as of 12:51 PM EDT.
Subscribe to:
Posts (Atom)