We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JA Solar (JASO) Q3 Results Impressive, Competition Rife
Read MoreHide Full Article
On Nov 22, we issued an updated research report on Chinese solar development company – JA Solar Holdings Co., Ltd. . The company caters to a geographically diversified pan-continental customer base, covering Germany, Italy, the U.S., Spain, India, Korea, China and Japan. Meanwhile, JA Solar faces cut-throat competition from domestic players.
Recently, JA Solar declared third-quarter 2016 adjusted earnings of 15 cents per share, beating the Zacks Consensus Estimate of 3 cents by a wide margin. Quarterly earnings, however, fell 77% year over year. Total revenue came in at $624.3 million, beating the Zacks Consensus Estimate of $586 million by 6.5%.
The company’s focus on expanding its geographical customer base has boosted international sales. During the third quarter, JA Solar witnessed strong demand in South America, which constituted 20.2% of the quarter’s total shipment. Shipments to North America rose to 13% of the total, from 1% in the year-ago quarter. Meanwhile, the company expects to ship 1.2–1.3 gigawatts (“GW”) of cells and modules in the fourth quarter of 2016, with essentially all being external shipments.
The company’s shift in focus to solar modules from cells is paying off. Module shipments in the third quarter were 1,200 MW, up 11.8% year over year. The figure represented 96.7% of the total shipment in the quarter.
On the flip side, the U.S. government’s recent efforts to promote its own solar industry have led the country to take strict action against the import of cost-competitive Chinese-manufactured solar modules. The anti-dumping policies imposed by the U.S. could dent JA Solar’s profits considerably. Moreover, despite the strong demand in Japan, the depreciation in the Japanese yen against RMB has affected JA Solar’s business to quite an extent.
Zacks Rank & Key Picks
JA Solar carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Sunrun Inc. (RUN - Free Report) , Vivint Solar, Inc. and First Solar, Inc. (FSLR - Free Report) .
Sunrun has seen four upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 134.71% in the trailing four quarters. Sunrun currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vivint Solar has seen three upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 8.98% in the trailing four quarters. Vivint Solar holds a Zacks Rank #2 (Buy).
First Solar has seen six upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 77.31% in the trailing four quarters. First Solar currently sports a Zacks Rank #3 (Hold).
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JA Solar (JASO) Q3 Results Impressive, Competition Rife
On Nov 22, we issued an updated research report on Chinese solar development company – JA Solar Holdings Co., Ltd. . The company caters to a geographically diversified pan-continental customer base, covering Germany, Italy, the U.S., Spain, India, Korea, China and Japan. Meanwhile, JA Solar faces cut-throat competition from domestic players.
Recently, JA Solar declared third-quarter 2016 adjusted earnings of 15 cents per share, beating the Zacks Consensus Estimate of 3 cents by a wide margin. Quarterly earnings, however, fell 77% year over year. Total revenue came in at $624.3 million, beating the Zacks Consensus Estimate of $586 million by 6.5%.
The company’s focus on expanding its geographical customer base has boosted international sales. During the third quarter, JA Solar witnessed strong demand in South America, which constituted 20.2% of the quarter’s total shipment. Shipments to North America rose to 13% of the total, from 1% in the year-ago quarter. Meanwhile, the company expects to ship 1.2–1.3 gigawatts (“GW”) of cells and modules in the fourth quarter of 2016, with essentially all being external shipments.
JA SOLAR HOLDGS Price
JA SOLAR HOLDGS Price | JA SOLAR HOLDGS Quote
The company’s shift in focus to solar modules from cells is paying off. Module shipments in the third quarter were 1,200 MW, up 11.8% year over year. The figure represented 96.7% of the total shipment in the quarter.
On the flip side, the U.S. government’s recent efforts to promote its own solar industry have led the country to take strict action against the import of cost-competitive Chinese-manufactured solar modules. The anti-dumping policies imposed by the U.S. could dent JA Solar’s profits considerably. Moreover, despite the strong demand in Japan, the depreciation in the Japanese yen against RMB has affected JA Solar’s business to quite an extent.
Zacks Rank & Key Picks
JA Solar carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Sunrun Inc. (RUN - Free Report) , Vivint Solar, Inc. and First Solar, Inc. (FSLR - Free Report) .
Sunrun has seen four upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 134.71% in the trailing four quarters. Sunrun currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vivint Solar has seen three upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 8.98% in the trailing four quarters. Vivint Solar holds a Zacks Rank #2 (Buy).
First Solar has seen six upward estimate revisions for 2016 over the last 60 days. On an average, the company posted a positive earnings surprise of 77.31% in the trailing four quarters. First Solar currently sports a Zacks Rank #3 (Hold).
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>