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Here's Why You Should Invest in JA Solar (JASO) Stock Now
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JA Solar Holdings, Co., Ltd. is shifting its focus to solar modules from cells. Moreover, the company continues to lay emphasis on research and development, besides widening its geographical customer base. These, in turn, are anticipated to boost its growth prospects. Additionally, this solar development company’s technological innovations and proactive expansion into new untapped markets are expected to bring in new channels of revenues.
Coming to its earnings performance, JA Solar delivered positive earnings surprise in three out of the last four quarters, with an average beat of 574.07%. In the last 30 days, the Zacks Consensus Estimate for 2017 earnings per share moved north 6.6% on the back of 15.2% growth in total revenues.
Further, the company’s third quarter module shipments improved 30.6% year over year, representing 96.4% of the total shipment in the same period. This in turn reflects JA Solar’s progress in shifting its focus toward solar modules.
In fact, this shift indicates that the company’s resilient business model, attractive product mix and ability to adapt to changing market scenarios will lead to solid revenue growth, going forward.
Furthermore, Trump walked out from the Paris climate agreement in June 2017. With the United States pulling out at present, China and other Asian countries like India are expected to get increased opportunities in the clean energy space, particularly in the solar industry. This, in turn, indicates that companies like JA Solar might get a boost in the growing and competitive green economy. Hence, we may expect JA Solar to witness substantial growth in the long run. .
These developments had a positive impact on JA Solar’s price performance. So far this year, the company’s shares have surged 54.6% compared with the broader industry’s rally of 52.1%. In addition, JA Solar’s performance is in line with other majors in the same space like First Solar Inc. (FSLR - Free Report) , which also outperformed the broader industry.
Zacks Rank & Key Picks
JA Solar holds a Zacks Rank #2 (Buy). Some other top-ranked stocks in the space include SolarEdge Technologies, Inc. (SEDG - Free Report) and SunPower Corporation (SPWR - Free Report) . While SolarEdge Technologies sports a Zacks Rank #1 (Strong Buy), SunPower carries the same bullish rank as JA Solar. You can see the complete list of today’s Zacks #1 Rank stocks here.
SolarEdge Technologies delivered a positive earnings surprise of 20% in the third quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 12.2% to $2.11 per share in the last 30 days.
SunPower pulled off a positive earnings surprise of 158.33% in the third quarter. Its Zacks Consensus Estimate for fourth-quarter 2017 climbed nearly 45.5% to 16 cents per share in the last 30 days.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Here's Why You Should Invest in JA Solar (JASO) Stock Now
JA Solar Holdings, Co., Ltd. is shifting its focus to solar modules from cells. Moreover, the company continues to lay emphasis on research and development, besides widening its geographical customer base. These, in turn, are anticipated to boost its growth prospects. Additionally, this solar development company’s technological innovations and proactive expansion into new untapped markets are expected to bring in new channels of revenues.
Coming to its earnings performance, JA Solar delivered positive earnings surprise in three out of the last four quarters, with an average beat of 574.07%. In the last 30 days, the Zacks Consensus Estimate for 2017 earnings per share moved north 6.6% on the back of 15.2% growth in total revenues.
Further, the company’s third quarter module shipments improved 30.6% year over year, representing 96.4% of the total shipment in the same period. This in turn reflects JA Solar’s progress in shifting its focus toward solar modules.
In fact, this shift indicates that the company’s resilient business model, attractive product mix and ability to adapt to changing market scenarios will lead to solid revenue growth, going forward.
Furthermore, Trump walked out from the Paris climate agreement in June 2017. With the United States pulling out at present, China and other Asian countries like India are expected to get increased opportunities in the clean energy space, particularly in the solar industry. This, in turn, indicates that companies like JA Solar might get a boost in the growing and competitive green economy. Hence, we may expect JA Solar to witness substantial growth in the long run. .
These developments had a positive impact on JA Solar’s price performance. So far this year, the company’s shares have surged 54.6% compared with the broader industry’s rally of 52.1%. In addition, JA Solar’s performance is in line with other majors in the same space like First Solar Inc. (FSLR - Free Report) , which also outperformed the broader industry.
Zacks Rank & Key Picks
JA Solar holds a Zacks Rank #2 (Buy). Some other top-ranked stocks in the space include SolarEdge Technologies, Inc. (SEDG - Free Report) and SunPower Corporation (SPWR - Free Report) . While SolarEdge Technologies sports a Zacks Rank #1 (Strong Buy), SunPower carries the same bullish rank as JA Solar. You can see the complete list of today’s Zacks #1 Rank stocks here.
SolarEdge Technologies delivered a positive earnings surprise of 20% in the third quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 12.2% to $2.11 per share in the last 30 days.
SunPower pulled off a positive earnings surprise of 158.33% in the third quarter. Its Zacks Consensus Estimate for fourth-quarter 2017 climbed nearly 45.5% to 16 cents per share in the last 30 days.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>