JASO: JA Solar Stock Soars on Guidance Hike

It reiterated its forecast for full-year shipments

   

JASO: JA Solar Stock Soars on Guidance Hike

Shares of JA Solar Holdings (JASO) surged more than 7% in Monday mid-day trading on a better-than-expected outlook for quarterly shipments.

solar panels 630 300x225 JASO: JA Solar Stock Soars on Guidance Hike
Source: Flickr

JASO shares climbed after Chinese solar panel maker said that shipments during the first quarter would have a capacity above 620 megawatts. That was significantly better than the quarterly shipment capacity of 580 megawatts that JASO had estimated last month, Bloomberg noted.

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For the full year, JASO is still anticipating shipments with a capacity between 2.7 gigawatts and 2.9 gigawatts.

The good news also boosted other solar stocks. First Solar (FLSR) climbed more than 1%, while Solar City (SCTY) shares gained almost 3%.

JASO stock closed a $9.32 on Friday. Over the past 12 months, JASO stock has risen more than 130%.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/jaso-ja-solar-stock-soars-guidance-hike/.

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