Shares of JA Solar Holdings (JASO) surged more than 7% in Monday mid-day trading on a better-than-expected outlook for quarterly shipments.
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.
For the full year, JASO is still anticipating shipments with a capacity between 2.7 gigawatts and 2.9 gigawatts.
JASO stock closed a $9.32 on Friday. Over the past 12 months, JASO stock has risen more than 130%.
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