JASO: JA Solar Stock Lights Up on Earnings Beat

by Christopher Freeburn | May 8, 2014 10:23 am

On Thursday, Chinese solar panel maker JA Solar Holdings (JASO[1]) announced a higher-than-anticipated first-quarter profit[2]. The news sent JASO shares up more than 1% in morning trading.

Solar panels[3]
Source: Flickr[4]

JASO shares gained after the company said it earned $13.3 million during the quarter. In the prior-year period, JASO posted a loss. EPS came in at 23 cents, topping the 6 cents that analysts had forecast, the Wall Street Journal noted.

JA Solar said that its quarterly shipments had a capacity of 638.1 megawatts. Last month, JASO said that first-quarter shipments would exceed 620 megawatts in capacity[5].

Quarterly revenue of $366 million was up 36% over the year-ago period, and handily beat the $331 million that analysts had estimated.

More Solar Stock News:

  1. JASO: http://studio-5.financialcontent.com/investplace/quote?Symbol=JASO
  2. higher-than-anticipated first-quarter profit: http://online.wsj.com/news/articles/SB10001424052702303701304579549530842952184?mg=reno64-wsj
  3. [Image]: https://investorplace.com/wp-content/uploads/2011/12/SolarPanel.jpg
  4. Flickr: http://www.flickr.com/photos/pixor/3605306968/
  5. exceed 620 megawatts in capacity: https://investorplace.com/2014/04/jaso-ja-solar-stock-soars-guidance-hike/#.U2uSu15hOf0
  6. SPWR, GOOG: SunPower Stock Shines on Google Solar Deal: https://investorplace.com/2014/04/spwr-goog-sunpower-stock-solar-deal/
  7. SolarCity: Legal Troubles Now Loom Over SCTY Stock: https://investorplace.com/2014/04/solarcity-scty-stock-charts/
  8. 5 Solar Stocks Shining Bright in 2014: https://investorplace.com/2014/03/solar-stocks-sol-scty-sune/6/

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