On Jun 26, we have issued an updated research report on solar
JA Solar Holdings Company Ltd.
). We believe JA Solar to outperform on the back of expansion of
its geographical footprint, steadfast focus on enhancing research
and development expertise and favorable renewable climate in the
The company plans to increase its presence in the downstream solar
market by working with its partners in Japan, U.K., South Africa
and Latin America. JA Solar has 200 megawatt (MW) of utility-scale
projects lined up for completion in 2014 with development process
on the first 100 MW projects advancing well.
To tackle the fresh import duties slapped by the U.S., the Chinese
government is concentrating on developing its indigenous solar
market via investing in solar power plants. The solar photovoltaic
(PV) market in China is rapidly evolving driven by encouraging
policy environment, which aims to meet the growing energy needs
from green sources.
In 2013, the country's solar PV market witnessed impressive growth.
China added an astounding 12 gigawatts (GW) of solar capacity, up
from 3 GWs in 2012.
JA Solar, a Zacks Rank #1 (Strong Buy) stock, performed remarkably
in the first quarter of 2014. Both its top and bottom lines widely
beat the Zacks Consensus Estimates. On a year-over-year basis, JA
Solar also recorded healthy growth thanks to increased sales and
Meanwhile, JA Solar's constant technological innovation efforts
will lead to cutting-edge solar product offerings. This will enable
the company to capture a sizeable market share in the fiercely
competitive solar space. JA Solar's prized PERCIUM and RECIUM types
have high-conversion efficiency relative to the conventional solar
Going ahead, we expect JA Solar to benefit from the Chinese
government's plan to boost installed solar capacity to 70 GW by
2017. In addition, worldwide PV market will likely peak in 2014
with solar installations set to witness double-digit growth as per
a media report.
China will be the biggest contributor to the growth as solar
consumption will increase by 35% in 2014 as per Energy Information
Administration report. So, better days lie ahead for JA Solar
keeping in mind the bullish solar market fundamentals.
Other solar players poised to profit from the Chinese government's
focus on renewable power generation include
Yingli Green Energy Holding Company Ltd.
JinkoSolar Holding Co., Ltd.
Trina Solar Limited
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