JA Solar Holdings Co., Ltd.
) has begun shipments of 2 MW of solar modules to Jet Energy
International for its solar power plant located in Kenitra,
Morocco. The plant will be equipped with 7,150 pieces of JA
Jet Energy International, a Morocco-based affiliate of JetAlu
Morocco, is the engineering, procurement, and construction
("EPC") service provider of the project. The 2 MW project is
expected to be the largest ground mount photovoltaic power plant
in North Africa. With an electric generation capacity of 3.5
million kWh per year, the power plant will on average offset more
than 2,100 metric tons of carbon dioxide emissions on an annual
basis. The project is scheduled to be completed in the first
quarter of 2013.
This project will help the company in expanding its footprint in
North Africa. The company seems to be expanding into the emerging
markets as well. Recently, JA Solar began shipments of 35 MW of
solar PV modules to
) for five solar projects in Israel. The company will supply
122,936 high-efficiency polycrystalline PV modules, each having
an average output of 290 Wp.
In a climate of environmental awareness, the solar market is
seeing traction worldwide. Just as a customer seeks top-quality
products and reliable customer service, solar module makers like
JA Solar are focused on providing high-quality offerings with
great customer service. This creates a perfect demand-supply
equation between the two parties.
Recently, the entire range of JA Solar's modules received
Underwriters Laboratories ("UL") 1703 certification and ETL
certification in the United States and Canada.
Post-certification, the company's modules are permitted to be
used on 1,000 Vdc systems. Also, a few days back, the company's
PV modules series have successfully cleared salt mist corrosion
and sulfur dioxide corrosion tests. These tests confirm that JA
Solar's products offer exceptional reliability even in severe
JA Solar is expected to release is fourth quarter and full year
2012 results on Mar 25, 2013. The Zacks Consensus Estimates for
fourth quarter and full year 2012 are currently at ($1.30) per
share and ($5.55) per share, respectively.
JA Solar is one of the most cost-efficient solar producers with a
geographically-diversified customer base. The company caters to a
geographically diversified pan-continental customer base,
spanning across Germany, Italy, the U.S., Spain, India, Korea,
China and Japan.
Of late, JA Solar has been able to manufacture high quality, high
efficiency products at lower costs in comparison to most of its
peers on the back of technological innovations. Moreover, with a
steadfast focus on research and development, JA Solar is
consistently improving on the efficiency of solar cell
However, we remain concerned due to the tepid module demand in
Europe, rising competition, wafer dependency, the financial
stability of its customers and the oversupply of solar cells in
the market. The company presently retains a short-term Zacks Rank
Other stocks that can be taken into consideration are
Canadian Solar Inc.
), both with a Zacks Rank #2 (Buy).
CANADIAN SOLAR (CSIQ): Free Stock Analysis
JA SOLAR HOLDGS (JASO): Free Stock Analysis
SIEMENS AG-ADR (SI): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
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