JA Solar Holdings Co. Ltd.
's (
JASO
) high-efficiency monocrystalline and multicrystalline Cypress
solar cells in large-volume production have achieved average
conversion efficiency of 19.1% and 17.4%, respectively. However,
these monocrystalline and multicrystalline solar cells, on an
industry basis, have a conversion efficiency of only 18.8% and 17%,
respectively.
These cypress series cells possess superior photoelectric
conversion efficiency, excellent solder ability, positive tolerance
for cell power compensation, low-current electrical performance
parameters and lower encapsulation power loss as a result of
high-voltage. These Cypress cells would help in reducing the cost
of modules on a per watt basis and ensure a high power output
without an increase in the cost of cells.
Six inch full square monocrystalline solar modules of the
company's Cypress series have the capacity to generate power output
of 280W, 6-inch standard monocrystalline modules can generate 270W
power and six inch multicrystalline solar modules now can produce a
power output of 260W. All these three kinds of series have the
capacity to generate 5W to 10W higher power in comparison to the
industry average.
JA Solar Holdings is one of the world's largest manufacturers of
high-performance solar power products. In December last year, the
company's high efficiency Maple solar cells have reached conversion
efficiency levels of 18.5% in large volume production. The average
conversion efficiency recorded for Maple cells in mass production
is 18%, which was well above than the industry standard average
conversion efficiency of approximately 16.8% for multi-crystalline
solar cells.
These achievements prove that JA Solar Holdings is one of the
world's largest manufacturers of high-performance solar power
products. The company has been making best use of its potential by
supplying solar cells and modules. JA Solar Holdings recently
entered into an agreement to supply 47 MW of high-quality,
high-efficiency crystalline solar modules to A Shade Greener
("ASG"). A Shade Greener is a PV installer and the largest
installer of free solar panels to the residential market in the
United Kingdom.
JA Solar Holdings Company is one of the most cost-efficient
solar producers with a geographically-diversified customer base and
silicon wafer supply agreements that cater to its production. The
company benefits from higher shipments, subsidy programs in China,
improving operating efficiencies and higher conversion
efficiency.
However, given the industry wide high inventory level, we
believe margins will decline moving forward. In addition, tepid
module demand in Europe, rising competition, wafer dependency, the
financial stability of its customers and the oversupply of solar
cells may adversely impact the company's performance over the near
term. The company presently retains a short-term Zacks #3 Rank
(Hold) that corresponds with our long-term Neutral recommendation
on the stock.
Based in Shanghai, China, JA Solar Holdings Co., Ltd. is a
leading manufacturer of high-performance solar power products that
convert sunlight into electricity for residential, commercial, and
utility-scale power generation. It is one of the world's largest
producers of solar cells. Its standard and high-efficiency product
offerings are among the most powerful and cost-effective in the
industry. JA Solar also produces solar modules that it distributes
under its own brand and produces on behalf of solar manufacturers
globally.
The company mainly competes with
JinkoSolar Holding Co. Ltd.
(
JKS
) and
ReneSola Ltd.
(
SOL
).
JA SOLAR HOLDGS (JASO): Free Stock Analysis
Report
JINKOSOLAR HLDG (JKS): Free Stock Analysis
Report
RENESOLA LT-ADR (SOL): Free Stock Analysis
Report
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