NEW YORK (TheStreet) -- Shares of JA Solar were gaining 4.7% to $9.43 Thursday after the solar power company beat analysts' estimates for revenue in the fourth quarter. JA Solar announced that revenue grew 65.3% year over year to $576.4 million (3.6 billion yuan) for the fourth quarter, above analysts' estimates of $539 million for the quarter. The company reported earnings of 28 cents (1.74 yuan) a share for the quarter, below analysts' estimates of 32 cents a share. The company said that total shipments for the fourth quarter were 952.7 MW worth of solar cells and modules, up 43.2% from the year-ago quarter, and above its guidance of 850 MW to 900 MW for the quarter. JA Solar expects to ship 680 MW to 750 MW in the first quarter, and 3.6 GW to 4 GW in full year 2015. TheStreet Ratings team rates JA SOLAR HOLDINGS CO LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate JA SOLAR HOLDINGS CO LTD (JASO) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: JASO Ratings Report JASO data by YCharts
Click to view a price quote on JASO. Click to research the Electronics industry.
from Latest TSC Headlines http://ift.tt/1F32oei
No comments:
Post a Comment