JA Solar Holdings Co. Ltd. (JASO) reported first quarter 2009 results this morning, and the news was not so hot. The company posted a diluted EPS loss of -$0.18 on revenue of $33.9 million. In the year-ago quarter, JA Solar posted revenue of $164.2 million and a diluted EPS of $0.99. Estimates averaged an EPS loss of -$0.05 on revenue of $107.89. JA Solar’s results just stink.
Just a week ago GT Solar International Inc. (SOLR) reported missing estimated EPS and revenue, following lousy reports from SunPower Corporation (SPWRA) and others solar players. For the past 12 months, JA Solar shares have fallen more than 80%....MORE
Tuesday, May 19, 2009
JA Solar, Another Big Solar Miss (JASO, SOLR, SPWRA)
From 24/7 Wall Street: