I just put a bet on Jinko, they have started business in India and will benefit. India sleeper demand has activated, excellent news for China solar companies.
On Jan 02, 2015, Zacks Investment Research upgraded JA Solar Holdings Co., Ltd. (JASO) to a Zacks Rank #1 (Strong Buy) from a Zacks Rank #2 (Buy).
Why the Upgrade?
The Zacks Consensus Estimate for first-quarter and full-year 2015 saw an upside as estimates moved north in the last 60 days. It surged 58.3% to 19 cents for the first-quarter of 2015 and 13.5% to $1.18 for 2015.
JA Solar reported strong third-quarter 2014 performance. Moreover, it reported positive earnings surprises in three of the last four quarters with an average earnings beat of 237.25%. The expected earnings growth is 22%.
In the third quarter, the company reversed its year-ago loss as its shift in focus to solar modules from solar cells paid off. Its total shipments grew by 57% from the year-ago period due to a 127.4% surge in module shipments.
The company continues to reap the benefits of its change in focus. Module shipments constituted 88% of the total shipments in third-quarter 2014. The company is witnessing robust demand for its modules in the fourth quarter as well. In Dec 2014, the company shipped solar modules of 100 megawatts capacity to a solar farm in Pakistan.
Apart from providing enhanced services to its customers, JA Solar is committed to enhance shareholder value. During its third-quarter earnings call, the company announced that its board of directors had approved a share repurchase program that authorized the repurchase of up to $90 million worth of its issued and outstanding ADS prior to Nov 17, 2015.
Also, the U.S. and China have issued a joint statement to curb pollution levels. China has pledged to increase energy consumption from renewable sources to 20% by 2030 and aims to add 100 GW by 2020 to support the photovoltaic power generation. This will cause a major boom in the global solar energy market and benefit JA Solar and other solar companies like Yingli Green Energy Holding Company Limited (YGE), JinkoSolar Holding Co., Ltd. (JKS) and ReneSola Ltd (SOL).
JA Solar anticipates robust demand in 2015 and plans to expand its cell and module capacity by 20%. This will ensure that the company posts impressive earnings in 2015 as well.
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On Saturday morning, in a preliminary review of Chinese solar panel imports from May 2012 to November 2013, the Department of Commerce found that China was dumping product -- but just a little bit.
Commerce's findings slow some of the momentum in this polarizing trade case; the current 31 percent tariff on most Chinese PV panel manufacturers will potentially be cut in half to about 15 percent.
Sentiment: Strong Buy
zacks is one of the worst to listen to (worse than motley fool/etc which are all in worst category). their rating system is a big joke too, csiq was rated #1 up until mid november and then all of a sudden it went to their #3! fundamentals in csiq had not changed at all in that period. they had trn at #1 in october, now its at their #2 while the stock has tanked over 50% since then. you'll lose money following them. i always skip zacks articles.
when I first bought JKS i was long i thought it was heading to 60. i missed selling it the first time at 37 and it dropped to 23 if i remember, i knew it will recover but wanted to sell at the next peak which was my limit order at 34.which was in September. the market in general drop around october until the end of December. i never shorted this stock but this stock is controlled by the shorts. it goes up 5 dollars it drops 10. if you look at the parabolic graph of 2 and 5 years its clearly correcting that big jump. it could be cycling back down also the market cap is down by 400k. i was about to buy back at 21 but i changed my mind
JinkoPower is valued at $500mm, which leaves the core business valued at $30mm according to the current market cap. This shows how drastically undervalued this company is. The core business alone is worth well over $500mm, which puts the stock north of $40
You are more than correct but that doesnt stop some 23 yr old coked up day traderfrom shorting shares while watching a chart of oil, which we know has no affect on the true growth story here. It also doesnt make the so called smart m8ney buy jks at these levels. They are too busy doing smart things like buying twitter and gopro.
Yep, if the company wasn't in China, it would be a $75 stock.
The valuation is beyond silly.
Sentiment: Strong Buy
certainly not to buy @ current prices only to sell @ lower prices, I reckin they gonna make a Bunch of moola as the prices start to rise
Eventually you will be correct. This is primarily a staging operation at the moment and putting the pieces in place for when the true bottom of oil prices hits. We're not there yet. These are the smartest groups in the room getting ready for the bottom...These assets are a fixed commodity and so the guy with the quickest deal gets them locked up first, that's what I think is happening for now.