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NYSE Euronext, Inc. Message Board

  • wrextre wrextre Dec 14, 2007 7:43 AM Flag

    JA Solar (NASDAQ:JASO) Piper Jaffray ups tgt to $100!

    Piper Jaffray is out with a major call on JA Solar (NASDAQ:JASO) upping their tgt to $100 from $70 saying meetings with JASO and Shunda give them increased confidence in JASO's nearand long-term prospects; they raise 2008 and 2009 estimates.

    Firm adds JASO to the Piper Jaffray Alpha List based on potential upside to Q407 consensus estimates of $0.36/$117M, on greater-than-expected production, and on higher ASPs (FX), inventory sales and flat wafer costs.

    Other near-term catalysts include potential for new wafer contract(s), new sales contracts with an expanded customer base, and a lower-than-expected tax rate during 2008.