North Coast Solar Stocks

December 14, 2009

JA Solar Expects Q4 2009 Shipments to Exceed Prior Guidance; Issues Full Year 2010 Guidance

Filed under: JASO — Tags: , , , , — Jason @ 4:05 pm

4:05 pm EST, Monday December 14, 2009

SHANGHAI, Dec. 14 /PRNewswire-FirstCall/ — JA Solar Holdings Co., Ltd. (JASO), a manufacturer of high-performance solar products, announced today that based on current customer orders and product deliveries, it expects fourth quarter 2009 shipments to exceed the high-end of its prior guidance given on Nov 10, 2009. The company is raising its guidance for the full year of 2009, and issuing shipment guidance for the full year 2010.

Based on strong customer demand for JA Solar’s products, the company currently expects shipments for the fourth quarter of 2009 to exceed 210MW, compared with prior guidance in the range 170MW to 200MW. For the full year 2009, the company expects shipments to exceed 488MW, compared with prior guidance in the range of 448MW to 478MW.

“Demand has continued to be strong from our existing customers as well as new customers,” said Baofang Jin, chairman and CEO of JA Solar. “While we anticipate Q4 2009 to be even stronger than Q3 2009 in terms of shipments, we also expect strong shipments for the full year 2010 based on robust orders from existing customers and new customer wins.”

For the full year 2010, the company currently expects shipments to be in the range of 750MW to 800MW. “We continue to make progress in our global customer development, and are seeing strong demand for our high quality solar products from all major markets, including Germany, China, U.S., Italy, South Korea, Spain and France. We also expect strong growth from our newer markets, such as the Czech Republic and Japan,” said Baofang Jin.

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