JA Solar Reports Third-Quarter Results; Fair Value Estimate Reduced to $5.25
JA Solar reported third-quarter earnings in line with expectations thanks to module shipment improvements. Revenue was 9% higher over the previous year, although profitability slipped with gross and operating margins declining over the quarter and year. Slowing Chinese demand will continue to be a point of emphasis in the coming quarters. The company has begun execution of a plan to stem demand weakness in Chinese markets by focusing more heavily on other regions in its customer base. Despite th...
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