Boston, MA 05/23/2014 (wallstreetpr) – JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), a premium solar cell and module products designing and manufacturing company, announced that it has amassed sumptuous profits in Q1-2014, after a year of gnawing losses, particularly owing to the enhanced demands for its solar panels across Europe and Japan.
After Yearlong Losses, JASO Reports Amassing Sumptuous Profits
The company acquired profits amounting to $13.7 million at 23 cents per ADS – American Depository Share, in Q1-2014, that ended on March 31, 2014. A year earlier, the company had to bear the brunt of voluminous losses estimated at $33.3 million, or 85 cents-per-ADS.
In its recently issued quarterly report, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) reported phenomenal $0.32 EPS or Q1-2014; soon after reporting of substantial profits, JASO’s shares that had seen 52 weeks low record of $5.90/share and a 52 week high of $13.14 fluttered at $9.85/share. The stock depicted a 50-day fluctuating average of $10.2 and a 200 day average of $10.06. Currently, JASO has a market capitalization of 80.01 Million, with over 40.45 Million shares available in the market. The net revenue of $366 Million in Q1-2014 is 5.2% above Q4-2013 and 35.7% higher than the revenues garnered in Q1-2013.
Rise In Short Interest
On April 30, 2014, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) posted a significant 28.2% rise in short interests from 3,914,410 shares on April 15 to 5,018,927 shares on April 30, 2014. Based on average voluminous trading per day, the short interest ratio at this juncture is 1.6 days.
President Obama Announces His ‘Solar Plans’
The solar stock jumped further in New York’s trading of late, soon after President Barack Obama announced an ingenuous solar energy development and deployment plans. After President Obama accomplished a three-day entourage focused on fundraising, in California, he voiced his commitments to develop energy efficiency norms and exquisite solar power with the aid of more than 300 public and private sector enterprises and groups. Plans are rife that there shall be the development of 400 MW unit of solar power in the coming years, with nearly 130 MW generation unit deemed to be installed in 2014.
