Dow:
Nasdaq:
S&P 500:

8280.74 (-223.32)
1796.52 (-49.20)
896.42 (-26.91)

Featured Articles
Recover from Losses
Learn how to use a simply stock options strategy to cut your breakeven in half and quickly recoup losses!

How to Recession-Proof
Learn where to invest your money to minimize damage from the impending U.S. recession.

Gauge Stock Momentum
Learn how to determine when your investments have begun to lose steam to sell out before the crowd!

Research Tools
SEC Filings Analysis
Executive Compensation

JA Solar Holdings Co., Ltd (NDAQ: ) shares jumped sharply higher after rival Suntech Power Holdings Co., Ltd (NYSE: ) lifted its 2008 revenue forecast. Suntech reported a higher-than-expected 58 perent rise in quarterly earnings and lifted its raised its 2008 forecast to a range of $2.05 billion to $2.15 billion from $1.9 billion to $2.1 billion. The firm also increased its target for shipment of photovoltaic cells by 20 MW to 550 MW.

JA Solar operates in the same industry as Suntech and benefited directly from the improved forecast. Both companies design, manufacture, and market high preformance solar cells, which are made from specially processed silicon wafers. The companies have seen great success marketing to markets worldwide and recently saw a boost from European markets that have increased their purchasing. Other customers include China, Germany, Sweden, South Korea, and the United States.

JA Solar Holdings Co., Ltd. (JA Solar) is a manufacturer of solar cells based in China. The Company designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. Its solar cells are assembled and integrated into solar modules and systems that convert sunlight into electricity through a process known as the photovoltaic effect. Its monocrystalline solar cells have achieved conversion efficiency rates in the range of 16.1% to 16.9%.

Shares of JA Solar rose $1.23, or 7.5%, to $17.66 per share.

Add to: del.icio.us | Digg