JA Solar Holdings
Co. Ltd. (NASDAQ: JASO) is one of the world’s largest producers of solar power
products for residential, commercial and utility-scale power generation.
Founded in 2005 and based in Shanghai, the company has quickly captured market
share in the solar power space through a focus on photovoltaic research and
development, a commitment to driving innovation and the consistent manufacture
of high-performance solar power products. In just over a decade, JASO quickly
grew from an unknown startup to the world’s fourth largest supplier of solar
modules in 2015, according to data from PV-Tech (http://dtn.fm/qI4Kh).
Currently, the company boasts long standing relationships with leading project
developers and global distributors from around the globe, with roughly 64
percent of its 2014 shipments bound for China and Japan, 17 percent for Europe
and 6 percent for America.
In March, JASO gave
prospective shareholders additional insight into its growth when it announced
its unaudited financial results for the fiscal year ended December 31, 2015
(http://dtn.fm/wKgJ4). Total shipments for 2015 were up by 28.8 percent from
the previous year, totaling approximately 4.0 gigawatts. The result was a
significant spike in net revenue, which climbed from $1.7 billion in FY 2014 to
$2.1 billion last year. Net income was also up, with JASO reporting $94.9
million in 2015, compared to $69 million the previous year, for an increase of
more than 37 percent.
“Our fourth quarter
results continued the momentum we built throughout 2015,” Baofang Jin, chairman
and chief executive officer of JASO, stated in a news release. “We fulfilled
strong demand across Asia, especially in China, but also made meaningful
advances in North America… We expect growth of over 30%, as countries around
the world continue to encourage the growth of clean, renewable energy.”
Markets around the
world are installing solar power products at record rates. According to data
from Texas-based Mercom Capital Group LLC (http://dtn.fm/0R8xG), new
installations are expected to climb to 64.7 gigawatts in 2016, up from 57.8
gigawatts in 2015. The report goes on to highlight China as the largest solar
market in the world, with forecasts calling for approximately 19.5 gigawatts
installed in 2016, pushed forward by rising government installation targets.
Strong growth is also expected in Japan, as the country continues to shift its
energy mix to include more renewables while cutting back on the use of nuclear
energy. With sizable market share in two of the world’s three largest solar
markets, JASO is strategically positioned for strong financial growth in the
months to come by continuing to bolster its reputation as a leader in the solar
power industry.
“We are able to
capture this market growth due to our industry-leading reputation for quality
and value,” continued Jin. “We intend to aggressively protect that reputation
through our ongoing investment in research and marketing.”
For more
information, visit www.jasolar.com
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