Thursday, May 19, 2016

JA Solar Holdings Co. Ltd. (JASO) Converting Sunlight into Financial Growth in Competitive Solar Power Space

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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