JA Solar Holdings Co, Raise Expectations
JA Solar Holdings Co., Ltd has announced revised guidance for its first quarter ended March 31, 2010. Based on current customer orders and product deliveries, JA Solar now projects first quarter shipments to exceed 265MW, above the high-end of its previous guidance of 215MW to 225MW given on Feb. 11, 2010.
"During the first quarter, we saw robust demand from existing and new customers," said Dr. Peng Fang, CEO of JA Solar. "By streamlining the company's existing solar cell manufacturing facility, JA Solar is able to achieve higher than expected production to meet strong customer orders. We also won several new European customers during the quarter, which further diversified our customer base and provides better visibility for the full year."
"We are making progress in winning new customers globally, and are seeing strong demand for our high quality solar products from major solar markets worldwide, including Germany, China, U.S., Italy, South Korea, Spain, France, the Czech Republic and India. We are also seeing growth in emerging solar markets, such as Australia, Canada, and Japan," he said.
The company expects to report its first quarter results in mid-May, and plans to provide guidance for the second quarter of 2010 and updated full-year 2010 guidance at that time.
SOURCE JA Solar Holdings Co., Ltd.
