JA Solar Holdings Co. Ltd. (ADR) (JASO) reported quarterly earnings results on Friday, May-27-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.31. The company posted revenue of $538.10 million in the period, compared to analysts expectations of $499.35 million. During the same quarter in the previous year, the company posted $0.13 EPS.
JA Solar Holdings Co. Ltd. (ADR) opened for trading at $8.1 and hit $8.24 on the upside on Wednesday, eventually ending the session at $8.2, with a gain of 1.61% or 0.13 points. The heightened volatility saw the trading volume jump to 3,28,664 shares. Company has a market cap of $390 M.
JA Solar Holdings Co. Ltd. is a holding company. The Company designs develops manufactures and sells solar cell and module products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and sales of solar modules as well as silicon wafer manufacturing. The Company’s principal products consist of both monocrystalline and multicrystalline solar cells and solar modules. It sells its products mainly under JA Solar brand name and also produces original equipment for manufacturers or customers known as original equipment manufacturers (OEMs).The Company also provides engineering procurement and construction (EPC) services. The Company sells solar cell and module products to module manufacturers system integrators project developers and distributors. The Company’s subsidiaries include JA Development Co. Ltd. JA Solar Hong Kong Limited JA Solar GmbH. JingAo Solar Co. Ltd. and Shanghai JA Solar Technology Co. Ltd. among others.