JA Solar Holdings (JASO)

[suzyHomemaker]

UPDATE 1-JA Solar slashes 2009 revenue view, shares fall

Trading $2.65 as I type.

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*JA Solar cuts 2009 revenue view to $830 mln to $952 mln

*Prior view was $1.5 bln to $1.7 bln

*Shares fall 3.7 percent in extended trade

LOS ANGELES, Feb 11 (Reuters) - Chinese solar firm JA Solar Holdings Co Ltd (JASO.O) sharply reduced its 2009 revenue forecast, saying tight credit markets and a global economic downturn have hurt demand for solar power.

The company forecast 2009 revenue of $830 million to $952 million, down from a prior view of $1.5 billion to $1.7 billion.

JA Solar shares fell 3.7 percent to $2.90 in extended trade following the announcement. They closed at $3.01 on the Nasdaq. (Reporting by Nichola Groom)