JA Solar Holdings (JASO)

[suzyHomemaker]

Downgrade by Thomas Weisel Partners just out.

Ahead of the Bell: JA Solar estimate cut on update
JA Solar estimate cut on scaled-back 2009 outlook, expected customer weakness
Thursday February 12, 2009, 8:32 am EST
Yahoo! Buzz Print Related:JA Solar Holdings Co., Ltd.
NEW YORK (AP) -- A lowered 2009 revenue and production outlook, weakness among customers and constrained credit markets prompted a Thomas Weisel Partners analyst to cut his 2009 estimates for JA Solar Holdings Co.

The Chinese solar cell maker on Wednesday lowered its 2009 revenue estimates to a range between $830 million and $952 million, with a target output between 500 and 550 megawatts and a year-end capacity of 875 megawatts, down from earlier estimates of $1.51 billion to $1.7 billion in revenue, with a target output of 800 megawatts and a year-end capacity of about 1 gigawatt.

Analyst Jeff Osborne said the company's guidance is premature and he expects rough times ahead. Osborne lowered his profit estimate of JA Solar to 30 cents per share from an earlier estimate of 60 cents per share. Osborne also reduced the company's price target to $1.50 from $3.

Osborne said solar demand will grow in the long term, but only after credit