JA Solar Holdings (JASO)

[suzyHomemaker]

UPDATE 1-JA Solar posts Q2 net loss, shares slip

* Shares fall 7 percent in premarket trade

NEW YORK, Aug 11 (Reuters) - China's JA Solar Holdings Co Ltd (JASO.O) reported on Wednesday a wider quarterly net loss, as tight credit markets have cut demand for renewable power and sent prices on solar panels into a tailspin.

The second-quarter net loss was $28.5 million, or 18 cents per share, compared with a loss of 1 cent per share a year earlier.

Revenue slid 51 percent to $88 million. Analysts had been expecting revenue to fall as low as $66.7 million, according to Reuters Estimates.

Earlier this month, JA Solar unexpectedly said its chairman, Baofang Jin, would take on the role of chief executive. Former CEO Samuel Yang is now vice chairman, reporting to Jin.

Shares in JA Solar fell 7 percent to $4.88 per share in premarket trade. (Reporting by Matt Daily, editing by Gerald E. McCormick)