JA Solar Holdings (JASO)

[mike306oh]

Answering a PM question.

1-st Q 2013 results (due on May 20) are going to be a very indication on where JASO is going. After a good 2010, the drop in both gross and (especially) the net revenue is not encouraging:

http://www.marketwatch.com/investing/stock/jaso/financials

However, one has to keep in mind that right now the solar PV industry is going through some tough times, especially the companies from Asia, due to the large trade barriers recently imposed.

Good Q1 10-Q numbers will for certain build more trust in JASO's future. All they have to do, thereafter, is to further increase cell efficiency (e.g., using selective emitters, and possible p/n instead of n/p cell structures), while further lowering the manufacturing costs. By doing it, with their proven 2012 production capacity (which is about twice that of combined world wide 2000 production), JASO could become one of the best global PV company.

AJIMO,

Mike