JA Solar Increases Fourth Quarter Guidance Ahead Of Official Results

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JA Solar, one of the world’s largest solar manufacturers, announced it is increasing its fourth quarter guidance in the wake of global growth.

The Shanghai-based solar cell producer, self-billed as “one of the world’s largest manufacturers of high-performance solar power products,” and revealed by GlobalData earlier this week to still be the number one solar PV module producer in the world, announced on Thursday that it was raising guidance for the fourth quarter, 2015. Shipments for the fourth quarter are now expected to be reported as in the range of 1.32 GW to 1.35 GW, up from the company’s previously provided guidance of 1.1 GW to 1.2 GW.

The growth can generally be attributed to a global return to growth for the entire solar industry.

JA Solar’s shipments in the fourth quarter were nearly all to external customers, as expected, and pushed the company’s full year 2015 shipments guidance to be in the range of 3.92 GW to 3.95 GW. The company also now expects its total revenue for the fourth quarter to be in the range of RMB 4.4 billion to RMB 4.6 billion, and a gross margin in the range of 16.4% to 17.4%.

Full financial results are estimated to be reported on March 15, meaning these preliminary results are just that, preliminary.

JA Solar reported record shipments in the third quarter of 2015, shipping a total of 1,126.8 MW of solar modules in the quarter, exceeding the high end of the company’s guidance for the quarter, and representing a 42.5% increase over the last quarter, and a 43.5% increase year-over-year. And, as mentioned earlier, GlobalData published figures earlier this week highlighting Trina Solar as remaining the world’s number one solar PV module producer, producing a total of 4.55 GW of crystalline modules.

“Trina Solar has experienced impressive results over the past year,” explained Ankit Mathur, GlobalData’s Practice Head for Power. “For example, it has announced a new efficiency record of 22.13% for its mono-crystalline silicon solar cell, which breaks the previous record of 21.40% and demonstrates an impressive efficiency improvement of 0.73 percentage points within only one year.”

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Joshua S Hill

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