DALLAS, Dec. 6, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring JA Solar Holdings Co. Ltd. (ADR) (Nasdaq:JASO). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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JA Solar Holdings Co. Ltd. (JASO) is engaged in the development, production and marketing of photovoltaic (PV) solar cells, which convert sunlight into electricity, in the People's Republic of China (PRC). Its solar cells are assembled and integrated into solar modules and systems that convert sunlight into electricity through a process known as the photovoltaic effect. Substantially all of the Company's business is conducted through the operating subsidiaries, JingAo Solar Co. Ltd. (JA Hebei), Shanghai JA Solar PV Technology Co., Ltd. (JA Zhabei) and JA Solar Technology Yangzhou Co. Ltd. (JA Yangzhou), in which the Company indirectly holds a 100% interest. JA Solar also produces and sells monocrystalline and multicrystalline solar cells.
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In the report, the analyst notes:
"JASO recently said it has entered into a long-term supply agreement with GCL-Poly Energy Holdings Ltd. Under the deal, GCL-Poly will supply JASO with 10 gigawatts (GW) of polycrystalline wafers and products for five years, from January 2011 to December 2015, at pre-determined shipment volume.
"The Company had raised its forecast to more than 1.45 GW in 2010 from a prior outlook of 1.35 GW. Shipments in the fourth quarter are expected to be about 450 megawatts (MW)."
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