JA Solar (JASO) Higher Ahead of Monday's Earnings Report
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JA Solar (Nasdaq: JASO) is trading nearly 5% higher today ahead of Q1 results, due before the open Monday. On average, analysts are looking for EPS of $0.10 and revenues of $146.6 million.
Last quarter (Q4), JASO beat the street estimates and provided stronger than expected guidance. Shares of JASO are up 57% since reporting Q4 results.
Wall Street is expecting another strong quarter for JASO. Collins Stewart sees GAAP EPS of $0.11, Non-GAAP EPS of $0.16 and revenues of $154 million - all above the street consensus. The firm said demand for solar cells was particularly strong in Q1. The firm has a Buy rating and $32 price target on JASO.
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