JA Solar Holdings (JASO) Tops Q3 EPS Expectations; Tot. Shipments Rose 43.5%

JA Solar Holdings (NASDAQ: JASO) reported Q3 EPS of $0.68, $0.36 better than the analyst estimate of $0.32. Revenue for the quarter came in at $601 million versus the consensus estimate of $512.37 million.

• Total shipments were 1,126.8 megawatts ("MW"), an increase of 43.5% y/y and 42.5% sequentially
• Shipments of modules and module tolling were 1,073.8 MW, an increase of 54.8% y/y and 49.7% sequentially
• Shipments of cells and cell tolling were 53.0 MW, a decrease of 42.3% y/y and 27.8% sequentially

Business Outlook

For the fourth quarter of 2015, the Company expects total cell and module shipments to be in the range of 1.1 GW to 1.2 GW. Due to strong customer demand, the Company now expects to ship less than 100 MW of modules to its downstream projects in 2015.

Manufacturing Capacity Update

On October 26, 2015, the Company announced the launch of its 400 MW solar cell manufacturing facility in Penang, Malaysia.

To meet growing demand for the Company's high quality products, JA Solar plans to further expand its manufacturing capacity and expects an annual production capacity of 1.5 GW for wafers, 5.0 GW for cells, and 5.0 GW for modules by mid 2016.

For earnings history and earnings-related data on JA Solar Holdings (JASO) click here.

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