JA Solar (JASO) Blows Up Solar Stocks Today After Weak Results/Guidance (SOL, SOLF, ESLR, STP, FSLR, MORE...)

Shares of JA Solar (Nasdaq: JASO) are down 31% today following disappointing Q3 results and miserable guidance. The carnage in JASO is also spreading to other solar stocks today. The ETF that tracks the sector, Claymore/MAC Global Solar Energy (NYSE: TAN), is down 14% today.

JA Solar reported Q3 earnings of $0.26 per share, ex-items, below the consensus of $0.27. Revenues rose 150% to $312.3 million, versus the consensus of $304.2 million.

For Q4, JA Solar sees non-GAAP EPS of break-even, well below the consensus of a $0.30 profit. JASO sees Q4 revenues of $191.5-$220.9 million, well below the consensus of $371.39 million. Gross margin in the fourth quarter is expected to be between 5 and 7%

For 2009. JA Solar sees FY09 non-GAAP EPS of $0.90, well below the consensus of $1.27. JASO sees FY09 revenues of $1.5-$1.7 billion, versus the consensus of $1.73 billion. Full-year gross margins are expected to be at least 16%.

Other Solar Stocks Today:

SunPower (Nasdaq: SPWRA) 13% LOWER
First Solar (Nasdaq: FSLR) 15% LOWER
MEMC Electronic (NYSE: WFR) 10% LOWER
Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) 17E% LOWER
Evergreen Solar Inc. (Nasdaq: ESLR) 14% LOWER
Suntech Power Holdings Co. Ltd. (NYSE: STP) 18% LOWER
Trina Solar Ltd. (NYSE: TSL) 11% LOWER
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) 25% LOWER
ReneSola Ltd. (NYSE: SOL) 37% LOWER
Canadian Solar Inc. (Nasdaq: CSIQ) 20% LOWER
Energy Conversion (Nasdaq: ENER) 18% LOWER

You May Also Be Interested In