JA Solar Holdings (JASO) Misses Q2 EPS by 7c; Boosts FY14 Shipments Outlook
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JA Solar Holdings (Nasdaq: JASO) reported Q2 EPS of $0.14, $0.07 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $390.5 million versus the consensus estimate of $394 million.
Total shipments were 681.8 megawatts ("MW"), increases of +47.0% y/y and +6.8% sequentially.
Business Outlook
For the third quarter of 2014, the Company expects total cell and module shipments to be in the range of 730 MW to 760 MW. For the full year 2014, the Company revised up its previous shipment guidance. The Company now expects to ship between 2.9 GW and 3.1 GW, higher than previous guidance of a range of 2.7 GW to 2.9 GW. Consistent with the previous guidance, the new guidance includes 200 MW of module shipments to the Company's downstream projects.
Manufacturing Capacity Update
With the completion of its capacity expansion during the quarter, JA Solar now has annual wafer production capacity of 1.0 GW, annual cell production capacity of 2.8 GW, and annual module production capacity of 2.8 GW. Since the end of 2013, cell capacity has increased by 300 MW, while module capacity has increased by 1 GW.
For earnings history and earnings-related data on JA Solar Holdings (JASO) click here.
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