TITLE

Solar Stocks Dim on JA Solar Earnings

AUTHOR(S)
Moresco, Justin
PUB. DATE
November 2008
SOURCE
Red Herring;11/12/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Chinese solar cell maker JA Solar for the third quarter of 2008. JA Solar shares dropped 96 cents, or 28.74 percent, to $2.38 per share. The stock was down more than 5 percent in after-hours trading. The company lost $21 million, or 36 cents per share, in the third quarter, compared with a profit of $24.4 million, or 17 cents per share, in 2007. Analysts had expected a profit of 9 cents per share, according to a survey by Thomson Reuters. JA Solar said the Lehman Brothers bankruptcy had a "material impact" on its third-quarter earnings.
ACCESSION #
36586147

 

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