Downward Price/Volume Alert: JA Solar (JASO)

Posted in pre-market 
August 12th, 2009

JA Solar Holdings Co. (NASDAQ: JASO) posted a Q2 earnings loss of -$0.18 EPS vs. consensus of -$0.06, although that may include items.  Revenue fell by over 50% to $88 million, although that is above the estimates of $77.6 million. Gross margins were effectively chopped in half to 11.4% as well. Shares are indicated down 10% in early trading.  At 7:50 AM EST we have seen some 29,000 shares trade, but that number will start to grow exponentially as the opening bell gets closer.  Shares are down around $4.90 after closing at $5.25 yesterday. -JON OGG

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