JA Solar's (NASDAQ:JASO) first quarter was better than expected as revenue jumped 36% from a year ago to $366 million and net income came in at $13.3 million, or $0.05 per share.
Gross margin, a closely watched indicator of health in solar, improved 120 basis points to 16.7% as module prices rose in the industry. But to keep the momentum up JA Solar will need to continue to see a broad recover in the industry, execute on 200 MW of projects this year, and invest in the future.
Solar specialist Travis Hoium takes a look at JA Solar's quarter and what it needs to do to be a good investment in the video below.
Ride the boom in new energy
Solar power isn't the only energy source revolutionizing the country. Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a look at three energy companies using a small IRS "loophole" to help line investor pockets. Learn this strategy, and the energy companies taking advantage, in our special report "The IRS Is Daring You To Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.