Appropriately enough, the solar reports for the latest quarter are like night and day.
In the West, we saw Energy Conversion Devices
Then, on Thursday, along came JA Solar
In the fourth quarter, shipments were up more than 30% compared with the previous quarter, gross margins pushed north of 20%, and JA Solar generated a bundle of operating cash flow. It's a great time to be a low-cost supplier of solar cells.
JA Solar's new CEO Peng Fang, recently poached from LDK Solar
Upon the request of some customers, JA Solar is moving into module production. Like ReneSola
Another major development is the near-term commercialization of JA Solar's high-efficiency cell technology, which has reached 18.7% efficiency. This positions the company to take a shot at Suntech Power's
As far as the outlook for 2010, it's no shock that the first half of the year looks good, with demand exceeding capacity as German end users rush to get ahead of the feed-in tariff cut. What caught me by surprise was the statement that JA Solar sees second-half demand coming in even stronger. I told you this was a seriously sunny report.
Fool contributor Toby Shute doesn't have a position in any company mentioned. Check out his Motley Fool CAPS profile or follow his articles using Twitter or RSS. The Motley Fool has a disclosure policy.