Most Active Solar Stocks: JA Solar (NASDAQ:JASO), Yingli Green Energy (NYSE:YGE), First Solar (NASDAQ:FSLR), Solar City (NASDAQ:SCTY)



JA Solar Holdings (NASDAQ:JASO) reached a more than two-year high Monday after reporting Q4 results that beat analyst estimates. The Chinese maker of solar cells reported non-GAAP earnings of RMB 0.94, or $0.16, per diluted ADS, compared with the Capital IQ estimate for a loss of $0.06 a share. Q4 net revenue grew 30% from a year earlier to RMB 2.2 billion ($357.3 million), beating the consensus estimate of $292 million. Earnings per diluted ADS in Q4 2013 were RMB 1.92 ($0.32), compared with a loss per diluted ADS of RMB 15.06 ($2.49) a year earlier. For Q1, the company expects total cell and module shipments to be between 580 MW and 610 MW.

JA Solar (NASDAQ:JASO) estimated 2014 shipments will climb to 2.7 GW to 2.9 GW, an increase of 27% to 38% from 2013. The company rose 6.1% to $12.12 per ADS after reaching $13.14 earlier, territory last seen in September 2011.

JASO was trading up 4.73% mid morning on Monday nearing the upper end of its 52-week range of 11.77-13.14. The company holds a market cap of 96.64 million shares and has an average volume of 2.67 million.

Yingli Green Energy (NYSE:YGE) was higher by more than 2% in recent pre-market trade after saying it has won a deal to supply 10 megawatts of multicrystalline PV modules to U.K.’s solar company Solarcentury Holdings. The 40,000 PV modules will be installed on the Isle of Sheppey, near London. The project will produce approximately 10,000 MWh of electricity per year, enough to supply around 3,000 typical homes.

Yingli Green Energy (NYSE:YGE) is trading in the upper half of the 52-week range between $1.62 and $8.77. The company is only 29% owned by institutions and holds a market cap of 942.64 million.

Shares in First Solar (NASDAQ:FSLR) were up nearly 1% in recent pre-market trading on Monday after the photovoltaic (PV) solar module manufacturer said over the weekend that it has completed the construction of a 1.3MW(DC) solar PV power plant in Japan.

The power plant is located in Kitakyushu-shi and can provide approximately 1,400 MWh of clean solar electricity per year. Power from the project will be purchased by Kyushu Electric Power Company.

First Solar, Inc. (NASDAQ:FLSR) was trading up during regular hours 5.40% mid morning, in a 52-week range of $25.66 – $65.99. FSLR has a market cap of 5.67b and holds a 15.75 p/e ratio.

Solar City (NASDAQ:SCTY), the seller of solar energy systems to residential and commercial customers said it had partnered with retailer Best Buy (NYSE:BBY) to launch solar-panel consulting and sales locations in nearly 60 of the retailer’s stores. The locations range from New York to Oregon with the majority being in California and Arizona, according to a website set up for the partnership. Solar City (NASDAQ:SCTY)┬ástock was up .83% trading near its 52-week high at $74.31 mid morning.

Solar City Corp (NASDAQ:SCTY) has a market cap of 6.18 billion and is 32% owned by institutions. The company has a 52-week high of $88.35 and 4.96 million shares trade hands on average daily.

 

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