Wall Street Fundamentals Releases New In-Depth Stock Reports on JASO, YGE, LDK and TSL
New York, NY – May 23rd, 2013 – Chinese solar stocks have been on an impressive run this week as improving quarterly results and outlooks have boosted investor optimism within the industry. Earlier this week, JA Solar reported a rare year-over-year increase in quarterly revenues, while Yingli Green Energy Holdings Co. boosted its forecast for first quarter shipments.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) shares have soared over 45 percent in the past week, and have nearly doubled year-to-date. The solar company reported an operating loss of RMB 85.2 million ($13.7 million) for the first quarter of 2013, compared to an operating loss of RMB 493.9 million ($79.5 million) in the fourth quarter of 2012. The company’s year-over-year increase in quarterly revenues was its first since June 2011.
More information on JA Solar and access to the free equity report can be found at: www.WallStreetFundamentals.com/JASO
Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) shares have gained over 25 percent in the past week and are up approximately 31 percent year-to-date. The stock appears to have support at the $3.06 and $2.78 levels. The company announced that PV module shipments for the first quarter are expected to decline by 6% to 7% from the previous quarter, an improvement from their previous guidance of a low-to-mid teen percent decrease.
More information on Yingli Green Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/YGE
LDK Solar Co., Ltd. (NYSE: LDK) has spiked nearly 35 percent in the past week and are up approximately 20 percent year-to-date. The stock appears to face some resistance at $1.89 with some support at $1.74. The company has recently signed a new wafer supply contract with Realforce Power Co., Ltd. to provide 120 million 6-inch wafers, totaling approximately 500 megawatts.
More information on LDK Solar and access to the free equity report can be found at: www.WallStreetFundamentals.com/LDK
Trina Solar Limited (NYSE: TSL) shares have gained over 11.0 percent in the past week and are up approximately 46 percent year-to-date. The stock appears to be facing some resistance at $6.86 and has some support at $5.83. Solar shipments for the first quarter of 2013 are expected to be in the range of 390 MW to 400 MW. The company has scheduled a conference call at 8:00 a.m. ET on Wednesday, May 29, 2013 to discuss quarterly results.
More information on Trina Solar and access to the free equity report can be found at: www.WallStreetFundamentals.com/TSL
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Disclaimer:
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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