Economic storm clouds spell black Q4 for JA Solar

Blackening economic conditions have led Chinese solar cell maker JA Solar Holdings to drastically downgrade its fourth-quarter guidance for 2008.

The company knocked down its revenue expectations by 54% to $124m (€93m), while its production output has been downgraded nearly 20% to 250MW.

“Over the past few weeks we have seen a dramatic slowdown in orders, which we believe is related to macroeconomic conditions,” chief executive Samuel Yang says. “We remain positive about [our] overall competitive position, and continue to expect profitable growth in 2009.”

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