JA Solar in Q1 shipments boost
JA Solar said it expects to beat its first-quarter shipment forecasts, as it became the third major Chinese PV manufacturer to give investors a quick-fire view of trading in early 2014.
JA Solar expects shipments to surpass 620MW in the January-March period, ahead of previous guidance of 580MW-610MW, preliminary figures show.
It added that it foresees “sequential gross margin improvement” when it posts its full results in the first half of May.
Last week compatriots Yingli Solar and Trina Solar – the world’s two biggest module makers – both revised their Q1 shipment forecasts downwards, but simultaneously upped their expectations on gross margins for the quarter.
Like its two rivals, JA Solar today held firm on its full-year shipment guidance – in its case for between 2.7GW and 2.9GW of cells and modules, including 200MW of module shipments to its downstream projects.
Last month JA Solar reported a strong end to 2013 – including a return to profitability –and plans for international expansion in the year ahead.