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JA Solar (JASO) Ships Solar Panels for Floating Power Plant
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JA Solar Holdings, Co., Ltd. announced that it has successfully provided modules for the world's largest floating solar power plant.
The company confirmed supplying 40 megawatts (MW) floating photovoltaic (PV) solar system which has been installed in a former flooded coal mining region in Huainan City, Anhui province, China. Connected in May 2017, this project is capable of supplying maximum light and air conditioning to a nearby city.
About The Panels
JA Solar manufactured the mono double-glass modules that have been used in this project. As one of the largest solar products manufacturer of the world, the company puts these panels through long-term reliability and environmental endurance tests. The panels are built with excellent anti-PID (Potential Induced Degradation) performance and are resistant to corrosion despite exposures to humidity in the floating condition. The double-glass modules have 12-year warranty on materials and workmanship and also carry 30-year linear power warranty.
Benefit of this Project
An increasing demand for floating PV has been observed in recent times, especially on islands, because of low cost of water surface. Also, the evaporative cooling effect of water reduces module temperature, which promotes module efficiency and prevents degradation. This in turn has made floating PV an emerging market, with improved growth potential. We believe the aforementioned project has enabled JA Solar to make a successful entrance in this emerging market, hinting at increased potential for its growth.
Future of Solar Industry
To put a check on carbon emission, China has been focusing on solar power over the last few years. The PV capacity more than doubled in the last year itself which turned the country into a leading producer of solar energy in terms of capacity.
While many countries are trying to minimize the green house gas emission, U.S. took a startling decision to walk out of the Paris climate accord in early June. This came as a big shock to not only the environment advocates across the other 195 nations of the Paris settlement, but U.S. officials as well. With President Trump deciding to pull out of the agreement, countries like India and China will get increased opportunities in leading the clean energy space. (Read More: U.S. Walks Out of Paris Climate Accord: Stocks to Win/Lose)
Price Movement
Shares of JA Solar have incurred a loss of 11.8% in last one month. compared with the Zacks categorized Solar industry’s gain of 4.0%. The pull out of the U.S from the Paris Climate Accord, left majority of the solar power companies in a pool of uncertainty. This might be a reason behind JA Solar’s underperformance in the last one month, compared to the broader industry. Other companies like First Solar Inc. (FSLR - Free Report) and Canadian Solar, Inc. (CSIQ - Free Report) also faced major blows post the news.
SolarEdge Technologies delivered a positive earnings surprise of 39.13% in the first quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 14.4% to $1.11 per share in the last 60 days.
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Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
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JA Solar (JASO) Ships Solar Panels for Floating Power Plant
JA Solar Holdings, Co., Ltd. announced that it has successfully provided modules for the world's largest floating solar power plant.
The company confirmed supplying 40 megawatts (MW) floating photovoltaic (PV) solar system which has been installed in a former flooded coal mining region in Huainan City, Anhui province, China. Connected in May 2017, this project is capable of supplying maximum light and air conditioning to a nearby city.
About The Panels
JA Solar manufactured the mono double-glass modules that have been used in this project. As one of the largest solar products manufacturer of the world, the company puts these panels through long-term reliability and environmental endurance tests. The panels are built with excellent anti-PID (Potential Induced Degradation) performance and are resistant to corrosion despite exposures to humidity in the floating condition. The double-glass modules have 12-year warranty on materials and workmanship and also carry 30-year linear power warranty.
Benefit of this Project
An increasing demand for floating PV has been observed in recent times, especially on islands, because of low cost of water surface. Also, the evaporative cooling effect of water reduces module temperature, which promotes module efficiency and prevents degradation. This in turn has made floating PV an emerging market, with improved growth potential. We believe the aforementioned project has enabled JA Solar to make a successful entrance in this emerging market, hinting at increased potential for its growth.
Future of Solar Industry
To put a check on carbon emission, China has been focusing on solar power over the last few years. The PV capacity more than doubled in the last year itself which turned the country into a leading producer of solar energy in terms of capacity.
While many countries are trying to minimize the green house gas emission, U.S. took a startling decision to walk out of the Paris climate accord in early June. This came as a big shock to not only the environment advocates across the other 195 nations of the Paris settlement, but U.S. officials as well. With President Trump deciding to pull out of the agreement, countries like India and China will get increased opportunities in leading the clean energy space. (Read More: U.S. Walks Out of Paris Climate Accord: Stocks to Win/Lose)
Price Movement
Shares of JA Solar have incurred a loss of 11.8% in last one month. compared with the Zacks categorized Solar industry’s gain of 4.0%. The pull out of the U.S from the Paris Climate Accord, left majority of the solar power companies in a pool of uncertainty. This might be a reason behind JA Solar’s underperformance in the last one month, compared to the broader industry. Other companies like First Solar Inc. (FSLR - Free Report) and Canadian Solar, Inc. (CSIQ - Free Report) also faced major blows post the news.
Zacks Rank and Stock to Consider
JA Solar carries a Zacks Rank #4 (Sell). A better-ranked stock in the space is SolarEdge Technologies, Inc. (SEDG - Free Report) , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
SolarEdge Technologies delivered a positive earnings surprise of 39.13% in the first quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 14.4% to $1.11 per share in the last 60 days.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>