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Why JA Solar Stock Fell after Its 3Q17 Earnings Release

Alexis Tate - Author
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Nov. 21 2017, Published 12:08 p.m. ET

JA Solar’s 3Q17 earnings announcement

On November 15, 2017, after market hours, JA Solar Holdings (JASO) announced its 3Q17 results for the quarter ended September 30, 2017. In this series, we’ll be looking at those results and comparing them with analysts’ estimates to try to understand what caused the changes. We’ll also look at the company’s key operating metrics in 3Q17 and then conclude the series with an outlook for the company.

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Stock price reaction

JA Solar reported a muted performance in 3Q17. Its EPS (earnings per share) was $0.13 against analysts’ consensus estimate of $0.19. In 3Q16, its EPS was $0.15. The company beat analysts’ estimates for each of the last four quarters.

On November 16, 2017, JA Solar stock closed ~1.4% below its previous closing price of $6.96 on November 15. The fall in the stock was primarily due to lower profits in 3Q17. As of November 26, 2017, JASO stock has risen 44.1% YTD (year-to-date).

Peer performance

On November 16, 2017, the day after JA Solar released its 3Q17 results, the stock for JASO’s peer First Solar (FSLR) fell marginally 0.4%. The stock for Yingli Green Energy Holding (YGE) fell 1.3% during the intraday trading session, and Canadian Solar (CSIQ) stock rose 0.5%.

The Guggenheim Solar ETF (TAN), which tracks the performance of companies in the solar power industry, rose 1.1% during the intraday trading session.

In the next part of this series, we’ll look at the operational performance of JA Solar for 3Q17.

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