JA Solar Upgraded to a Buy
Posted Thu Nov 29, 03:20 pm ET, Zacks.com
As Zacks senior alternative energy analyst Jon Kolb notes today in his upgrade of JA Solar (JASO) shares from a Hold to a Buy, the Chinese solar panel manufacturer is one of the fastest-growing stocks in the alt-energy space:
"JASO's significant upswing following its February 2007 IPO remains a compelling growth story in clean energy. The growth potential for the solar industry as a whole is very promising. Capacity expansions and committed supply of key raw materials at JA Solar will continue to fuel growth.
"Strong earnings growth, coupled with a well-diversified customer base, makes JASO one of the fastest-growing alternative energy stocks. Material cost savings through the company's long-term supply agreement will also boost margins. Accordingly, we upgrade our recommendation on JASO to BUY with a six-month target price of $63.00, representing annualized total return potential of
41.3%.
"Looking ahead, successful execution in the high-growth potential solar panel market warrants premium multiples to the broader market and JASO is well-positioned to take advantage of this opportunity. The company still trades at a significant discount to the average industry multiple and many of its peers. With strong projected year-over-year earnings projections throughout 2008, this discount represents an opportunity for the share price to appreciate significantly with forward P/E multiple expansions."
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Alternative energy stocks and other renewable power investments are a core component of ethical investing portfolios. Find info on Alternative Energy websites, research solar power, locate renewable power information and solar energy companies online. Links to info on clean fuels, solar power as a peace technology, solar energy stocks and clean power mutual funds.
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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)
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