JA Solar Holdings Building MegaWatts in Germany

JA Solar Holdings Co. (NASDAQ:JASO) announced that it has won a contract with Solarhybrid AG, a Germany-based project developer and general contractor for turn-key utility-scale solar power projects, to provide 19 MW of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany. JA Solar is the only supplier of solar modules for the project.

According to the agreement, JA Solar (NASDAQ:JASO) will supply approximately 19 MW of high-efficiency PV modules to Solarhybrid. The Allstedt I solar power plant, located on a former military airfield in Germany, is predicted to produce 19,030,000 kWh of electricity annually and decrease CO2 emissions by 266,381 tons over a service period of 20 years. The power plant should be connected to the grid and operating by the end of this year.

“We are delighted to work with Solarhybrid as the exclusive module supplier to the Allstedt I solar power project,” said Dr. Peng Fang, CEO of JA Solar. “As this project demonstrates, demand and support for solar energy are strong in Germany. We look forward to working closely with Solarhybrid to ensure the success of this project and to take advantage of future growth opportunities in Germany and beyond.”

Here’s how these solar companies are reacting to the news out of JA Solar today:

Suntech Power Holdings Co. Ltd. (NYSE:STP): STP shares recently traded at $2.15, down $0.01, or 0.46%. They have traded in a 52-week range of $1.70 to $10.83. Volume today was 970,586 shares versus a 3-month average volume of 3,832,640 shares. The company’s trailing P/E is 27.92, while trailing earnings are $0.08 per share.

Trina Solar Ltd. (NYSE:TSL): TSL shares recently traded at $6.73, up $0.04, or 0.6%. They have traded in a 52-week range of $5.28 to $31.08. Volume today was 465,469 shares versus a 3-month average volume of 3,390,110 shares. The company’s trailing P/E is 2.74, while trailing earnings are $2.46 per share.

LDK Solar Co., Ltd. (NYSE:LDK): LDK shares recently traded at $4.51, down $0.09, or 1.96%. They have traded in a 52-week range of $2.55 to $14.97. Volume today was 754,726 shares versus a 3-month average volume of 2,227,800 shares. The company’s trailing P/E is 6.72, while trailing earnings are $0.67 per share.

Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): YGE shares recently traded at $3.83, up $0.17, or 4.64%. They have traded in a 52-week range of $2.75 to $13.59. Volume today was 798,247 shares versus a 3-month average volume of 3,477,740 shares. The company’s trailing P/E is 3.58, while trailing earnings are $1.07 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com