Solar Energy,JA Solar Holdings Co Ltd(Nasdaq:JASO)

JA Solar Holdings Co., Ltd. located at Jiang Chang San Road,Shanghai,People's Republic of China is engaged in design, development, production and sales of high-performance solar energy products. Established on May 18, 2005, JA Solar was listed on NASDAQ in the United States (ticker symbol: JASO) on February 7, 2007.
JA Solar has built two main solar cell manufacturing facilities in Ningjin, Hebei Province and Yangzhou, Jiangsu Province with a total capacity of 2 GW. We established our 500 MW PV module factory in Fengxian, Shanghai. The capacity of multi-crystalline silicon wafer factory in Donghai, Jiangsu Province is 300 MW. We are committed to the research of high efficiency solar cell in our research center in Yangzhou, Jiangsu Province, and have achieved new type solar cell with an efficiency of over 19% through protracted and unremitting efforts.
In 2009, the sales of JA Solar reached 3.8 billion RMB and annual shipments achieved 509 MW, which made JA Solar rank the world's top six and China's top three manufacturers of solar cells. It is expected to maintain a rapid growth in shipments and exceed 1.45GW in 2010, which made JA Solar the largest solar cell manufacturer in the world.
JA Solar is committed to creating sustained value by harnessing the world's sunlight. The core values of JA Solar's philosophy are integrity, persistence and teamwork. It is JA Solar's earnest desire to excel in providing solar energy products to best serve society and the environment.
JA Solar's Vision
Protect the one Earth we all share, for this and future generations
Board of Directors
1) Baofang Jin
Executive Chairman and Chairman of the Board of Directors since May 2005.
Mr. Jin currently serves as vice-chairman of the Chinese People's Political Consultative Conference of Ningjin County, vice president of Hebei Chamber of Commerce, vice chairman of Hebei Association of Entrepreneurs, executive chairman of Hebei Information Industry Association, chairman of Electronic Information Materials Sub-Association of Hebei Information Industry and Informatization Association, etc..
Mr. Jin holds an associate's degree from Hebei Broadcast and Television University in China.
2) Peng Fang
Chief Executive Officer
Appointed in January 2010.
Dr. Fang was president of Best Solar Co., Ltd., where he turned a start-up company into an internationally known solar module company in just 18 months. Dr. Fang was formerly president of Huahong NEC, one of the largest semiconductor foundries in China.
Dr. Fang has also held various technology and management positions at Applied Materials and AMD in the U.S.
Dr. Fang received his Ph.D and MSEE degrees from the University of Minnesota. He was also a postdoctoral research fellow at the EECS Department of UC Berkeley. Dr. Fang was chairman of the IEEE Electron Devices Society, Santa Clara Valley Chapter.
3) Jian Xie
Chief Operating Officer appointed in January 2010. Since joining JA Solar in April 2006, Mr. Xie has served in such capacities as the company's director of corporate finance, director of investor relations, assistant to the chief executive officer, secretary of the board of directors and vice president of Sales.
Prior to joining JA Solar, Mr. Xie worked in the investment banking department of Ping'an Securities Co., Ltd., and as an associate in the investment department at Dogain Holdings Group Co., Ltd.
Mr. Xie received his master's degree in finance from Guanghua School of Management at Beijing University in 2004.
4) Anthea Chung
Chief Financial Officer appointed in January 2009.
Ms. Chung has more than 16 years of financial management experience at public and private companies, including most recently the chief financial officer position at Solar Enertech Corp., a public company that manufactures solar cells and solar modules in Shanghai and Menlo Park, California. She was also former vice president and corporate controller at RAE Systems in San Jose, California, a US-listed company manufactures high-tech gas detection equipment. Ms. Chung began her career as an auditor and worked over eight years for PricewaterhouseCoopers.
Ms. Chung earned her Bachelor of Science degree in accounting at Indiana University and is a certified public accountant registered in California.
5) Yong Liu
Chief Technology Officer appointed in September 2010.
Mr. Liu has more than 15 years of operation management experience at semiconductor wafer and solar cell manufacturing facilities. Prior to joining JA Solar, he served as fab director at Semiconductor Manufacturing International Corporation (SMIC), responsible for running three 12-inch wafer foundry fabs, which were the most advanced wafer fabs in China. Mr. Liu had held various management positions in R&D and manufacturing since joining SMIC in 2001. Previously, Mr. Liu worked as deputy production manager at Wacker Siltronic Singapore.
Mr. Liu received his master's degree in solid state chemistry and bachelor's degree in solid state physics from the University of Science and Technology of China in 1992 and 1990, respectively.
6) Ming Yang
Vice President appointed in January of 2009.
Mr. Yang has more than six years of experience working as a Wall-Street buyside and sellside analyst, specializing in the renewable energy and semiconductor materials sectors. Most recently, Mr. Yang was an analyst covering the renewable energy sector at Coatue Management, a $2 billion hedge fund based in New York. Before that, he was vice president at Piper Jaffray for four years, as senior China research analyst covering solar energy and semiconductor materials, based in Shanghai. Mr. Yang started his Wall Street career as an analyst at Dreman Value Management.
Mr. Yang holds a Master of Business Administration degree from Cornell University and a bachelor's degree in electronic engineering and computer science from the University of California at Berkeley.
Top Institutional Holders at Sep30,2010
INVESTEC ASSET MANAGEMENT LTD=5,861,800=3.47%
SAM Sustainable Asset Management Ltd=5,556,700=3.29%
MORGAN STANLEY=5,204,526=3.08%
DEUTSCHE BANK AKTIENGESELLSCHAFT=3,902,230=2.31%
FMR LLC=18,109,870=10.71%
UBS GLOBAL ASSET MANAGEMENT (AMERICAS) INC=3,203,650=1.90%
Pictet Asset Management Ltd=2,511,932=1.49%
Invesco Ltd.=2,400,717=1.42%
EVEREST CAPITAL LIMITED=2,093,400=1.24%
JP MORGAN CHASE & COMPANY=1,825,022=1.08%
Top Mutual Fund Holders
Powershares Exhg Traded Fd Tr-POWERSHARES WILDERHILL CLEAN E=1,539,020=0.91%
FIDELITY DISCIPLINED EQUITY FUND (USA)=1,300,000=0.77%
FIDELITY EMERGING ASIA FUND=1,214,890=0.72%
Claymore ETF Tr 2-Guggenheim Solar ETF=1,052,009=0.62%
Wells Fargo Advantage Small Cap Growth Fd=1,049,400=0.62%
FIDELITY NEW MILLENNIUM FUND=625,000=0.37%
RiverSource Equity Ser-Columbia Mid Cap Growth Opportunitiy=616,928=0.37%
OPPENHEIMER MAIN STREET SMALL & MID CAP FUND=530,890=0.31%
MORGAN STANLEY INST FD INC-EMERGING MARKETS PORT=528,200=0.31%
Claymore ETF Tr-Guggenheim BRIC ETF=353,880=0.21%
Balance Sheet:
Total Assets =$1,077,340
Total Liabilities =$386,643
Total Stockholder Equity =$690,697
Net Tangible Assets =$688,946
Weighted average number of outstanding shares:161,643,312
Business Risks:
1) Competition.
2) Change in government policies such as reduction of subsidies.
3) Customers unwilling to finance the cost of such product.
4) Overdependency on a small niche of customers.
5) Ever changing technology.
6) Exchange rate.
7) Failure to protect intellectual property rights.
8) Counterparty risks through procurement of supplier.
9) Key personnel.
In the event the above risks are not well managed,the company's revenue will be drastically affected.
JA Solar (Nasdaq: JASO) is set to post a record quarter when it reports its Q4 2010 earnings next week. In fact, it should mark a record year across numerous metrics such as shipments, revenues, and most importantly, net income.
Friday's candlestick has fully covered last November's candle body.What is remaining to short-cover is the upper shadow up till $9.77 and might easily move into a breakout.
It's a strong buy signal.Any pullback will be technically minimal.

Friday 18/2/11(Index/Options Futures Expiry Day)
9:30am:--A mild bearish gap down followed by a bullish engulfing. The International Monetary Fund said the United States' policy of quantitative easing could cause a destabilising flood of capital, though it conceded this had not happened so far.

10:30am:--Session high,bullish spin. Group of 20 meeting will be on investors' radar screens this weekend.

11:30am:--Morning high followed by bearish spike down.For the past two days,the Dow volume was extremely low and the market can be easily cornered.

12:30noon:--No sign of pullback,another high point.

1:30pm:--From the morning high,the noon session opens with a low.Bearish engulfing.

2:30pm:--A pullback to session bull pivot support.A dragonfly doji checkmate.

3:30pm:--Holding at the high for a third time.

4:00pm:--Inverted bull ending with a runaway bull.There is a gap up here so the gap will be covered back as this is a bull trap.

A three straight sets of gains for the week bringing the Dow to another fresh multi-year highs.

With a very light trading volume for the past few days,the market is being manipulated by certain authority.This is a so call confidence building.
The market’s advance on Friday came even as China’s central bank said it will raise banks’ reserve-requirement ratio by half a percentage point, the second increase this year to withdraw excess liquidity from the economy and curb inflation. The move weighed on the materials sector, which gets much of its demand from China, but the rest of the market shrugged it off.