Stock Alert: JASO, SOL, VSLR
by Harris Roen Editor
Roen Financial Report
Wednesday, November 18, 2015
Today’s Alert:
JA Solar Holdings Co, Ltd (JASO)
ReneSola Ltd (ADR) (SOL)
Vivint Solar Inc (VSLR)
One American solar developer and two Chinese solar manufactures react to earnings reports.
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| Third quarter earnings results cause JA Solar stock to drop slightly, despite a surge in revenues and profits. Net income is up 60% year-over-year, and revenues have increased 26%. Solar cell and module shipments are up over 40% for the quarter and from the previous year. JASO stock is up 24% in the past three months, but is trading flat for the year. | Press release |
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| Chinese solar company ReneSola trades down slightly on a mixed earnings report. Revenues are up 37% for the quarter, but are flat year-over-year. Net income turns positive. This volatile penny stock is down 39% for the year, but is up 43% since its lows in September. | Press release |
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| Solar installer and distributor Vivint Solar tumbles 23% to an all-time low. Its earnings release shows revenues have almost tripled compared to the same quarter last year, but net losses remain flat. VSLR stock is off 54% from its IPO high in 2014. | SEC filing |
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