SOURCE: The Bedford Report

The Bedford Report

October 27, 2011 08:16 ET

ReneSola and JA Solar Poised for Growth as EU Debt Negotiations Turn Positive

The Bedford Report Provides Equity Research on ReneSola & JA Solar

NEW YORK, NY--(Marketwire - Oct 27, 2011) - Solar stocks have been crushed in recent months as worries regarding the Eurozone's debt raised concerns on solar's growth prospects. Solar stocks are finally showing signs of recovery this week as EU debt negotiations are showing some progress towards an agreement. The Bedford Report examines the outlook for companies in the Solar Industry and provides investment research on ReneSola Ltd. (NYSE: SOL) and JA Solar Holdings Co. Ltd. (NASDAQ: JASO). Access to the full company reports can be found at:

Based on a study looking at five major solar markets -- Germany, Italy, France, Spain and Britain -- the European Photovoltaic Industry Association (EPIA) said that power generated from solar modules in Europe could be competitive in relation to conventional forms of energy by the end of the decade. "Under the right policy and market conditions, PV competitiveness with grid electricity can be achieved in some markets as early as 2013, and then spread across the continent in the different market segments by 2020," EPIA said.

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ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. Last month the company extended its formal congratulations to Enerparc, a leading EPC company in Germany, for constructing and operating a large-scale solar power plant in Gahro, Germany. In June, ReneSola shipped to Gahro 16.23 MW of its standard Multi modules, comprised of 230W, 235W and 240W modules, and 11.23 MW of its Virtus modules, comprised of 235W, 240W and 245W modules, which were installed in August.

JA Solar Holdings Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and sale of photovoltaic solar cells and solar products, which convert sunlight into electricity in the People's Republic of China. Apart from Europe, JA Solar is also expanding its customer base worldwide and experiencing strong growth in several geographic end markets including, U.S., Canada, Italy, Japan, Australia, China and India.

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