Jetion (AIM:JHL) - surely the fall in the share price is unwarranted with all the good news coming from the solar industry
I see that shares in Jetion Holdings, the AIM quoted manufacturer of solar cells and modules, had a poor day, falling just over 8% on generally very thin volume.
Bizarrely the dramatic fall in share price followed extremely positive news from the German solar cell manufacturers today and even more positive news from the US listed Chinese groups a week or so ago.
Even in the current market the fall in share price is surely undeserved given all the good news in this industry.
Q-Cells (QCE.F), the Frankfurt listed manufacturer of solar cells today raised its forecast for full-year sales to 800 million euros, compared with an earlier estimate of 750 million euros. One analyst at Credit Suisse who rates the shares confirmed that the results were ‘better than expected’.
Recent news from the US was also very positive with Nasdaq listed JA SOLAR (JASO) announcing on 8th August 2007 that it was raising its revenue guidance for 2007 based on current market conditions and customer forecasts. JA Solar is similar to Jetion in terms of size, scope of activities and stage of development.
JA Solar raised its outlook to a range between US$300 million and US$310 million having previously estimated that revenue would be between US$280 million and US$290 million for the year.
On 9th August 2007 NYSE listed solar panel maker Suntech Power Holdings (STP) also announced higher second-quarter earnings that beat analysts' expectations on strong demand for its photovoltaic modules in international markets.
Am I missing something?
Bizarrely the dramatic fall in share price followed extremely positive news from the German solar cell manufacturers today and even more positive news from the US listed Chinese groups a week or so ago.
Even in the current market the fall in share price is surely undeserved given all the good news in this industry.
Q-Cells (QCE.F), the Frankfurt listed manufacturer of solar cells today raised its forecast for full-year sales to 800 million euros, compared with an earlier estimate of 750 million euros. One analyst at Credit Suisse who rates the shares confirmed that the results were ‘better than expected’.
Recent news from the US was also very positive with Nasdaq listed JA SOLAR (JASO) announcing on 8th August 2007 that it was raising its revenue guidance for 2007 based on current market conditions and customer forecasts. JA Solar is similar to Jetion in terms of size, scope of activities and stage of development.
JA Solar raised its outlook to a range between US$300 million and US$310 million having previously estimated that revenue would be between US$280 million and US$290 million for the year.
On 9th August 2007 NYSE listed solar panel maker Suntech Power Holdings (STP) also announced higher second-quarter earnings that beat analysts' expectations on strong demand for its photovoltaic modules in international markets.
Am I missing something?