Friday, December 14, 2007

JA Solar (NASDAQ:JASO): Piper Jaffray ups tgt to $100!

- Piper Jaffray is out with a major call on JA Solar (NASDAQ:JASO) upping their tgt to $100 from $70 saying meetings with JASO and Shunda give them increased confidence in JASO's nearand long-term prospects; they raise 2008 and 2009 estimates.

Firm adds JASO to the Piper Jaffray Alpha List based on potential upside to Q407 consensus estimates of $0.36/$117M, on greater-than-expected production, and on higher ASPs (FX), inventory sales and flat wafer costs.

Other near-term catalysts include potential for new wafer contract(s), new sales contracts with an expanded customer base, and a lower-than-expected tax rate during 2008.

Notablecalls: What can I say, be early and agressive. This one will fly $4-$5 bucks today. Actionable trading call!

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