Solar Industry Sulking Sun Edison Bankruptcy, Bright Spot JASO
JASO also has outperformed its peers in the renewable energy industry, mainly because China is doing whatever it takes to reduce pollution in China. For every dollar JASO spends on revenue it is equally matched with .
JASO is currently extremely undervalued. are next week.
Total Share Outstanding 47.571 million
Current Share Price 7.93 = $377.24 milion market cap
Enterprise Value = 2.07 Billion = stock is 5.5 x undervalued
Sometime in the next 18 months we should see prices closer to enterprise value, and hopefully with continued growth in revenue + improved profit margins. Company is set to nearly double it's productivity capacity for the remaining year now that it has it's second PV manufacturing plant up in running.
China's markets are playing a big role in pricing US-China ADR's. Another reason JASO is under priced is because of recent instability in China equity markets.
Sun Edison one of the largest companies in the solar renewable industry filed for bankruptcy this year. Sun Edison owes JASO 20 million USD, a small amount. Sun Edison borrowed far too much and owed a lot. JASO is not even close to the same level of leverage as its counter part Sun Edison.
The recent fall-out and relation with Sun Edison, however, has investors sidelined on JASO. Investors are probably unaware that JASO is now situated to be the leader in the lowest cost PV manufacturing in the world. JASO's PV's can even compete in a low energy world atmosphere as we have now.