Shareholder’s Alert: JA Solar Holdings Co., Ltd. (ADR)(NASDAQ:JASO), Plains All American Pipeline, L.P. (NYSE:PAA)

On Tuesday, Shares of JA Solar Holdings Co., Ltd. (ADR)(NASDAQ:JASO), included 2.27% and shut at $5.40 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $5.25 and $5.40. JA Solar Holdings Co., Ltd. (JASO) (“JA Solar” or the “Company”), one of the world’s leading manufacturers of high-performance solar power products, recently declared its unaudited financial results for its third quarter ended September 30, 2016.

Third Quarter 2016 Highlights

Total shipments were 1,240.9 megawatts (“MW”), nearly all of which were modules and cells shipped to external customers. External shipments were up +10.1% y/y and up +0.9% sequentially

Shipments of modules and module tolling were 1,200.0 MW, a boost of +11.8% y/y and +5.8% sequentially

Shipments of cells and cell tolling were 40.9 MW, a decrease of 22.8% y/y and 57.0% sequentially

Net revenue was RMB 4.2 billion ($624.3 million), a boost of +9.0% y/y and +1.2 % sequentially

Gross margin was 13.8%, a decrease of 390 basis points y/y and 150 basis points sequentially

Operating profit was RMB 121.4 million ($18.2 million), contrast to RMB 299.1 million ($44.9 million) in the third quarter of 2015, and RMB 188.0 million ($28.2 million) in the second quarter of 201

Shares of Plains All American Pipeline, L.P. (NYSE:PAA), subtract -1.40% and shut at $31.79 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $31.33 and $32.40. The association’s commercial center capitalization is $13.56 Billion with the general uncommon loads of 412.96 million. Plains All American Pipeline, L.P. (NYSE: PAA) recently declared that it has accomplished an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% with a yield to maturity of 4.535%.

Total net proceeds of the offering were about $741.3 million. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its senior unsecured revolving credit facility and commercial paper program and for general partnership purposes. Amounts repaid under the Partnership’s senior unsecured revolving credit facility and commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program, future acquisitions and investments or for general partnership purposes.

Leave a Reply

Your email address will not be published. Required fields are marked *