JA Solar Holdings Co., Ltd. (NASDAQ: JASO) and MEMC Electronic Materials Inc. (NYSE: WFR) are offering some positive support to each other after announcing a joint venture agreement. The J-V agreement is between JA Solar and MEMC’s affiliate called MEMC Singapore and it will build and operate a solar cell production facility in China. The joint venture will be a 50/50 partnership between JA Solar and MEMC Singapore.
In Phase One, the J-V will build a production facility with a capacity of 250 megawatts of photovoltaic cells. The production facility will be located at JA Solar’s Yangzhou site and is expected to begin commercial production in the second half of 2011. In later phases, total production capacity may be expanded up to 1GW.
So far this is being viewed as more of a win for JA Solar as its shares are higher. Shares are up 1.7% at $7.12 and against a 52-week range of $4.22 to $10.24. MEMC Electronic Materials has not yet traded after a close of $12.95 on Friday against a 52-week range of $9.19 to $16.99.
In the past this might have caused more reaction in the share prices. That was then, this is now.
JON C. OGG
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
