China’s JA Solar Holdings (JASO.NASDAQ) has raised its estimate of third-quarter shipments by 9%, Reuters reported. Sales of solar equipment have shot up this year as buyers rushed to cash in on subsidies in Germany and elsewhere in Western Europe before the subsidies are cut back. JA Solar now predicts third-quarter shipments to exceed 410MW, up 30% from shipments in the second quarter. Two months ago the company raised its annual sales outlook to 1.35 gigawatts, up from 1GW. Chinese competitor LDK Solar (LDK.NASDAQ) has also signaled strong demand for its products. Shares of JA Solar rose 4% in premarket trade to US$8.75 per share.
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