No Power Outage At JA Solar (JASO)

Shares of JA Solar

are surging higher today, on the company reporting it's already booked more than 500 megawatts worth of cell shipments for 2011. "We are seeing very strong demand for our technologically advanced, high-quality products from our diverse global customer base," said Peng Fang, CEO of JA Solar, in a statement. "We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry," Fang said. Shares are skyrocketing on very strong volume today. JASO is up 8.5% to $7.03 on more than 9.3 million shares. The average daily volume for JA Solar is just under 6.5 million shares for an entire trading day.