Another Chinese Solar Giant Is Going Private
The Chinese solar industry has long had trouble turning tremendous growth into profits or high valuations on U.S. stock exchanges. That's one reason there's now a trend of taking the few remaining Chinese solar manufacturers private and away from the scrutiny of the market.
JA Solar (NASDAQ: JASO) is the latest to get an offer from management to go private, which will value the company at just $362.1 million, or $7.55 per share. That seems crazy for a company with $2.6 billion in revenue over the past year, but it's where the solar industry is today. Here's a look at this deal and what it may mean for the solar industry more broadly.
Image source: Getty Images.
Source: Fool.com
