The Zacks Analyst Blog Highlights: FedEx, JA Solar Holdings, ReneSola, First Solar and SunPower

 The Zacks Analyst Blog Highlights: FedEx, JA Solar Holdings, ReneSola, First
                              Solar and SunPower

PR Newswire

CHICAGO, March 8, 2013

CHICAGO, March 8, 2013 /PRNewswire/ announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include FedEx Corporation(NYSE:FDX), JA
Solar Holdings Co., Ltd. (Nasdaq:JASO), ReneSola Ltd (NYSE:SOL), First Solar
Inc. (Nasdaq:FSLR) and SunPower Corporation (Nasdaq:SPWR).


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Here are highlights from Thursday's Analyst Blog:

FedEx Sets New Fuel Efficiency Goal

FedEx Corporation(NYSE:FDX), one of the leading package delivery companies
has set a new target of 30% improvement in fuel efficiency of its fleet by
2020. The company raised the fuel efficiency standard by approximately 50%
from the previous 20% target set in 2008 that it has already accomplished.

We believe the company's efforts will not only translate into sustainable
transportation solutions for its customers but will also improve the company's
cost structure in the long run.

Previously in 2012, the company released its fourth annual Global Citizenship
Report, in which it highlighted its activities towards achieving a sustainable
freight transportation system. The report highlighted that FedEx targets
reducing aircraft carbon emissions to 30% by 2020 besides meeting at least 30%
of its jet fuel requirements through alternative fuels by 2030.

We believe that the growing environmental awareness among corporate houses
like FedEx stems from the stringent actions taken by the regulatory
authorities to restrain environmental pollution.

The U.S. government as well as regulatory bodies like the U.S. Department of
Transportation (DOT) and National Highway Traffic Safety Administration
(NHTSA), as well as the U.S. Environmental Protection Agency (EPA) have taken
several measures to curb global warming. One of these key measures remains the
establishment of the National Program in 2009 – an agreement between the
federal government, state regulators and the auto industry.

The national program, also a two-phased program constituted standards for
establishing fuel efficiency improvements in a 30 years span, involving the
first-ever global warming pollution standards for light-duty vehicles.

The key highlights of the first phase (2012-2016) are setting the global
warming pollution standards of 250 grams per mile, on average, for model year
2016 vehicles. In addition, NHTSA requires fuel efficiency standards of an
average of 34.1 miles per gallon in a new vehicle. Cumulatively, these
measures are expected to translate in 23% improvement in new vehicle pollution
standards, representing an average annual improvement of 5% by 2016.

JA Solar Modules Certified for 1000 VDC

The entire range of JA Solar Holdings Co., Ltd.'s (Nasdaq:JASO) modules have
received Underwriters Laboratories ("UL") 1703 certification and ETL
certification in the United States and Canada. Underwriters Laboratories is a
global independent safety science company. Post-certification, the company's
modules are permitted to be used on 1,000 Vdc systems.

To get UL 1703 certification, these modules were tested in Intertek
laboratories. The certification proves that modules from JA Solar Holdings
comply with the requirements of widely accepted product safety standards.

Recently the company's PV modules series have successfully cleared salt mist
corrosion and sulfur dioxide corrosion tests. These tests confirm that JA
Solar's products offer exceptional reliability even in severe environments.

In fact, JA Solar modules are in high demand throughout the world. In January
this year, the company completed the delivery of 9.5 MW of PV modules to the
Volkswagen Solar Park. The 9.5 MW installation consists of 33,600
high-performance multi-crystalline silicon PV modules.

There are other companies in the industry which have also benefited from these
certifications. Last month ReneSola Ltd's (NYSE:SOL) 72-cell polysilicon
modules were certified by UL as meeting required standards for use in PV
systems of up to 1,000 volts. Also, the company's 60-cell and 72-cell modules
were listed by UL as meeting the required standards for use in PV systems of
up to 600 volts.

Earlier, in Oct 2012, First Solar Inc.'s (Nasdaq:FSLR) advanced thin-film
Series 3 photovoltaic (PV) solar modules were provided UL1703 and ULC1703 from
UL to be used in PV systems of up to 1,000 volts.

Based in Ningjin of the Hebei province in the People's Republic of China, JA
Solar Holdings Company Ltd. manufactures high-performance solar cells. JA
Solar's principal customers are solar module manufacturers, who assemble and
integrate its products into modules and systems.

The world is moving towards renewable sources of energy, thereby increasing
the demand for solar modules. The company sells primarily to customers in
China, Europe and the U.S. The company has also entered new markets like
Greece, Portugal, France, Italy and South Korea.

The certification conclusively proves that the modules of JA Solar are fit for
a wide range of solar installations. This official recognition would place the
company in a strong position and boost its module demand.

However, we remain concerned about the industry-wide high inventory level,
tepid module demand in Europe, rising competition, wafer dependency and the
financial stability of its customers. The company presently retains a
short-term Zacks Rank #4 (Sell).

In the near term, we would advise investors to accumulate its short-term Zacks
#2 Rank (Strong Buy rating) peer SunPower Corporation (Nasdaq:SPWR).

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