Another Chinese Solar Giant Is Going Private
![Another Chinese Solar Giant Is Going Private Another Chinese Solar Giant Is Going Private](https://g.foolcdn.com/editorial/images/464239/gettyimages-484621671.jpg)
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