JinkSolar sells off in spite of Q4 beat

A Q4 beat and fairly healthy guidance weren't able to prevent JinkoSolar (JKS -6.1%) from selling off today. The Chinese solar module vendor expects 2014 shipments of 2.3GW-2.5GW, up from a 2013 level of 1.77GW. Shipments for seasonally weak Q1 are expected to total 440MW-470MW.

533.3MW of modules were shipped in Q4, beating guidance of 500MW-530MW. Gross margin rose to 24.7% from 22.3% in Q3 and a mere 3.8% a year ago.

Jinko says it now has a pipeline of 700MW worth of utility-scale solar projects, and 400MW worth of distributed solar projects. The company connected 108MW of systems to the grid in Q4, and recognized $4.9M in electricity revenue.

Q4 results, PR, CC transcript

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Comments (2)
  • moreofthesame
    , contributor
    Comments (739) | Send Message
    There is an issue with chinese solars and US solars. First Solar reported weaker and yet is down less than JKS. Sunpower same thing, besides, TSL is coming out with a high efficiency cell which will compete with Sunpower and still Sunpower is barely down. It doesn't make sense. Politics is the only thing that comes to mind.
    3 Mar 2014, 07:51 PM Reply Like
  • gr8diver2000
    , contributor
    Comments (11) | Send Message
    It may have had something to do with the earnings call. The person answering questions was not exactly a fluent English speaker and kept giving canned answers that had nothing to do with the questions being asked. When people pressed him for an answer, he would get defensive, which made his lack of an answer seem really evasive. Personally I think it was just a language barrier, but it could have easily been interpreted as evasiveness or blatant incompetence. I really don't understand why they couldn't get someone fluent in English to take questions.
    4 Mar 2014, 01:30 AM Reply Like
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