JinkoSolar Holding Co., Ltd.NYSE
JinkoSolar Delivers Yet Another Strong Quarter
EnerTuition • 12 Comments
EnerTuition • 12 Comments
JinkoSolar: Ignore The Market And Buy The Stock
EnerTuition • 30 Comments
EnerTuition • 30 Comments
Fri, Nov. 25, 12:19 PM
Wed, Nov. 16, 12:47 PM
- JinkoSolar (JKS +4.8%) enjoys strong gains after reporting better than expected Q3 earnings and revenues.
- JKS says the Y/Y revenue increase was due mainly to the increase in revenues from electricity generation and solar module shipments growing at a faster pace than the decline in average selling prices; however, revenues were lower Q/Q due to the lower module selling prices.
- Total Q3 solar module shipments were 1,606 MW, down 6.4% Q/Q and up 41.6% Y/Y; JKS solar power projects generated 395 GWh of electricity, up 20.8% Q/Q and 69% Y/Y.
- JKS estimates Q4 total solar module shipments of 1.7-1.8 GW, and raises its FY 2016 shipment guidance to 6.6-6.7 GW from an earlier outlook of 6.0-6.5 GW.
Wed, Nov. 16, 9:17 AM
- Gainers: GLBS +58%. SINO +45%. GSL +39%. DCIX +39%. STEM +30%. ESEA +22%. SHIP +20%. NM +19%. DAC +19%. ORIG +19%. LEI +18%. TOPS +16%. NMM +18%. SB +15%. SBLK +11%. DSX +9%. JKS +9%. GNK +9%. YRD +7%. TGT +8%. GOGL 8%. EGLE 6%. SAEX 7%. RPRX 7%. NNA 7%. HTBX 7%. NAK 6%.
- Losers: PDLI -15%. LNTH -11%. FLXN -9%. AQMS -7%. VSAT -6%. SID -5%.
Wed, Nov. 16, 5:59 AM
Tue, Nov. 15, 5:30 PM
Tue, Nov. 15, 7:35 AM
- JinkoSolar (NYSE:JKS) has completed the sale of all of the 55% equity interest it indirectly held in Jiangxi JinkoSolar Engineering Co. to Shangrao Kangsheng Technology.
- As a result of the sale, JinkoSolar spun off its downstream business of Jinko Power and received $250M in cash.
- JKS +1.4% premarket
Wed, Oct. 5, 3:02 PM
Thu, Sep. 15, 7:12 AM
- JinkoSolar (NYSE:JKS) has entered into a Master Module Supply Agreement with Consolidated Edison Development, a New York operator of large-scale renewable energy projects.
- In accordance with the MSA and multiple purchase order, JinkoSolar will supply high-efficiency polycrystalline 72-cell modules, totaling approximately 560 MW in capacity, to CED through August 2017.
- JKS +0.6% premarket
Thu, Aug. 25, 3:00 PM
Thu, Aug. 25, 9:16 AM
Thu, Aug. 25, 6:56 AM
Wed, Aug. 24, 5:30 PM
Wed, Aug. 24, 11:57 AM
- Solar manufacturers (TAN +0.2%) racing to build bigger and more advanced factories to crank out panels faster and cheaper are about to face a looming glut just as the panels start rolling off the assembly line, according to a Bloomberg report.
- At the same time, demand is slowing in China, the world’s largest market, where the government is reducing subsidies for solar farms commissioned after June 30, which fueled a rush of projects during H1 as developers added as much as 22 GW before the subsidy expired.
- Canadian Solar (CSIQ -2.3%) is building a a 350 MW facility in Brazil, and JinkoSolar (JKS -1.2%) is expanding output from a 450 MW factory that went into operation in Malaysia last year.
- Trina Solar (TSL -0.2%), the world’s largest panel maker, said yesterday that Q3 shipments would fall as much as 6.5% to 1.55-1.65 GW, while it has increased production capacity 7.1% after opening a 500 MW factory in Thailand in March; Yingli Green Energy (YGE -1.7%) said yesterday that it expects shipments to slip as much as 54% in the current quarter.
Wed, Aug. 3, 2:38 PM
- The solar industry (TAN +1.5%) is facing a "challenging" time ahead, and solar companies likely will be hurt by tighter regulations going forward, Morgan Stanley warns, adding that China, Japan and Europe are the markets most likely to be affected but that the U.S. also faces "tactical regulatory headwinds in the near-term."
- Stanley downgrades Canadian Solar (CSIQ -0.4%) to Underweight from Overweight with a $12.80 price target, slashed from $24, as one of the companies most at risk from coming pricing pressures.
- However, the firm believes sales diversity and focus on systems put SunPower (SPWR +1.9%) in a favorable position ahead of the tough oversupply environment in 2017, and likes JinkoSolar (JKS +1.5%) as the preferred choice among Chinese module manufacturers; both companies are maintained at Overweight but with reduced price targets of $27 for SPWR and $27.20 for JKS.
- Meanwhile, advances that First Solar (FSLR +3%) plans to make to its modules should enable its margins to rise in 2019-20, the firm says, rating shares at Equal Weight with a $59 price target, cut from $63.
Fri, Jun. 24, 2:10 PM
- Needham solar analyst Edwin Mok sees significant implications for the industry from the Brexit vote, amplifying bearishness on several names.
- The biggest hit will come for module and inverter makers like First Solar (FSLR -5.3%), along with Chinese makers, including Trina Solar (TSL -4.5%), JinkoSolar (JKS -5.6%), Canadian Solar (CSIQ -10.4%) and JA Solar (JASO -4.1%), he writes. A weaker euro means price impact: "Additionally, if Brexit results in slower demand, it could exacerbate module oversupply just as multiple producers are adding capacity. This in turn could also drive prices lower."
- A notable exception for Mok is SolarEdge (SEDG -4.5%), for which he maintains a Buy. Still: "The vast majority of [SEDG] sales are priced in the euro. With limited cost infrastructure in Europe as a natural hedge, weakness in the euro would have a direct impact to SEDG’s bottom line."
- And U.S. firms like SolarCity (SCTY -2.4%), Sunrun (RUN -7.4%) and Vivint (VSLR -4.7%) could benefit with zero international exposure and possibly lower costs of capital.
Fri, Jun. 3, 2:11 PM
- Solar stocks are lower today alongside Roth Capital's bearish report on the sector: Trina Solar (NYSE:TSL) is off 6%, JA Solar (NASDAQ:JASO) is 6.4% lower, Yingli Green Energy (NYSE:YGE) is down 2.4%, and JinkoSolar Holdings (NYSE:JKS) is down 2.5%.
- “Heading into H2’16, we are cautious on our entire group of upstream manufacturers given the threat of overcapacity in Q3 as demand in China weakens,” says Roth's Philip Shen.
- The firm downgraded Trina Solar to Neutral with concerns about ASP declines, and lowered its price target to $8 from $12 (now implying 6% upside from today's lowered price). Exposure to the U.S. market might give Trina some protection against the Chinese demand threat.
- Meanwhile, a difference in exposure has Roth very concerned about JA Solar -- also downgraded to Neutral with an $8 price target (now 9% upside from today's lower price). There's limited visibility into second-half bookings, and again: “As a Tier 1 manufacturer, we believe the company will be able to sell all the product it produces. The issue will be one of ASPs, in our view."
- JinkoSolar fares better, maintained at Buy but with a lower price target as well (to $30 from $35, implying 41.7% upside). Margins and improving geographic diversification put the firm in better position than peers, Shen says. Demand's still a worry “given the potential for an air pocket due to the FIT cut in China expected at the end of June."