JinkoSolar (NYSE:JKS – Get Free Report) posted its quarterly earnings results on Friday. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.11) by $2.09, reports. JinkoSolar had a negative net margin of 5.85% and a negative return on equity of 10.03%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.42 billion.
Here are the key takeaways from JinkoSolar’s conference call:
- Positive Sentiment: Third-quarter performance improved substantially, with gross margin rising to 12.3% from 4.2% in Q2, while adjusted net loss narrowed to $1.2 million from $134 million sequentially. Lower operating expenses and greater contributions from high-efficiency modules and energy storage drove the improvement.
- Positive Sentiment: Energy storage gained momentum, generating approximately 1.75 GWh of recognized revenue and positive operating profit for the first time. Management expects roughly 10 GWh of system shipments for full-year 2026, although revenue recognition will lag shipments because projects typically require six to 12 months for acceptance and commissioning.
- Positive Sentiment: High-efficiency Tiger Neo 3.0 module shipments exceeded 5 GW in Q3, representing about 30% of volume and commanding an approximately $0.01-per-watt premium; the mix is expected to reach roughly 40% in Q4. Management expects module shipments of 16–18 GW in Q4 and believes pricing has bottomed and may stabilize or recover in 2027.
- Negative Sentiment: Q4 margins face pressure from a higher share of China shipments, deliveries under previously signed long-term contracts, elevated logistics and energy costs, and volatile commodity prices. Management said gross margin may still benefit from higher-margin products and storage, but overall expansion is uncertain.
- Neutral Sentiment: The company is broadening its strategic investment focus beyond solar and storage into AI, semiconductors, advanced materials, and other frontier technologies. Its portfolio had approximately RMB 2.05 billion in fair value at quarter-end and generated RMB 327 million of gains in the first nine months, but management emphasized selective capital deployment and ongoing portfolio exits.
JinkoSolar Stock Performance
JinkoSolar stock traded up $0.43 during mid-day trading on Friday, hitting $8.66. 590,520 shares of the company’s stock traded hands, compared to its average volume of 725,454. The company has a market cap of $459.89 million, a PE ratio of -0.92 and a beta of 0.52. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 1.10. JinkoSolar has a one year low of $7.82 and a one year high of $31.88. The firm has a 50 day moving average price of $10.50 and a 200 day moving average price of $19.19.
Wall Street Analyst Weigh In
JKS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of JinkoSolar in a research note on Monday, August 3rd. Zacks Research raised JinkoSolar from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen cut shares of JinkoSolar from a “sell” rating to a “strong sell” rating in a research report on Monday. Roth Capital reduced their price objective on JinkoSolar from $25.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group set a $11.00 target price on shares of JinkoSolar in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.88.
Get Our Latest Research Report on JinkoSolar
About JinkoSolar
JinkoSolar Holding Co, Ltd. is a global solar photovoltaic (PV) manufacturer that develops and produces products used to convert sunlight into electricity. The company’s portfolio includes silicon wafers, solar cells, PV modules and related energy-storage products, serving utility-scale solar projects as well as commercial, industrial and residential customers.
Founded in 2006, JinkoSolar has developed a vertically integrated manufacturing business spanning much of the solar supply chain.
Featured Stories
- Five stocks we like better than JinkoSolar
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.
