QUOTE AND NEWS
Motley Fool  Feb 7  Comment 
JinkoSolar is building a new manufacturing plant in the U.S., but it wants shareholders to pay for it with a new share offering.
Benzinga  Sep 21  Comment 
Despite trading up 75 percent year to date, JinkoSolar Holding Co., Ltd. (NYSE: JKS) suffers enduring analyst skepticism. Axiom’s Gordon Johnson initiated coverage with a Sell rating and $10 price target Thursday, adding to the Street’s two...
Benzinga  Sep 7  Comment 
On Wednesday and Thursday, JinkoSolar Holding Co., Ltd. (NYSE: JKS) recovered all of its initial post-earnings losses, but Axiom analyst Gordon Johnson says Jinko and other solar vendors with exposure to the Chinese module market have plenty more...
Motley Fool  Aug 5  Comment 
Small caps may not excite billionaire investors, but they can be big winners for smaller investors. Here are three great picks to buy today.




 
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JinkoSolar Holding (JKS) (NYSE:JKS) manufactures silicon wafers, solar cells and solar modules. Its operations are based in Jiangxi and Zhejiang province in China. Silicon wafers are thin sheets of crystalline silicon material used to produce solar cells. Solar cells convert sunlight into electricity. The company has over 440 customers worldwide. [1]

The global recession and harsh credit markets caused the demand to fall for the solar industry, especially the 2nd half of 2008 and 1st half of 2009. However, the governments across the world, including United States, South Korea, Germany, and others, have created incentive policies for companies and customers to implement solar technology. These incentive plans have helped a rapid adoption of solar technology. [1]

The company's initial public offering of stock filed on the NASDAQ and went public on 14 May 2010. It priced at $11.00, the low part of the initial offer range $11-$13. The company offered 5.8 million shares to raise $64 million. [1]

For FY2009 with year ended 31 December 2009, the company's revenue decreased from 2.18 billion RMB in FY2008 to 1.57 billion RMB in FY2009, falling 28%. Furthermore, the company's net income fell from 219.3 million RMB to 85.4 million RMB in the same period, falling 61%. The global recession attributed to the steep fall in revenue. [1]

References

  1. 1.0 1.1 1.2 1.3 JinkoSolar Holding F-1/A
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