QUOTE AND NEWS
Forbes  Jun 24  Comment 
Bearish options traders and short sellers have swarmed struggling JinkoSolar Holding Co., Ltd. More downside could be ahead, if analysts throw in the towel on the solar stock.
Benzinga  Jun 3  Comment 
JinkoSolar Holding Co., Ltd. (NYSE: JKS) reported its Q1 results ahead of expectations, while issuing a robust Q2 guidance. ROTH Capital’s Philip Shen maintained a Buy rating on the company, while lowering the price target from $30 to...
newratings.com  May 27  Comment 
BEIJING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) released earnings for its first quarter that advanced from last year. The company said its bottom line climbed to RMB414.63 million, or RMB11.20 per share. This was higher than RMB171.19...
newratings.com  May 10  Comment 
BEIJING (dpa-AFX) - Chinese photovoltaic company JinkoSolar Holding Co., Ltd. (JKS) announced Tuesday that its subsidiary, JinkoSolar (U.S.) Inc., has entered into a Master Purchase Agreement with CivicSolar, Inc., a full service solar distributor...
Motley Fool  Apr 7  Comment 
Solid earnings couldn't help keep JinkoSolar Holding Co., Ltd. shares from sliding last month.
Motley Fool  Mar 6  Comment 
Operations are improving at JinkoSolar Holding and that has investors excited today.
newratings.com  Mar 1  Comment 
BEIJING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) announced earnings for its fourth quarter that climbed compared to the same period last year. The company said its bottom line came in at RMB503.49 million, or RMB15.72 per share. This was...




 
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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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