QUOTE AND NEWS
Benzinga  Jun 5  Comment 
Companies Reporting Before The Bell JinkoSolar Holding Co., Ltd. (NYSE: JKS) is projected to report quarterly earnings at $0.41 per share on revenue of $778.60 million. Supercom Ltd (NASDAQ: SPCB) is expected to report a quarterly loss at...
Benzinga  May 31  Comment 
Analyst at Morgan Stanley are not optimistic about Chinese utility company JinkoSolar Holding Co., Ltd. (NYSE: JKS) after double-downgrading its rating from Overweight to Underweight. Justification For Significant Downgrade The...
Motley Fool  May 26  Comment 
Two downgrades hit this solar manufacturer ahead of a big earnings report.
Benzinga  May 26  Comment 
JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares are being hammered on Friday against a double downgrade by Morgan Stanley. The lowered opinion was based on weak prognostication for the company's first-quarter results. Q1 Net Profit To Be 50...
Motley Fool  Mar 22  Comment 
Canadian Solar may be one of the biggest solar manufacturers in the world, but that doesn't guarantee success in a highly competitive industry.
Motley Fool  Mar 9  Comment 
Earnings weren't great, but it was hope for the future that investors were betting on in solar last month.




 
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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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