Jinkosolar (JKS)
NYSE:JKS
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JinkoSolar
(NYSE:JKS)
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Rating:61Neutral
Price Target:
$29.00
▲(23.93% Upside)
Action:ReiteratedDate:11/21/25
JinkoSolar's overall stock score reflects a cautious outlook. The most significant factor is the financial performance, which shows declining profitability and high leverage. Technical analysis provides a slightly positive outlook, while the valuation is concerning due to a negative P/E ratio. The earnings call offers some optimism with strategic shifts and operational achievements, but challenges remain.
Positive Factors
Scale & Market Leadership
Leading cumulative shipments and top global ranking reflect durable scale advantages: lower per-unit costs, stronger supplier leverage, broad customer relationships and preferred status in large project tenders. Scale underpins long-term competitiveness in module manufacturing.
Negative Factors
Rising Net Debt
Elevated and rising net debt increases refinancing and interest-rate sensitivity for a cyclical manufacturer. High leverage limits strategic optionality, raises funding costs for capacity expansions and ESS investments, and heightens solvency risk during industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Market Leadership
Leading cumulative shipments and top global ranking reflect durable scale advantages: lower per-unit costs, stronger supplier leverage, broad customer relationships and preferred status in large project tenders. Scale underpins long-term competitiveness in module manufacturing.
Read all positive factors
JinkoSolar (JKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.27B
Dividend Yield10.19%
Average Volume (3M)499.28K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth-34.29%
EPS Growth-732.90%
CountryUS
Employees33,830
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)N/A
Shares Outstanding51,652,440
10 Day Avg. Volume507,975
30 Day Avg. Volume499,279
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.12
Price to Sales (P/S)0.03
P/FCF Ratio0.32
Enterprise Value/Market Cap22.18
Enterprise Value/Revenue0.56
Enterprise Value/Gross Profit17.41
Enterprise Value/Ebitda-6.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JinkoSolar Business Overview & Revenue Model
Company Description
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and s...
How the Company Makes Money
JinkoSolar generates revenue primarily through the sale of solar modules and related products. The company's revenue model is largely driven by the production and distribution of photovoltaic cells and panels, which are sold to distributors, insta...
JinkoSolar Key Performance Indicators (KPIs)
Any
Total MW Shipments
Measures the total megawatts of solar panels shipped, indicating the company's market reach and demand for its products. A higher number suggests strong sales performance and competitive positioning in the solar industry.
Measures the total megawatts of solar panels shipped, indicating the company's market reach and demand for its products. A higher number suggests strong sales performance and competitive positioning in the solar industry.
Data provided by:
The Fly
The FlyJinkoSolar Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
55
Neutral
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.65B | 92.26B | 118.68B | 83.13B | 40.83B | 35.13B |
| Gross Profit | 1.62B | 10.06B | 19.05B | 12.28B | 6.66B | 6.17B |
| EBITDA | -4.30B | 9.22B | 16.85B | 5.82B | 3.73B | 2.63B |
| Net Income | -2.55B | 54.54M | 3.45B | 620.51M | 721.02M | 230.38M |
Balance Sheet | ||||||
| Total Assets | 120.84B | 124.88B | 135.83B | 108.66B | 72.98B | 53.23B |
| Cash, Cash Equivalents and Short-Term Investments | 23.44B | 25.98B | 17.08B | 10.35B | 8.47B | 8.05B |
| Total Debt | 49.37B | 47.85B | 56.79B | 47.78B | 37.29B | 27.62B |
| Total Liabilities | 90.73B | 90.64B | 102.30B | 81.66B | 58.70B | 40.24B |
| Stockholders Equity | 17.10B | 19.90B | 20.16B | 16.34B | 11.05B | 9.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.48B | -2.02B | -18.05B | -8.22B | -3.54B |
| Operating Cash Flow | 0.00 | 16.85B | 13.83B | -5.80B | 430.65M | 591.49M |
| Investing Cash Flow | 0.00 | -2.90B | -15.16B | -12.27B | -11.31B | -4.92B |
| Financing Cash Flow | 0.00 | -6.27B | 8.64B | 20.02B | 12.02B | 6.30B |
JinkoSolar Technical Analysis
Positive
23.40
Price Trends
26.20
Negative
26.53
Negative
24.70
Positive
Market Momentum
-0.28
Negative
50.88
Neutral
79.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JKS, the sentiment is Positive. The current price of 23.4 is below the 20-day moving average (MA) of 24.79, below the 50-day MA of 26.20, and below the 200-day MA of 24.70, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 50.88 is Neutral, neither overbought nor oversold. The STOCH value of 79.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JKS.
JinkoSolar Risk Analysis
JinkoSolar disclosed 85 risk factors in its most recent earnings report. JinkoSolar reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JinkoSolar Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $4.96B | 27.11 | 18.25% | ― | 20.97% | 226.98% | |
62 Neutral | $3.12B | -4.26 | -80.50% | ― | -0.14% | 66.71% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $1.27B | -0.75 | -18.83% | 10.19% | -34.29% | -732.90% | |
47 Neutral | $2.95B | 9.51 | 15.46% | ― | 13.79% | -527.48% | |
44 Neutral | $900.78M | -4.66 | -3.69% | ― | -4.46% | 1645.26% | |
42 Neutral | $25.01M | -0.39 | 194.99% | ― | -54.68% | 63.56% |
* Technology Sector Average
JKS
JinkoSolar
25.29
6.86
37.24%
CSIQ
Canadian Solar
13.45
4.22
45.72%
ENPH
Enphase Energy
37.84
-23.81
-38.62%
SEDG
SolarEdge Technologies
51.76
35.91
226.56%
RUN
Sunrun
12.60
6.66
112.12%
MAXN
Maxeon Solar Technologies
1.48
-1.45
-49.49%
JinkoSolar Corporate Events
JinkoSolar Flags Multi-Billion-RMB 2025 Loss at Core Subsidiary Jiangxi Jinko
Jan 21, 2026
On January 21, 2026, JinkoSolar announced that its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), expects to report a substantial preliminary unaudited net loss attributable to its shareholders for the full y...
JinkoSolar Shareholders Approve All Resolutions at 2025 AGM
Dec 29, 2025
On December 29, 2025, JinkoSolar Holding Co., Ltd. reported that all resolutions presented at its 2025 annual general meeting held the same day were approved by shareholders, reinforcing continuity in its governance and oversight. Investors endors...
JinkoSolar Reports Q2 and Q3 2025 Financial Results, Highlights Growth in Energy Storage
Nov 17, 2025
On November 17, 2025, JinkoSolar announced its financial results for the second and third quarters of 2025. The company reported a significant achievement in becoming the first module manufacturer to deliver a total of 370 GW of solar modules. Des...
JinkoSolar Subsidiary Reports Q3 2025 Financial Losses
Oct 30, 2025
On October 30, 2025, JinkoSolar’s subsidiary, Jinko Solar Co., Ltd., announced its unaudited financial results for the third quarter ending September 30, 2025. The results, prepared under PRC GAAP, revealed a decline in total assets and equi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.