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JinkoSolar
(NYSE:JKS)
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Rating:45Neutral
Price Target:
$16.50
▲(11.49% Upside)
Action:Reiterated
Date:07/26/26
The score is primarily held down by weak financial performance (recent margin collapse, net loss, high leverage, and volatile/negative free cash flow) and a bearish technical setup (price below major moving averages with negative MACD). Valuation is mixed: the negative P/E reflects losses, but the very high dividend yield provides some support if maintainable.
Positive Factors
Global manufacturing scale
A broad manufacturing footprint and extensive overseas subsidiaries provide durable operational scale and geographic diversification. This reduces single‑market exposure, supports logistics and local sales, and enables capacity allocation across regions to serve utility, C&I, and residential demand over multi‑quarter cycles.
Negative Factors
High leverage
Elevated leverage materially increases financial sensitivity to downturns and weak operating results. High debt levels limit strategic flexibility, raise interest and covenant risks, and can force prioritization of deleveraging over growth or R&D if cash generation deteriorates, pressuring long‑term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Global manufacturing scale
A broad manufacturing footprint and extensive overseas subsidiaries provide durable operational scale and geographic diversification. This reduces single‑market exposure, supports logistics and local sales, and enables capacity allocation across regions to serve utility, C&I, and residential demand over multi‑quarter cycles.
Read all positive factors
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 (JKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$825.25M
Dividend Yield17.07%
Average Volume (3M)655.88K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth-22.00%
EPS Growth-92.74%
CountryUS
Employees26,409
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-207.28
Shares Outstanding52,357,338
10 Day Avg. Volume672,117
30 Day Avg. Volume655,884
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.15
Price to Sales (P/S)0.04
P/FCF Ratio-1.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$19.50Price Target Upside31.76% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)-25.42
Revenue Forecast (FY)$74.83B
JinkoSolar Business Overview & Revenue Model
Company Description
JinkoSolar Holding Co., Ltd. and its affiliated companies are primarily involved in the creation, manufacturing, and distribution of photovoltaic goods. Their product portfolio encompasses solar panels, silicon wafers, solar cells, refurbished sil...
How the Company Makes Money
JinkoSolar makes money primarily by selling photovoltaic (PV) products, with revenue largely driven by shipments of solar modules to customers worldwide. Its core revenue stream is the sale of PV modules (finished panels), typically sold under sup...
JinkoSolar Earnings Call Summary
Earnings Call Date:Apr 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Neutral
The call describes a company that retains clear industry leadership and strong technology and product momentum (market share, TOPCon/perovskite R&D, ESS growth, positive operating cash flow), but is facing meaningful near-term financial stress: steep revenue decline, dramatically compressed gross profits and margins, increased impairments, and higher net debt. Management points to stabilization in pricing, recovery via high-efficiency product premiums, and ESS as a second growth engine, but the magnitude of 2025 financial deterioration creates material near-term risk despite constructive strategic initiatives.Positive Updates
Global Shipment Leadership
Total module shipments of 86 GW in 2025, ranking first globally for the seventh consecutive year; Q4 shipments totaled 26 GW with a 20.9% sequential increase in module shipments.
Negative Updates
Significant Revenue Decline
Total revenue for 2025 was about $9.4 billion, down 29% year-over-year; Q4 revenue was $2.5 billion, up 8.3% sequentially but down 15% year-over-year.
Read all updates
Q4-2025 Updates
Positive
Negative
Global Shipment Leadership
Total module shipments of 86 GW in 2025, ranking first globally for the seventh consecutive year; Q4 shipments totaled 26 GW with a 20.9% sequential increase in module shipments.
Read all positive updates
Company Guidance
JinkoSolar guided to about 100 GW of integrated production capacity by the end of 2026 (including ~14 GW overseas), full‑year module shipments of 75–85 GW with Q4 2026 shipments of 13–14 GW, and said ESS shipments should more than double from 2025 (2025 ESS shipments were ~5.2 GW with ~1.7 GWh recognized as revenue and signed/high‑potential ESS orders >10 GWh); management expects full‑year 2026 operating cash flow to remain positive, plans to cut 2026 CapEx to ~RMB5 billion (≈USD700 million) versus ~USD1 billion depreciation and ~USD1 billion CapEx in 2025, will keep its 2 GW N‑type U.S. module facility at high utilization, expects U.S. shipments to be ~5–10% of total and China’s share to fall to ~30%, and noted high‑efficiency products (Q4 >640 Wp shipments ≈3 GW) earn a ~USD0.01/W premium and that ESS gross margin is targeted at roughly 10–15%, with module prices expected to stabilize and differentiated products to command premiums.JinkoSolar Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
35
Negative
Cash Flow
32
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 65.50B | 92.26B | 118.68B | 83.13B | 40.83B |
| Gross Profit | 1.41B | 10.06B | 19.05B | 12.28B | 6.66B |
| EBITDA | 206.79M | 9.22B | 16.85B | 5.82B | 3.73B |
| Net Income | -4.45B | 54.54M | 3.45B | 620.51M | 721.02M |
Balance Sheet | |||||
| Total Assets | 121.10B | 124.88B | 135.83B | 108.66B | 72.98B |
| Cash, Cash Equivalents and Short-Term Investments | 30.45B | 25.98B | 17.08B | 10.35B | 8.47B |
| Total Debt | 53.16B | 47.85B | 56.79B | 47.78B | 37.29B |
| Total Liabilities | 93.51B | 90.64B | 102.30B | 81.66B | 58.70B |
| Stockholders Equity | 15.74B | 19.90B | 20.16B | 16.34B | 11.05B |
Cash Flow | |||||
| Free Cash Flow | -2.22B | 7.48B | -2.02B | -18.05B | -8.22B |
| Operating Cash Flow | 1.08B | 16.85B | 13.83B | -5.80B | 430.65M |
| Investing Cash Flow | -5.38B | -2.90B | -15.16B | -12.27B | -11.31B |
| Financing Cash Flow | -758.71M | -6.27B | 8.64B | 20.02B | 12.02B |
JinkoSolar Technical Analysis
Negative
14.80
Price Trends
16.66
Negative
19.23
Negative
21.82
Negative
Market Momentum
-0.03
Negative
52.01
Neutral
79.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JKS, the sentiment is Negative. The current price of 14.8 is below the 20-day moving average (MA) of 15.89, below the 50-day MA of 16.66, and below the 200-day MA of 21.82, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 79.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $5.39B | 39.98 | 12.28% | ― | -10.41% | -22.03% | |
53 Neutral | $1.97B | -7.14 | -62.50% | ― | 37.91% | 84.96% | |
49 Neutral | $2.37B | 5.77 | 2.46% | ― | 63.23% | ― | |
46 Neutral | $1.07B | -10.14 | -3.60% | ― | -6.56% | -886.40% | |
45 Neutral | $825.25M | -0.40 | -17.23% | 18.78% | -22.00% | -92.74% |
* Technology Sector Average
JKS
JinkoSolar
16.29
-3.77
-18.81%
CSIQ
Canadian Solar
15.31
3.63
31.08%
ENPH
Enphase Energy
40.78
8.56
26.57%
SEDG
SolarEdge Technologies
32.18
6.51
25.36%
RUN
Sunrun
9.86
-0.62
-5.92%
JinkoSolar Corporate Events
JinkoSolar Declares US$78.5 Million Cash Dividend, Signaling Confidence in Long-Term Growth
Jun 12, 2026
JinkoSolar Holding Co., Ltd., a global leader in clean energy technology, manufactures and distributes solar modules and related solutions to utility, commercial and residential customers across key markets in Asia, the Americas, Europe and the Mi...
JinkoSolar Completes Sale of 75.1% Stake in U.S. Subsidiary
Jun 1, 2026
JinkoSolar announced that its subsidiary JinkoSolar (U.S.) Holding Inc. completed the disposal of a 75.1% equity interest in Jinko Solar (U.S.) Industries Inc. on May 31, 2026. Following the deal, JinkoSolar U.S. Holding retains a 24.9% stake, FH ...
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.