JinkoSolar (JKS) AI Stock Analysis

• Market Cap: $1.36B
• Dividend Yield: 10.74%
• Average Volume (3M): 716.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: -34.29%
• EPS Growth: -732.90%
• Country: US
• Employees: 33,830
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -1.01
• Shares Outstanding: 51,652,440
• 10 Day Avg. Volume: 876,282
• 30 Day Avg. Volume: 716,011
• PEG Ratio: -0.40
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.03
• P/FCF Ratio: 0.32
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $18.00
• Price Target Upside: -22.71% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $27.00 ▲(15.93% Upside)

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

Energy Storage Growth

The growth in energy storage positions JinkoSolar to capitalize on the increasing demand for renewable energy solutions, enhancing its competitive edge.

Technological Advancements

Innovative products like the Titanium 3.0 series improve efficiency, helping JinkoSolar maintain a technological lead in the solar industry.

Improved Gross Margins

Improved gross margins indicate better cost management and pricing power, which can enhance profitability over the long term.

Negative Factors

Revenue Decline

Significant revenue decline suggests potential demand issues and pricing pressures, which could impact long-term growth prospects.

High Leverage

High leverage limits financial flexibility and increases risk, potentially affecting JinkoSolar's ability to invest in growth opportunities.

Increased Operating Expenses

Rising operating expenses can erode profitability and indicate inefficiencies, challenging JinkoSolar's cost management strategies.

JinkoSolar Business Overview & Revenue Model

Company Description

JinkoSolar (JKS) is a leading global solar module manufacturer based in China, specializing in the production of photovoltaic (PV) products and solar energy solutions. The company operates in the renewable energy sector, focusing on the design, development, and manufacturing of solar cells and modules. JinkoSolar's core products include high-efficiency solar panels, which are used in residential, commercial, and utility-scale solar projects worldwide, along with offering solar energy solutions and services.

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, installers, and project developers across various markets. Key revenue streams include direct sales of solar modules, sales of solar system solutions, and long-term contracts for solar energy projects. Additionally, JinkoSolar benefits from strategic partnerships with other companies in the energy sector, government incentives for renewable energy production, and increasing global demand for clean energy solutions, which contribute significantly to its earnings.

JinkoSolar Financial Statement Overview

Summary

JinkoSolar's financial performance is mixed. The income statement shows declining profitability and inconsistent revenue growth. The balance sheet is burdened by high leverage, posing financial stability risks. Cash flow improvements are promising, but high capital expenditures challenge cash retention.

Income Statement

JinkoSolar's income statement reveals mixed performance. The gross profit margin has decreased from previous years, signaling cost management issues. The net profit margin is positive but has declined significantly, reflecting decreased profitability. Revenue growth has been inconsistent, with a recent downturn indicating potential demand challenges. The negative EBIT in the latest year is concerning, although EBITDA remains positive, suggesting some resilience in cash generation.

Balance Sheet

The balance sheet reflects high leverage, as indicated by a substantial debt-to-equity ratio, which poses financial stability risks. The return on equity has decreased, impacting shareholder returns. Equity ratio improvements show some strengthening of the capital structure, yet the high debt level remains a significant concern.

Cash Flow

Cash flow analysis highlights an improvement in operating cash flow, but capital expenditures remain high, impacting free cash flow. The transition from negative to positive free cash flow is a positive sign. However, the operating cash flow to net income ratio indicates potential challenges in converting profit to cash, and the free cash flow to net income ratio suggests room for improvement in financial efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	36.66B	56.79B	47.78B	37.29B	27.62B
Total Liabilities	90.73B	90.56B	102.30B	81.66B	58.70B	40.24B
Stockholders Equity	17.10B	19.87B	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

• Technical Analysis Sentiment: Positive
• Last Price: 23.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 23.29 is below the 20-day moving average (MA) of 26.81, below the 50-day MA of 24.99, and above the 200-day MA of 21.42, indicating a neutral trend. The MACD of 0.34 indicates Positive momentum. The RSI at 49.04 is Neutral, neither overbought nor oversold. The STOCH value of 16.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JKS.

JinkoSolar Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JKS	61 Neutral	$1.36B	―	-17.96%	10.74%	-34.29%	-732.90%
ENPH	61 Neutral	$3.64B	19.25	20.31%	―	20.97%	226.98%
RUN	55 Neutral	$4.46B	―	-59.68%	―	13.79%	-527.48%
CSIQ	54 Neutral	$1.81B	113.30	0.56%	―	-4.46%	1645.26%
SEDG	49 Neutral	$2.12B	―	-78.09%	―	-0.14%	66.71%
MAXN	39 Underperform	$50.35M	―	―	―	-54.68%	63.56%

JinkoSolar Corporate Events

JinkoSolar Reports Q2 and Q3 2025 Financial Results, Highlights Growth in Energy Storage

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. Despite a decrease in total revenues and shipments compared to the previous year, JinkoSolar’s gross profit margin improved sequentially. The company also highlighted the growth of its energy storage business, which is expected to become a major growth engine by 2026. JinkoSolar’s strategic focus on high-power products and energy storage solutions aligns with global energy transitions and positions it to strengthen its competitive advantage in the industry.

JinkoSolar Subsidiary Reports Q3 2025 Financial Losses

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 equity, with significant losses reported before income taxes and net profit. The financial performance reflects challenges in the solar industry, impacting the company’s operations and market positioning. Investors are advised to exercise caution due to differences in accounting standards between PRC GAAP and US GAAP.

JinkoSolar Finalizes Sale of Subsidiary Shares

On September 18, 2025, JinkoSolar announced the completion of the sale of 300,156,075 A shares of its subsidiary, Jinko Solar Co., Ltd., listed on the Shanghai Stock Exchange’s Sci-Tech Innovation Board. The shares were sold to institutional investors at RMB4.90 per share, reducing JinkoSolar’s ownership to approximately 55.59%. This strategic move is likely to impact the company’s financial positioning and market strategy, potentially influencing stakeholder interests and the company’s operations in the solar industry.

JinkoSolar Announces Sale of A Shares in Subsidiary to Boost Operations

On September 12, 2025, JinkoSolar announced its intention to sell up to 300,156,075 A shares of its subsidiary, Jinko Solar Co., Ltd., to qualified institutional investors through an inquiry transfer and placement. This move aims to strengthen the company’s cash flow, support ongoing operations, and enhance resilience to risks, while maintaining future shareholder returns. The sale, subject to market conditions, will reduce JinkoSolar’s equity interest in its subsidiary from approximately 58.59% to 55.59%.

JinkoSolar Reports Record Solar Module Shipments and Efficiency Milestones in H1 2025

On August 27, 2025, JinkoSolar announced its business highlights for the first half of 2025, reporting total module shipments of 41.8 GW, with over 60% directed to overseas markets. The company achieved a milestone by delivering a total of 350 GW of solar modules globally by June 30, 2025. JinkoSolar set new records in cell and module efficiencies, with significant advancements in TOPCon technology, and projects that high-efficiency capacity will continue to grow. Looking ahead, JinkoSolar expects its module shipments to range between 85.0 GW and 100.0 GW for the full year 2025, with substantial increases in production capacity anticipated by the year’s end.