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JinkoSolar (JKS)
NYSE:JKS

JinkoSolar (JKS) AI Stock Analysis

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JKS

JinkoSolar

(NYSE:JKS)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
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.

JinkoSolar (JKS) vs. SPDR S&P 500 ETF (SPY)

JinkoSolar Business Overview & Revenue Model

Company DescriptionJinkoSolar (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 MoneyJinkoSolar 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 Earnings Call Summary

Earnings Call Date:Nov 17, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 06, 2026
Earnings Call Sentiment Neutral
JinkoSolar's earnings call highlighted strong operational achievements, such as record module shipments and improved gross margins. However, these were tempered by significant revenue declines and increased operating expenses. The company is optimistic about future growth in energy storage and technological advancements, despite facing regulatory and market challenges.
Q3-2025 Updates
Positive Updates
Record Module Shipments
JinkoSolar achieved cumulative global module shipments of 370 gigawatts, with total shipments reaching 61.9 gigawatts in the first three quarters of 2025, ranking number one worldwide.
Improved Financial Metrics
Gross margin improved sequentially to 7.3% in Q3 2025 from 2.9% in Q2 2025. Operating cash flow was $340 million in Q3, and is expected to be positive for the full year 2025.
Energy Storage Growth
Energy storage system (ESS) shipments exceeded 3.3 gigawatt-hours in the first three quarters, with a significant increase expected next year. Gross margin for ESS is expected to be between 15% to 20%.
Technological Advancements
Introduction of high-power products, like the Titanium 3.0 series, which have shown significant performance gains over conventional products.
Negative Updates
Revenue Decline
Total revenue was $2.27 billion in Q3 2025, down 10% sequentially and 34% year over year, primarily due to a decrease in solar module shipments and average selling prices.
Increased Operating Expenses
Total operating expenses increased by 36% sequentially in Q3 2025, mainly due to an increase in the impairment of long-lived assets.
Net Debt Increase
Net debt increased to $3.1 billion at the end of Q3 2025, compared with $3.3 billion at the end of Q2 2025.
Regulatory and Market Challenges
Challenges include navigating US market regulations like the FIEC, and uncertainty in global polysilicon pricing affecting module prices.
Company Guidance
During the earnings call, JinkoSolar provided guidance on various financial metrics and strategic developments. The company reported a gross margin improvement, rising from 2.9% in Q2 to 7.3% in Q3 of 2025, alongside a narrowing net loss. For the full year of 2025, JinkoSolar expects total shipments, including solar modules, cells, and wafers, to range between 85 to 100 gigawatts, with energy storage system (ESS) shipments projected at 6 gigawatt-hours. The company aims to double its ESS shipments in 2026, attributing the growth to improved economies of scale and rising demand. Operating cash flow was $340 million in Q3, with expectations for positive cash flow for the full year. Revenue for Q3 was $2.27 billion, down 10% sequentially and 34% year-over-year, largely due to decreased solar module shipments and average selling prices. JinkoSolar highlighted its strategic shift towards high-power products and ESS, expecting these segments to drive significant revenue and margin expansion in the coming years.

JinkoSolar Financial Statement Overview

Summary
Income Statement
60
Neutral
Balance Sheet
55
Neutral
Cash Flow
65
Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

JinkoSolar Technical Analysis

Technical Analysis Sentiment
Positive
Last Price23.29
Price Trends
50DMA
25.35
Positive
100DMA
24.52
Positive
200DMA
21.76
Positive
Market Momentum
MACD
0.29
Negative
RSI
56.27
Neutral
STOCH
75.33
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 23.29 is below the 20-day moving average (MA) of 25.75, below the 50-day MA of 25.35, and above the 200-day MA of 21.76, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 56.27 is Neutral, neither overbought nor oversold. The STOCH value of 75.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JKS.

JinkoSolar Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$1.37B-2.98-17.96%10.15%-34.29%-732.90%
61
Neutral
$4.14B22.8120.31%20.97%226.98%
57
Neutral
$1.56B99.250.56%-4.46%1645.26%
52
Neutral
$3.96B-1.62-59.68%13.79%-527.48%
49
Neutral
$1.73B-2.94-78.09%-0.14%66.71%
39
Underperform
$54.75M-0.02-54.68%63.56%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JKS
JinkoSolar
27.19
4.59
20.31%
CSIQ
Canadian Solar
23.73
12.97
120.54%
ENPH
Enphase Energy
32.96
-32.84
-49.91%
SEDG
SolarEdge Technologies
28.47
15.36
117.16%
RUN
Sunrun
18.14
9.01
98.69%
MAXN
Maxeon Solar Technologies
3.19
-3.40
-51.59%

JinkoSolar Corporate Events

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. 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
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 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
Sep 18, 2025

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
Sep 12, 2025

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%.

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.Date of analysis: Nov 21, 2025