Peter, I hope you're right! Lets hope we at least stay in the $18-$19 range by next Friday, then start to creep up from there.
at least $22 seems likely
stock could be trading at $20-21 by then and jump to $24+, $25 is not impossible
Actually the earnings beat every expectation: revenue, gross margin, MWs delivered... other positives: talk about Jinko Power spinoff, sPower deal affecting margins positively and there may be some capacity upgrades or extensions, maybe another factory in Malaysia, seems likely if ships over 1.5 GWs a year to the US, the tariffs need to be circumvented
Four factors: 1) general market, 2) price of oil, 3) JKS earnings, and 3) earnings of other solar companies
I believe these three, all of them, to result in higher JKS share price
options still indicate $20 by 2/19, so I entered back in JKS for that +$2 estimated gain. SCTY has stunk it up, but JKS isn't one of their suppliers. Nothing has changed for JKS except currency.
This is a tough one, as it seems pretty much every time they report they beat earnings, report a nice outlook, and then get killed on that day.......never seen a stock like this one. I am long but have a small portion that I trade with and there's a good chance I'll dump that portion ahead of earnings, which likely means it will go up :-)
I would suggest selling before end of day. The options indicate 20 for 2/19. it could rise but it won't be known until Saturday. Big news coming out of China this weekend. Even though it's new years next week. The amount of outflows for Jan are to be released Sunday. BAC says it's contained. Goldman says it's massive. The bear market is in effect. So the risk is to be long Monday. Good luck.
In the US solar panel prices are high. Jinko can sell something like 1.5 GWs a year to the US. The total manufacturing capacity will be 4.5-5 GWs, out of that 1.5 GWs is 30-33 %. These are high margin sales, because solar panel prices are high in the US. Expect Jinko to announce another factory outside of China or an expansion of the Malaysian factory. Jinko will be cutting costs all the time, expect cost per watt to drop. Higher MW volume means higher revenue and a bigger share of US sales means higher margins. The cost per watt dropping means higher margins. Panel pricing can be pretty much flat.