JKS always pays back it's loans, they are a profitable company.
There were a few T trades during the day, posted AH, for 86k each at 19.2-19.4. Don't know if this is the reason for the run down. It could also be technical, to meet the intraday algorithm- the computer trading program. I checked and verified that the 18.68 was a test point in the intraday chart. The same thing they did with GPRO and CYBR yesterday, when they were down, while the market was up. They tested the same parameters, before they reversed.
Sentiment: Strong Buy
Simple the huge volume for several days shows there is a war being waged right now by institutions and the bears are losing and trying to get out. It's bullish.
is there something wrong with the price being pushed up in pre-market over a dollar on 12,000 shares and then having it take 1.6 million shares to move back down to cover that gap? I don't understand how or why those types of moves happen. I mean, who was buying pre-market at those prices? And why?
Any shared insight would be appreciated. thx in advance.
I rode JKS up from 17 to 28 earlier this year. I bought it back at 15 a few days ago. Market downturns are unsettling, but they present great buying opportunities.
Solar Stocks: 'Thanks Obama'
Last update: 25/08/2015 6:07:21 pm
President Obama announced on Monday new actions to bring renewable energy and energy efficiency to households across the United States.
In a press release, the White House discussed the "responsible" steps it will take to address climate change, promote clean energy and energy efficiency, drive innovation, and ensure a cleaner, more stable environment.
The initiatives include:
$1 billion in additional loan guarantee for energy projects.
Making Property-Assessed Clean Energy (PACE) financing available for single-family housing easier to invest in.
Launching new programs to provide home owners with new tools to measure and improve the energy efficiency of their homes.
Creating a DOD Privatized Housing Solar Challenge.
A $24 million commitment for 11 projects in seven states to double the amount of energy existing solar panels can produce.
Approving a transmission line to support a 485-megawatt photovoltaic facility.
Creating an Interagency Task Force to Promote a Clean Energy Future for All Americans.
The White House continued that its initiatives are expected to reduce emissions by 26-28 percent below 2005 levels in 2025 while also doubling energy productivity by 2030.
Solar Stocks Moving Higher
You can move my lawn today.. while I am sipping my cognac in my porch, counting profits from JKS rally today.
Sentiment: Strong Buy
Are you still starving today? I got myself a favor and my tacobell food is yummy. I have some leftovers, if you need today. Hurry up before you lose this opportunity!!
Sentiment: Strong Buy
Exactly: short interests are up or down. If down, it is ok, if up...not good.
You are right. But it seems oil is going to rebound or at least stabilize.
Would be interesting to know how much of the short represents hedged positions on the convert.
Short Interest (Shares Short) 3,886,700
Short Percent of Float 18.48 %
Short Interest Ratio (Days To Cover) 4.9
Time to make the shorts sweet. Back to $24
•JinkoSolar stock price has been crushed as if fundamentals are deteriorating rapidly. Yet there is little sign of that happening.
•Top and bottom line beats, increased guidance by 20%, Jinko is solidly delivering and is likelyto do so forthe foreseeable future.
•While general market conditions are difficult and the stock is traditionally very volatile, we see considerable upside from here.
There is a rather massive sell-off going on in JinkoSolar (NYSE:JKS) the market leader in China. Whilst the stock, like many other solar stocks, has always been very volatile, the latest sell-off suggest there is deeper trouble.
The selling accelerated after Q2 earnings were published, not helped by a large market sell-off. At first sight, this was rather surprising because the earnings contained quite a few positives, in no particular order:
•Shipments were 913.4MW, a rise of 38.7% for the year, and up 15.9% from Q1.
•Revenue rose 31.6% to of $516.23M beating expectations by $48.21M.
•Non-GAAP earnings per ADS rose to $1.02, beating expectations by 20 cents.
•GAAP earnings per ADS came in at $0.40, which according to Yahoo was half that of analyst expectations for $0.83. However, we're pretty sure that the $0.83 average analyst expectation was for the non-GAAP earnings (and Zacks agrees).
•The company is operating at full capacity
•In house module cost was $0.42 in Q2 and will fall to $0.40 by the end of the year
•Gross margin was 20.7% in the second quarter of 2015 compared with 20.3% in the first quarter of 2015 and 22.6% in the second quarter of 2014.
•The company raised guidance for the year 2015 by some 20% from 3.3GW-3.8GW to 4GW-4.5GW
Combine these with the following:
Global solar demand remains robust, allowing us to build upon our leadership position in a number of key and new emerging markets. We are well positioned in China as the market leader to benefit from the expected strong demand during the second half of 2015. We also made substantial progress in the U.S. where shipments increased by 115% sequentially [Q2 PR]
And (from the Q2CC)
We expect to see demand improve through the rest of 2015 and even into the first quarter of 2016 thanks to the signed contracts currently in our pipeline.
Their own electricity production, which is a more stable and higher margin business, is continuing to grow strongly, from the Q2 PR:
Solar power output during the second quarter also exceeded our expectations by reaching 203 GWh, up approximately 75.8% sequentially while generating RMB177.9 million in revenue. With the seasonal effects of Chinese New Year behind us and new projects ramping up to full capacity, we expect this higher-margin business to generate an increasing share of the profits during the second half of 2015.