JinkoSolar to Reaffirm Guidance for the First Quarter of 2014 and Full Year 2014 and to Report First Quarter 2014 Results on May 27, 2014
SHANGHAI, May 6, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it reaffirms its guidance for the first quarter of 2014 and full year 2014: total solar module shipments are expected to be in the range of 440 MW and 470 MW for the first quarter of 2014 and total solar module shipments are expected to be in the range of 2.3 GW to 2.5 GW, with total project development scale expected to be above 400 MW for the full year 2014.
The Company plans to release its unaudited financial results for the first quarter ended March 31, 2014 before the open of U.S. markets on Tuesday, May 27, 2014.
JinkoSolar's management will host an earnings conference call on Tuesday, May 27, 2014 at 8:00 a.m. U.S. Eastern Standard Time (8:00 p.m. Beijing / Hong Kong the same day).
Re-affirmed guidance is good. Based on guidance, I would be disappointed with anything less than 575MW of shipment guidance for Q2 given their capacity to manufacture over 650MW. This would then be followed by over 650MW in Q3 and over 700MW for Q4 to get midrange guidance of 2400MW. Anything above 590MW Q2 is very positive.