Gotta be a short run! Expecting over 25 by earnings if they beat
Anyone know why the big pop today? I have been in this sucker for a long time and had almost given up.......hoping this is the start of a long-term move up
Huge short position is now creating a short run.
all the increase in share value gone in one day. the Trump issue is not nothing new, but somebody wrote something today and here you go... down down.. the shorts are doing a great job
20% of float is short. Short run coming.
Solar is going up all over the place - residential, municipalities, state and government facilities, corporations, utilities, etc.. but all the Solar companies are going down the toilet.. how do you make sense of that?? and how do you make sense of JKS (solar or not) trading at P/E of 2?
Just checked on Nasdaq site, the price drop AH represents only 2 buys of 10 shares each as of 5:12 pm. So it's maybe just one seller getting out.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks is
stop expanding production pay down some debt buy some stock
This is so absurdly cheap and undervalued on any metric.. can you imagine a US company having this kind of valuation???? Would appreciate any feedback from fellow bag holders.. any glimmers of hope that fair valuation (or at least more reasonable) could be achieved based on outlook?
Current JKS PPS reflects money is flowing from delisted TSL to JKS. This year is very tough for Solar companies. But JKS is so good and it will keep on making good profits.
Personally, I think investing in JKS is quite safe for the following reasons:
JKS is the largest solar component company now. The company runs in a quite efficient way. No other solar company's module has price and efficiency can match with JKS module products. FSLR's series 6 may have some advanatage, but it won't be available until later of year 2018. Solar module are over supplying now. The current tier1 Solar component companies are all so big (Giga watts capacity), no new company would like to enter into this market ( like egg hit the rock). Even in this kind of oversupply cycle, JKS is still expanding the capacity and making money at the expense that some other small solar companies be squeezed out of market. JKS PPS is quite low relative to it's book value. And the book value will increase as JKS keep on making money.
Is JKS undervalued? Certainly looks that way given the institutional ownership of 20.60%. This sort of setup means potential upside... Ive been struggling with this stock lately. Some of my other trades have been from awesome-STOCKS which are working out pretty well.
Anybody have any idea why Zacks put out FALSE info about the earnings estimates of JKS? And why they are not correcting the mistake? Yesterday, the Zacks earning estimates for the 4th quarter were $0.60 / share, and the company posted $1.04 / share in earnings (excluding non-recurring gains). They beat both earnings estimates and revenue estimates for the quarter. Now, today, Zacks has changed the earnings estimate for the quarter to $1.33 and says they only earned $0.68 / share, which is obviously wrong.
Is Zacks shorting this stock or what? Isn't this illegal in the US and shouldn't the SEC get involved with the false info that Zacks is releasing in order to crater the stock?
The company earned $4.48 / hare for the year excluding non-recurring items, or $7.50+ per share including the sale of assets. This puts the company at a PE of less than 4 without the extraordinary gains!!
What a stock price manipulation today!! Wall street is full of crooks.
looks like TSL takeout going forward Trina bidding $11.47
Why we stay down?
No wonder Trump is so mad about the mainstream media spreading false and misleading info or trying to damage political reputations! The article by Zacks this morning is FALSE and misleading, an attempt by Zacks and their hedge funds to bring the price of JinkoSolar down.
Here is the info from Briefing.com when the earnings came out yesterday morning, 2/27/2016:
6:10 am JinkoSolar Holding beats by $0.52, beats on revs; guides Q1/FY17 shipments Briefing.com06:10am EST
As the short heading says, JKS BEAT earnings estimates by $0.52, not missed as Zacks would lead you to believe. It also says also that it BEAT on REVS, which my guess means that the miss that Zacks refers to is also wrong.
The company received $250 million in cash from the sale of its electricity business, reduced LT debt around $1.1 billion, and had the following results from earnings 4th quarter (from Reuters, a more legitmate source than the hedge fund run Zacks):
Fourth Quarter 2016 Highlights
Results presented herein exclude Jinko Power-related discontinued operations, unless specified otherwise •Total solar module shipments were 1,733 megawatts ("MW"), an increase of 7.9% from 1,606 MW in the third quarter of 2016 and an increase of 1.3% from 1,710 MW in the fourth quarter of 2015. •Total revenues were RMB5.12 billion (US$737.6 million), a decrease of 3.9% from the third quarter of 2016 and a decrease of 13.7% from the fourth quarter of 2015. Total revenues including electricity revenue from discontinued operations were RMB5.23 billion (US$753.0 million), a decrease of 8.3% from the third quarter of 2016 and a decrease of 13.9% from the fourth quarter of 2015. •Gross margin was 14.3%, compared with 19.2% in the third quarter of 2016 and 19.0% in the fourth quarter of 2015. •Income from operations was RMB77.9 million (US$11.2 million), compared with RMB433.3 million in the third quarter of 2016 and RMB465.9 million in the fourth quarter of 2015. •Net income attributable to the Company's ordinary shareholders from continuing operations was RMB145.8 million (US$21.0 million) in the fourth quarter of 2016, compared with RMB212.2 million in the third quarter of 2016 and RMB429.7 million in the fourth quarter of 2015. •Net income attributable to the Company's ordinary shareholders from continuing and discontinued operations was RMB999.6 million (US$144.0 million), compared with RMB233.7 million in the third quarter of 2016 and RMB349.4 million in the fourth quarter of 2015. •Diluted earnings per American depositary share ("ADS") from continuing operations were RMB4.56 (US$0.64). •Total diluted earnings per ADS from continuing and discontinued operations were RMB31.28 (US$4.48), compared with RMB6.04 in the third quarter of 2016 and RMB10.88 in the fourth quarter of 2015. •Non-GAAP net income attributable to the Company's ordinary shareholders from continuing operations in the fourth quarter of 2016 was RMB228.6 million (US$32.9 million), compared with RMB235.3 million in the third quarter of 2016 and RMB538.9 million in the fourth quarter of 2015. •Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB7.24 (US$1.04) and RMB7.16 (US$1.04), respectively, in the fourth quarter of 2016.
PR Newswire reported similar results. In USD, the ADS ordinary shares earned $1.04 / share (fully diluted, non-GAAP), and $4.48 / share for the fiscal year 2016 (fully diluted, Non-GAAP).
So, Zacks, where did your modified estimates come from and where did your false earnings amount come from? Got a few numbers switched from other quarters or other years? Crooks should go to jail and be sued by the SEC for putting out obviously incorrect info.
JinkoSolar Holding Co. (JKS) on Monday reported fourth-quarter net income of $144.5 million.
The Shangrao, China-based company said it had net income of $4.48 per share. Earnings, adjusted for one-time gains and costs, came to $1.04 per share.
The solar power product maker posted revenue of $737.6 million in the period.
For the year, the company reported profit of $286.9 million, or $7.72 per share. Revenue was reported as $3.08 billion.
JinkoSolar shares have increased 13 percent since the beginning of the year. The stock has declined 25 percent in the last 12 months.
Bleed-down After Great Earnings Sign of One Thing -- Buyout!!
Bloomberg reported that Saudi Aramco (Private:ARMCO) could invest up to $5 billion in renewable energy firms. No specifics were mentioned, though banks including HSBC Holdings Plc (NYSE:HSBC), JPMorgan Chase & Co. (NYSE:JPM), and Credit Suisse Group AG (NYSE:CS) were invited to propose potential acquisition targets as well as advise on deals. $5 billion might be small change for the world's largest oil company, which has been touted by Saudi Arabia's Deputy Crown Prince Mohammed bin Salman to be worth more than $2 trillion. Nevertheless, that sum is sufficient for Saudi Aramco to purchase First Solar (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), Yingli Green Energy (NYSE:YGE), and SunEdison Inc. (OTCPK:SUNEQ) in full with around $400 million left.Bloomberg reported that Saudi Aramco (Private:ARMCO) could invest up to $5 billion in renewable energy firms. No specifics were mentioned, though banks including HSBC Holdings Plc (NYSE:HSBC), JPMorgan Chase & Co. (NYSE:JPM), and Credit Suisse Group AG (NYSE:CS) were invited to propose potential acquisition targets as well as advise on deals. $5 billion might be small change for the world's largest oil company, which has been touted by Saudi Arabia's Deputy Crown Prince Mohammed bin Salman to be worth more than $2 trillion. Nevertheless, that sum is sufficient for Saudi Aramco to purchase First Solar (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), Yingli Green Energy (NYSE:YGE), and SunEdison Inc. (OTCPK:SUNEQ) in full with around $400 million left.
JKS has several new large projects in the Middle East, and at least one large partnership. Could JKS be one of the targets for ARMCO's war chest being readied for a buyout?
the scrupulous role of analysts with the paid money of the high handed crooks of wall street to keep the solars down and to keep the skyrocketing malicious stocks of the market to go even higher at the expense of these stocks. solar is killing oil and other energy players and the market does'nt like it.. this Jinko company do not like the share price to go higher either and want to keep and use the public money to run the company.