|Bid||0.00 x 1100|
|Ask||21.40 x 800|
|Day's Range||20.41 - 21.32|
|52 Week Range||9.26 - 24.84|
|Beta (3Y Monthly)||1.94|
|PE Ratio (TTM)||16.55|
|Earnings Date||Nov 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.40|
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the Company has signed an agreement with COSCO SHIPPING Lines (Greece) S.A. ("COSCO") to use the Greek Port of Piraeus as a distribution hub for the shipment of its renewable energy products in Europe, and in particular for Greece, the Balkans and the EMEA region.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. One of the world’s largest solar-panel manufacturers sees booming growth in the U.S. even if President Donald Trump doesn’t lower tariffs next year.China’s JinkoSolar Holding Co. Chief Financial Officer Charlie Cao expects U.S. demand for its products to surge nearly 45%, to 4 gigawatts, in 2020 as the Trump administration considers whether to move ahead with a scheduled 5% cut to duties on imported panels.“It’s not going to have any change,” Cao said in an interview Wednesday at Bloomberg headquarters in New York. “This small change will not have a fundamental impact. A 50% change, that would be a disaster.”The leading U.S. solar trade group, the Solar Energy Industries Association, warned Tuesday that the White House may curtail the scheduled reduction in tariffs, imposed by Trump in 2018 to spur U.S. manufacturing.While they’ve prompted a handful of panel makers -- including JinkoSolar -- to open U.S. factories, the duties have driven up costs for developers and panel installers who employ most of the industry’s workers. If left in place, the duties will cost the industry $19 billion in investment and will lead to 62,000 fewer jobs by 2021, the solar association said in a report Tuesday.White House trade adviser Peter Navarro called the group’s report “fake news dressed up in academic mumbo jumbo.”Even after opening its factory in Florida, JinkoSolar still makes about 90% of the panels it sells to U.S. developers in Asia. The company has gained 28% since Nov. 19, when it provided a bullish forecast for U.S. and global sales next year.The American depositary receipts rose 2.3% to $18.99 Wednesday in New York.To contact the reporters on this story: Christopher Martin in New York at email@example.com;Brian Eckhouse in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Joe Ryan, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its affiliate has supplied approximately 40 MW of its ultra-high efficiency Cheetah HC 60 solar modules to Obton, one of the leading global developers and investors of photovoltaic solar energy. The modules were installed in the Almelo project in the Netherlands during the summer of 2019.
JinkoSolar (JKS) incorporates the Tiling Ribbon technology into its new Tiger module to eliminate the inter-cell gap and further increase efficiency.
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has supplied 300MW of its high energy density Tiger panels for an ultra-high voltage demonstration plant in Qinghai Province, China.
ReneSola (SOL) sells development rights of its Polish solar utility projects. Monetization of these projects should boost its operating results.
[Editor's note: "3 Solar Stocks to Buy for a New Day in Solar Energy" was previously published in October 2019. It has since been updated to include the most relevant information available.]Solar stocks have really taken it on the chin this year, but the huge declines are totally unjustified, creating a great buying opportunity for longer-term investors. As I've noted in the past, I'm convinced that JinkoSolar (NYSE:JKS), SunPower (NASDAQ:SPWR) and Daqo New Energy (NYSE:DQ) are great solar stocks to buy.And the recovery could be underway, JKS stock has added 7% YTD, SPWR stock has added 42% and DQ stock has added a whopping 60% after a dismal 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe catalyst for the retreat of solar stocks appears to have been a decision by the Federal Energy Regulatory Commission to eliminate "a requirement for utilities to offer long-term fixed prices for qualifying facilities." More specifically, many investors may have sold solar stocks due to dramatic language used by Democratic FERC Commissioner Richard Glick, who claimed the FERC's decision could pose a major threat to the proliferation of renewable energy in the U.S.But I'll give those who have been completely avoiding the news for the last year a tip. The U.S. is going to have a very consequential presidential election in just over a year. Appointed officials are very political, and Glick was trying to dramatize the ramifications of the vote for partisan purposes. * 7 Strong Buy Stocks That Are Bargains Right Now Much more trustworthy are the assessments of apolitical Greentech and Colin Smith, the senior solar analyst at Wood Mackenzie Power & Renewables. Greentech said that the vote would have a "muted impact" on U.S. solar. Smith maintained that the decision would affect less than 5% of solar projects under development today. That news appears to have taken hold.Other much more powerful catalysts will ultimately have a bigger impact on solar stocks. Among these are the increased price competitiveness of solar energy in China and solar energy mandates in the U.S. Below I'll explore how JKS, DQ and SPWR will be positively impacted by these trends. JinkoSolar (JKS)Source: Shutterstock Researchers from the KTH Royal Institute of Technology, Malardalen University and Tsinghua University determined that, in all major Chinese cities, solar energy can be produced more cheaply than electricity from the grid. The research was originally reported in the journal Nature Energy.Meanwhile, the China Electric Power Planning and Engineering Institute has estimated that Chinese electricity demand would surge nearly 6% this year. Higher demand, combined with lower prices, is usually a winning formula for companies.Moreover, JinkoSolar's margins are likely higher in its home market because of lower shipping costs and the absence of any tariffs. Consequently, the coming expansion of solar energy in China should have a tremendously positive impact on Jinko's bottom line. * 7 Top Stocks to Buy for 2020 Also interesting is that, as of the end of the second quarter, the holders of JKS stock include some of the biggest names on Wall Street. The list includes names like Bank of America (NYSE:BAC), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS). Those big boys are usually not all wrong about a stock. SunPower (SPWR)Source: IgorGolovniov / Shutterstock.com SunPower stock should benefit from four strong trends that are boosting solar energy in the U.S. SPWR will be boosted by the increasing cost-competitiveness of solar energy. But within America, SunPower is also getting huge lifts from state renewable energy mandates and from the increased use of solar energy by companies.Many states have passed laws requiring their utilities to obtain a specific percentage of their electricity from renewable energy. Of course, since solar is a leading renewable energy source, these mandates will cause demand for solar power to surge tremendously. And because SPWR is exempt from America's solar tariffs, it should benefit.For example, California is requiring its utilities to obtain 44% of their electricity from renewable sources by 2024. Plus, the state will require all new homes to be equipped with solar panels. SPWR's strategic partnerships with roofing companies should help it leverage this opportunity.And recently, there's been a sign that other governments controlled by Democrats could follow California's lead. Montgomery County, Maryland is poised to propose that all new homes in the county have solar panels by 2022. There are 1 million people in the county. If the trend spreads, look for SPWR stock and many other solar stocks to really take off. Daqo New Energy (DQ)Source: Shutterstock Like JKS, Daqo New Energy is likely to benefit from the relative cheapness of solar energy in China. Also based in China, DQ sells polysilicon which is used in the construction of solar modules. Among DQ's major customers are JKS and another Chinese solar powerhouse Longi Green Energy.Furthermore, as I reported last month, DQ has said that, "during the current quarter, demand for polysilicon in China will exceed supply, causing polysilicon prices to increase."As of June, many Wall Street heavyweights held meaningful amounts of DQ stock.JKS and DQ should benefit from the low price of solar power in China. SPWR stock is exploiting multiple, ongoing trends in the U.S. and all three names are very cheap. * 7 Companies Using Artificial Intelligence to Outperform the Market The market caps of JKS stock and DQ stock are both well under $1 billion, while their forward price-to-earnings ratios are a tiny 6 and 5, respectively. SPWR is more expensive, as the market cap of SPWR stock is $1.4 billion and its forward P/E ratio is 53.6. Still, its huge opportunity in the U.S. definitely makes it worth buying.As of this writing, Larry Ramer owned shares of JKS, DQ and SPWR stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back The post 3 Solar Stocks to Buy for a New Day in Solar Energy appeared first on InvestorPlace.
JinkoSolar's (JKS) top line in the third quarter improves 4.3% on a year-over-year basis to $1,047 million, primarily led by an increase in the solar module shipments.
In the news release, JinkoSolar Announces Third Quarter 2019 Financial Results, issued 19-Nov-2019 by JinkoSolar Holding Co., Ltd. over PR Newswire, we are advised by the company that the [Operations and ...
SHANGHAI , Nov. 19, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers ...
SHANGHAI , Nov. 15, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers ...
These three U.S.-listed Chinese stocks have done well so far this year and stand to do better than others should the prolonged U.S.-China trade dispute finally come to an end.
SHANGHAI , Nov. 13, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers ...
JACKSONVILLE, Fla. , Nov. 13, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, today ...
Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound.