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http://www.andalaysolar.com/wp-content/uploads/WEST_News_2015_6_16_General.pdf.JinkoSolar picks Andalay frame for new PV modules
Jun 18, 2015 08:48 CEST by Militsa Mancheva
jinkosolar-picks-andalay-frame-for-new-pv-modules Solar rooftop. Author: Michael Coghlan. License: Creative Commons.
June 18 (SeeNews) - China's JinkoSolar Holding Co Ltd (NYSE:JKS) said Tuesday it has chosen US firm Andalay Solar Inc’s (OTCQB:WEST) Instant Connect frame technology for its new photovoltaic (PV) module line.
The two companies signed a memorandum of understanding (MoU) on June 16. As part of the pact, Andalay Solar, which designs and supplies integrated solar power systems, will provide its black frame, which has passed the UL1703 Type 1 Fire Classification and ensures fast and simple management and installation.
JinkoSolar will license the 60-cell polycrystalline product and start offering it on the US residential market in the second half of the year.
“With the current trend and success of rail-less mounting hardware in the residential segment, we are pleased to provide our customers with more options, such as the Andalay compatible solution, for mounting JinkoSolar modules on their roofs,” general manager of JinkoSolar (US) Inc, Nigel Cockroft, noted.
In a separate statement on Tuesday, JinkoSolar announced that it will be supplying its PV modules to the customer base of US distributed solar firm Vivint Solar under a new alliance. That move also targets US homeowners.
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by Militsa Mancheva
As a junior reporter at SeeNews Renewables, Militsa Mancheva is focused on the Chinese market and the rest of Asia. Solar and offshore wind are her mantras.
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http://www.prnewswire.com/news-releases/jinkosolar-becomes-the-first-pv-company-to-receive-cqcs-top-runner-program-level-one-energy-efficiency-certification-in-china-300207723.html JinkoSolar Becomes the First PV Company to Receive CQC's "Top Runner" Program Level One Energy Efficiency Certification in China
JKS closed the last remaining up gap today. Ready to go up.
stopped out
Credit Suisse lowered the JKS target from $45 to $42 today. I don't have the details yet.
The weight in the sector today, was the Nevada utility commission lowered the amount of payments to users of solar panels (net metering) to wholsesale. Although I don't see how JKS is related.
SolarCity stars in scorching solar sector as tax break saved
5:24 pm ET December 16, 2015 (MarketWatch)
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By Claudia Assis, MarketWatch
Congress poised to extend 30% tax credit on solar installations through 2019
Several solar-energy stocks scored double-digit gains Wednesday after Congress neared an extension for a key tax credit for renewable energy.
Shares of SolarCity Corp. (SCTY) rose 34% in the session, the largest daily gain in the company's history, to the highest closing price since early August. Shares of SunEdison Inc. (SUNE) rose 25%, while shares of First Solar Inc. (FSLR) gained nearly 10%, the biggest one-day increase since early November. Shares of SunRun Inc. (RUN) were up 23%, their best showing since late August.
The tax credits solar and wind power were set to end next year. But a spending bill approved late Tuesday in a congressional quid-pro-quo would extend them for five years, including extending the current 30% credit until 2019. The bill must still be approved by the Senate and by the House, with lawmakers likely voting on it later this week.
Solar companies stand to benefit the most from a credit extension, analysts at Credit Suisse said in a note Wednesday. If it passes, the bill "should solidify the ability to grow profitably in most markets" in which they operate, the analysts said.
Even China-based solar-panel makers such as JinkoSolar Holding Co. Ltd. (JKS), Trina Solar Ltd. (TSL), JA Solar Holdings Co. (JASO), and Yingli Green Energy Holding CO. (YGE) would benefit, thanks to improved demand outlook in the U.S., the Credit Suisse analysts said.
If granted, the extension also reduces the risk of oversupply in 2017, "a big concern for several companies and investors in the solar sector," analysts at Deutsche Bank said.
Companies also had been rushing to complete solar projects before the 2016 deadline, which cut down on their margins. Deutsch Bank analysts said margins should improve as those projects get pushed back into 2017, and added that companies with the most exposure to the residential solar U.S. market -- SolarCity, SunRun, and Vivint Solar Inc.(VSLR) -- would benefit the most.
First Solar would also be a "huge beneficiary" as the utility-scale market was expected to decline the most in a post-tax-credit environment, they said.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
U clean up around $2 on the 500 shares..? Was a good buy in AH on the earnings dip.. :)
Taken out on spike. Should have placed a higher ask oh well, profitable trade.
Roth Capital is trimming its price target on Buy-rated JinkoSolar Holding Co. (NYSE: JKS) from $40 to $35 following JinkoSolar's Q3 report and outlook on Thursday morning.
Analyst Philip Shen offered the following results on JinkoSolar's results: "The fundamentals for JKS's module business are quite healthy through 2016. The company has more demand than its current capacity in 2016. ASPs are expected to be quite stable, and the company is expanding its capacity. Greater volumes from its Malaysian facility shipped to the U.S. will likely support margins ahead. Although the quality of Chinese project CFs remains low, we look for the government to resolve the issues of payments and prompt additions to the subsidy catalog at some point. When resolved, we expect this to be a positive upside catalyst for the stock (though it is tough to forecast the timing)."
JinkoSolar Shines among Chinese Solar Stocks
Low costs, growing production and cutting debt could see the solar panel maker’s shares rally 30%.
By Isabella Zhong
November 20, 2015
Barron's article headline, I don't subscribe
Credit Suisse - We retain our Outperform rating and $45 TP. We increase our 2015/2016 EPS estimate to $4.77/$6.74 from $4.67/$6.29 to reflect higher third party shipments and retain 2017 at $6.47.
The quarter results were dragged down $19.1m ($0.49/share)
due to an FX charge associated with the deprecation of the RMB vs USD given the US denominated debt. We believe the combination of the FX charge (which should not be ongoing or
cause for concern) along with capacity expansion plans exacerbating fears of re-entering Tier-1 industry oversupply are spurring fears and resulting in the 10% decline today.
JASO is going private for 9.69 probably in 2016
I agree with you totally.. Its anybody's guess as to how long we wait for that $45.. Need some genuine buyin interest to come back into Chinese solar industry.. O'wise it's the same big plyrs just rotatin thru them, they prob bought in August on major dip to mid teens..
Chart shows the ups & downs last 3 years pretty clear.. Just gotta watch the 'lower' lows..
I bought 500 pre market so far. I don't think this is like CSIQ.
JKS is best of breed. Credit Suisse loves them with a $45 target
Down 12% on those results.. Solar sector is controlled by a small group of big plyrs who can short these things at will obviously.. CSIQ smashed results & now hovers at 20!..
Quarterly results mean nothing right now - unless they doubled their EPS/ revenue every qtr maybe
beat on EPS and revenue. up in pre-market
Potential for $6.XX EPS in 2016 and higher in 2017. Great guidance for Q3 2015 and Q4 2015 during the Q2 2015 conference call.
Wow.. 50% wiped out in a month now & we might just be gettin started with a big drop in major indexes.. Solar gettin killed right now.. Then u have pr&ks like Chanos turfing SCTY openly whilst a market crash is in place. Similar to the sub-prime crisis with it's lease model floored due to renters defaulting on payment. Then the whole world is at risk of defaulting on their electrical bills- if solar is equal in price (or cheaper!).. FFSake.
Anyone know why this is down another 7% this morning? Seein 22.10 already..
$JKS recent news/filings
bullish
## source: finance.yahoo.com
Fri, 05 Jun 2015 14:41:51 GMT ~ JinkoSolar Supplying 34 Megawatts of Modules for Chile Project
read full: http://www.bloomberg.com/news/articles/2015-06-05/jinkosolar-supplying-34-megawatts-of-modules-for-chile-project?cmpid=yhoo
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Fri, 05 Jun 2015 14:23:02 GMT ~ 3 Green Stocks for World Environment Day - Analyst Blog
read full: http://finance.yahoo.com/news/3-green-stocks-world-environment-142302095.html
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Fri, 05 Jun 2015 11:44:11 GMT ~ JinkoSolar Supplies 33.67 MW of PV modules to Rijn Capital in Chile
[at noodls] - SHANGHAI, June 5, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ('JinkoSolar' or the'Company') (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied 33.67 MW of PV modules ...
read full: http://www.noodls.com/view/5C5BB2819A2785311E71CE90526700DCA902CCA8
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Fri, 05 Jun 2015 11:00:00 GMT ~ JinkoSolar Supplies 33.67 MW of PV modules to Rijn Capital in Chile
[PR Newswire] - SHANGHAI, June 5, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the"Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied ...
read full: http://finance.yahoo.com/news/jinkosolar-supplies-33-67-mw-110000029.html
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Thu, 04 Jun 2015 13:00:01 GMT ~ ReneSola Q1 Loss Wider than Expected, Shares Drop 7.7% - Analyst Blog
read full: http://finance.yahoo.com/news/renesola-q1-loss-wider-expected-130001450.html
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$JKS charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$JKS company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/JKS/company-info
Ticker: $JKS
OTC Market Place: Not Available
CIK code: not found
Company name: JinkoSolar Holdings Co., Ltd.
Incorporated In:
Business Description:
$JKS share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$JKS extra dd links
Company name: JinkoSolar Holdings Co., Ltd.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/JKS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/JKS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=JKS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=JKS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=JKS+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/JKS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/news - http://finance.yahoo.com/q/h?s=JKS+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/JKS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/JKS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/JKS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/JKS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/JKS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/JKS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/JKS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=JKS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/JKS
DTCC (dtcc.com): http://search2.dtcc.com/?q=JinkoSolar+Holdings+Co.%2C+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=JinkoSolar+Holdings+Co.%2C+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=JinkoSolar+Holdings+Co.%2C+Ltd.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/JKS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/JKS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/JKS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/JKS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/JKS/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/JKS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/JKS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=JKS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=JKS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=JKS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=JKS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=JKS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=JKS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=JKS+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/JKS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=JKS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/JKS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=JKS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/JKS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/JKS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/JKS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/JKS/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/JKS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/JKS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/JKS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=JKS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=JKS
$JKS DD Notes ~ http://www.ddnotesmaker.com/JKS
Beat by 0.48 eps/ beat by 71mil rev. I like $40 here realfast.. 6-12 months
Is Gordon Johnsonhead up to his usual tricks? CSOL just keeps on keepin on but looks like shorts are winnin easy despite
Thanks for the updates. Very helpful.
I think the 2016 and 2017 earnings estimates may be low. JKS states to have 1.5 GB connected to the grid by the end of the year. Once connected, this equates to approx. $40M per quarter revenue in just electric production proceeds. This is $1.30 earnings per quarter, $5.20 per year earnings just for there electricity production revenue. Go Jinko!!
Roth Capital reiterates its Buy rating and $40 price target on JinkoSolar Holding (NYSE: JKS) following Q4 results and outlook.Analyst ...
Following the strong quarterly results, Credit Suisse analysts raised the 2015 EPS from $4.01 to $4.13 and 2016 EPS from $5.81 to $6.18 to reflect higher-than-expected shipments this year, and moderately higher operating expenditure next. The company also introduced 2017 EPS estimate of $5.94.
Analysts have given the stock an Outperform rating with a price target of $45, which was reiterated following yesterday’s quarterly results. Morgan Stanley (NYSE:MS) analyst Boris Kan also reiterated his Neutral rating on the stock and maintained a price target of $31.
Meanwhile, Goldman Sachs Group Inc's (NYSE:GS) equity research analyst, Frank Lee, maintained a Neutral rating on the stock but revised down the price target by $1 to $25. The same was done by Jefferies analyst Joseph Fong, who maintained a Buy rating on the stock but lowered the price target from $37.70 to $35.30.
Overall, the stock receives coverage from nine analysts across the Street, and has an average price target of $35.10. Six analysts suggest a Buy, while only one recommends a Sell. Following the strong quarterly results, JinkoSolar’s stock price last closed up 4.2% at $22.81.
http://www.bidnessetc.com/35996-how-did-the-street-react-to-jinkosolar-holding-co-ltd-jks-q4-results/?utm_content=bufferea747&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer
credit suisse
Jinko Solar remains the lowest cost Tier 1 manufacturer, with cost/watt now approaching $0.45/w and targets of $0.40 - 0.41/w by YE2015
.
Mid-point of 2015 volume guidance (3.2-3.8 GW) was above our expectations. We revise our 2015/2016 EPS to $4.13/$5.81 from $4.01/$6.18
to reflect higher than expected shipments in 2015 and
moderately higher opex in 2016. We introduce 2017 EPS of $ 5.94
gamble paid off. Next Qtr, will be watching Put action, then if it's high, will wait to pre-market on earnings day to buy.
They did everything they said the would. Same thing happened last qtr selling off early then two dollars higher after analysts ratings
switched from SUNE to JKS through earnings next week
Thx for tip mate... Could be a little short covering for Xmas.. I suppose it also depends individually how much exposure each company has in US as to how much it hurts their bottom line
bookmark this site for China solar. Usually hit pieces. but today's positive.
http://blogs.barrons.com/asiastocks/search/solar/?s=solar
China Solar: Limited Impact From US Ruling, Analysts Say
By Shuli Ren
The U.S. Department of Commerce raised its anti-dumping tariffs and countervailing duties on Chinese solar companies. Trina Solar (TSL), for instance, is now asked to pay 26.71% anti-dumping tariffs and 49.79% countervailing duties versus 26.33% and 15.59% under the preliminary rulings earlier this year. Renesola (SOL) is now asked to pay 78.42% and 27.64% respectively.
But analysts from J.P. Morgan to RBC Capital Markets say the impact of the ruling is limited.
Here is J.P. Morgan’s Boris Kan:
The 2014 final determinations on AD & CVD for Chinese module producers only apply to modules, laminates and/or panels assembled in China using silicon PV cells produced outside China, and do not apply to modules, laminates and/or panels using PV cells produced in China (which will be covered by the 2012 final determinations on AD & CVD). As many major China solar module producers are already producing their own cells internally in China instead of relying on overseas imports, the 2012 AD & CVD rates will be applicable instead. As internal cell production costs are cheaper than overseas imports, we believe major China module producers can still make high single-digit / low double-digit gross margins for module sales to the US based on the current 2012 rates.
On a standalone basis, we believe the DOC’s ruling overnight will have limited direct impact on major listed Chinese module producers as most of their modules sold to the US are already using cells produced internally in China.
And Mahesh Sanganeria from RBC Capital Markets:
We believe the new ruling will have limited impact as Chinese solar companies have adjusted strategy since the preliminary decision.
Chinese solar companies adopted strategies to minimize the impact from the ruling. Three common strategies adopted are: 1) make modules 100% within China and pay tariffs under 2012 AD/ CVD investigation; 2) reduce reliance on the US market by shifting shipments.
Post the 2014 investigation preliminary ruling around mid-year, we believe most Chinese module companies elected to make solar panels fully in China and pay the AD/CVD rate under 2012 investigation. We estimate that gross margin for US shipment is currently in the high-single digit to low-double digit percentage range. We don’t expect any margin deterioration for US shipment following the 2014 investigation final ruling.
Having said that, both brokers said that the 2012 ruling would be under review next February and the Department of Commerce is biased towards increasing the 2012 rates.
December is a bad month for Chinese solar companies, with U.S. anti-dumping rulings and weak oil prices hovering the headlines. ReneSola fell 31.1%, Yingli Green Energy (YGE) dropped 31.1%, JinkoSolar (JKS) retreated 22.1%, Trina Solar fell 16.9%, and Canadian Solar (CSIQ) was down 11%.
Jks tsl headin up pre-market on bad news.. Figure that out.. Very few big plyrs controlling stocks like these atm
I only own SPWR at the moment. FSLR traded at a 52 week low Tuesday and should not have. Even SPWR has a plant in China and they are also at full capacity. The ETF will bring all down on this news. But the news came out before the close Tuesday, so maybe it's safe.
So the China solars have a problem with margins, not sales.
SCTY and VSLR do the same thing.
SUNE is unique. Waiting for the gap to close at 17.33
JKS and SPWR plus FSLR are stuck in the middle making, selling, keeping. Lessons learned from SUNE, if and when they spin off a yieldco be short the parent on IPO day.
CSIQ looked like it was coming off the lows. Shorts killed them. They have a problem matching in 2015 what they did this year. They won't give guidance unit spring. But good at pumping with press releases.
That certainly aint good news.. But u think Canadian can swerve these tariffs?.. Positive for fslr & spwr once oil finally settles.. How does it affect scty/sune?.. Cheers realfast
bad news
Duties Set by U.S. on Imports of China, Taiwan Solar Goods
By Mark Drajem Dec 16, 2014 7:03 PM ET
- Comments Email Print
http://www.bloomberg.com/news/2014-12-16/duties-set-by-u-s-on-imports-of-china-taiwan-solar-products.html
The Obama administration will set duties on solar products from China and Taiwan that combined could exceed more than 200 percent, adding fuel to a renewable-energy clash between the U.S. and China.
The Commerce Department also finalized today its plan to include in the tariffs any solar panels assembled in China, no matter the origin of the cells.
The department issued final duties on solar cells manufactured in China and Taiwan in a case brought by SolarWorld AG (SWVK), a German company with a factory in Oregon. The U.S. International Trade Commission must rule in the last step before the tariffs are finalized. A decision is due next month.
SolarWorld, based in Bonn, persuaded the Commerce Department in 2012 to apply tariffs on imports of solar cells from China. After the tariffs kicked in, imports of panels with cells made in Taiwan boomed, and SolarWorld a year ago said Chinese makers had shifted production to skirt the U.S. tariffs.
“These remedies come just in time to enable the domestic industry to return to conditions of fair trade,” Mukesh Dulani, U.S. president of SolarWorld, said in a statement. “The tariffs and scope set the stage for companies to create new jobs and build or expand factories on U.S. soil.”
A group that opposed the tariffs, the Coalition for Affordable Solar Energy, said the decision would undercut the growth of the industry in the U.S.
Undermines Pledges
“Taxing solar trade undermines both the spirit and efficacy of pledges made by the U.S. and China to Work together in the battle against global warming,” coalition president Jigar Shah said in an e-mailed statement.
Hanwha Solar (HSOL), a South Korean company with a cell factory in Malaysia, had tried to fend off the proposal to expand the penalties, saying it would get punished for making its cells outside of China.
The final duties set today include an increase in tariffs on products from China, and a 5 percentage point reduction in duties on those from Taiwan compared to the proposed rates set out earlier this year.
The department had set preliminary subsidy rates of up to 49.79 percent on imports from China, and dumping rates that averaged 52.13 percent for most importers for China. The highest dumping rate was set at 165.04 percent. Taiwanese producers face duties ranging from 11.45 percent to 27.55 percent, the department said.
http://www.oregonlive.com/business/index.ssf/2014/12/commerce_department_solar_pane.html
The Commerce Department on Tuesday locked in steep tariffs on Chinese and Taiwanese solar products in an effort to protect domestic makers of solar cells and panels.
SolarWorld Industries America Inc., the U.S. subsidiary of the German SolarWorld, has led the trade battle over allegations Chinese companies were benefiting from subsidies and "dumping" solar panels into the U.S. market below cost in an effort to undercut their competition. SolarWorld manufactures solar panels and cells at a plant in Hillsboro.
The United States has been collecting tariffs on Chinese and Taiwanese solar products since earlier this year, when it issued a preliminary decision in this case.
Tuesday's action puts those duties in places for at least five years.
The U.S. International Trade Commission must also sign off on the duties approved by the Commerce Department. That vote is expected Jan. 20.
Others in the solar industry, like panel installers, have opposed the tariffs, saying they drive up the cost of solar energy and slow wider adoption.
SolarWorld, meanwhile, has announced an expansion of its Hillsboro operations. Added capacity there will go online in January, and the company planned to increase the size of its workforce from 700 to 900.
I'm stuck in the office today, so I might not be quick to see any news on it. Twitter is your best bet, search on $JKS and leave it up all day
Any news on tariff ruling?
Volume very high already on csiq very early.. Based on prior performance the drop is absolutely not warranted.. Seems like a place to go bottom fishing. Cant see any other news which points to contrary..
I didn't listen to the CSIQ call. They did move some sales from Q4 to Q3, but they guided for the year higher. I bought on this drop. a little under water at the minute.
CSIQ had handy beats on earnings- chinese solar gettin hammered again.. You know of any negative news realfast?
I don't know what your referring too. JKS has a catch-22. They can report great installs, but if they retain some, it hurts the EPS and therefore a risk to estimates. So holding on earnings day is risky.
Trading before earnings, no problem.
SUNE up big in pre-market on a DOU which means nothing. Could retrace.
Realfast: Jinko has released some numbers there 'as of 30 Sept 2014'.. Any clues there for you as to Q3 results?.. SP isnt moving so I guess not much really..
Roth Capital Reiterates Buy On JinkoSolar, Following Posting Of Q2 And Q3 Guide
August 19, 2014 2:02 PM EDT by SA Staff in Exclusive Area, Technology
In a research note released today, Roth Capital analyst Philip Shen reiterated a Buy rating on JinkoSolar Holdings (NYSE: JKS) with a $40 price target, following JKS’s recently posted inline Q2 and Q3 guidance.
Shen wrote, “We believe investors are waiting to see how the market receives JKS’s anticipated yieldco IPO. On the back of yesterday’s news of China pursuing a trade war settlement, we would expect the Chinese solar complex, including JKS, to be up on the higher probability of reaching an agreement with better-than-expected industry profitability in the US.”
Shen added, “With an inline Q2 and Q3 guide, the biggest news from the quarter was that (1) GM expectations may need to be a touch lower, with management loosely indicating a range of ~19-21% on lower ASPs and (2) JKS was outbid for the Topoint assets (wafer: 500MW, cell: 500MW, module: 100MW) by the deep-pocketed Wanxiang Group, suggesting greater competition ahead in the module business. Notably, without the Topoint assets, the company still expects to achieve 2.3GW of wafer, 1.8GW of cell, and 2.8GW of module capacity by Q3’14, so we don’t expect the loss of Topoint to cause much disruption. The IPO of ~800MW of project assets is expected at YE’14 or early 2015 and could be an upside catalyst for the stock, but it’s not a foregone conclusion. We believe JKS’s story remains intact without much change to the overall narrative.”
http://www.smarteranalyst.com/2014/08/19/roth-capital-reiterates-buy-on-jinkosolar-following-posting-of-q2-and-q3-guidance/
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306
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08/25/10
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