Tuesday, August 19, 2014 2:57:47 PM
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/
Recent JKS News
- JinkoSolar's Perovskite Tandem Solar Cell Based on N-type TOPCon Sets New Record with Conversion Efficiency of 33.24% • PR Newswire (US) • 05/31/2024 10:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/30/2024 08:04:25 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 10:36:38 AM
- JinkoSolar's 2000-Volt Module First to Achieve UL Certification • PR Newswire (US) • 05/20/2024 11:32:00 AM
- JinkoSolar Delivers More than 1.1 Million Tiger Neo Modules to One of The Largest PV Projects in Germany and Europe • PR Newswire (US) • 05/13/2024 12:17:00 PM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- JinkoSolar Repurchased 4,203,178 ADSs under Its Share Repurchase Program • PR Newswire (US) • 04/29/2024 10:47:00 AM
- JinkoSolar Announces First Quarter 2024 Financial Results • PR Newswire (US) • 04/29/2024 10:45:00 AM
- JinkoSolar Provides Information on a Fire Accident at One of Its Wafer Slicing and Cell Manufacturing Workshops • PR Newswire (US) • 04/28/2024 11:11:00 AM
- JinkoSolar Once Again Tops PV Tech's 2024 Q1 ModuleTech Bankability Report with AAA Rating • PR Newswire (US) • 04/26/2024 12:24:00 PM
- JinkoSolar Files 2023 Annual Report on Form 20-F • PR Newswire (US) • 04/25/2024 12:46:00 PM
- JinkoSolar to supply Nyox Srl with 100MW Tiger Neo modules • PR Newswire (US) • 04/23/2024 09:09:00 AM
- JinkoSolar to Report First Quarter 2024 Results on April 29, 2024 • PR Newswire (US) • 04/22/2024 06:48:00 AM
- JinkoSolar Recognized as a Tier 1 Energy Storage Provider by Bloomberg New Energy Finance • PR Newswire (US) • 04/19/2024 11:49:00 AM
- JinkoSolar Repurchased 3,246,425 ADSs under Its Share Repurchase Program • PR Newswire (US) • 04/18/2024 10:20:00 AM
- JinkoSolar Receives Top Brand PV Award USA 2024 • PR Newswire (US) • 04/02/2024 12:17:00 PM
- JinkoSolar Repurchased 1,753,178 ADSs under Its Share Repurchase Program • PR Newswire (US) • 03/29/2024 10:13:00 AM
- U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip • IH Market News • 03/20/2024 11:17:32 AM
- JinkoSolar Announces Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 03/20/2024 09:44:00 AM
- JinkoSolar to Report Fourth Quarter and Full Year 2023 Results on March 20, 2024 • PR Newswire (US) • 03/13/2024 07:27:00 AM
- JinkoSolar Becomes Premium Sponsor of the Team Gresini Racing for MotoE World Championship 2024 • PR Newswire (US) • 02/28/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/27/2024 01:34:07 PM
- JinkoSolar's Subsidiary Jinko Solar Co., Ltd. Announces Certain Preliminary Unaudited Financial Results for Full Year 2023 • PR Newswire (US) • 02/27/2024 11:59:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 12:10:31 PM
- JinkoSolar Unveils its First Neo Green Panels Produced with Renewable Energy • PR Newswire (US) • 02/26/2024 10:04:00 AM
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