JinkoSolar (NYSE:JKS) Releases Quarterly Earnings Results, Beats Expectations By $2.09 EPS

JinkoSolar (NYSE:JKS) issued its earnings results on Friday. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.11) by $2.09, reports. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.42 billion. JinkoSolar had a negative return on equity of 10.03% and a negative net margin of 5.85%.

Here are the key takeaways from JinkoSolar’s conference call:

• Positive Sentiment: Third-quarter performance improved substantially, with gross margin rising to 12.3% from 4.2% in Q2, while adjusted net loss narrowed to $1.2 million from $134 million sequentially. Lower operating expenses and greater contributions from high-efficiency modules and energy storage drove the improvement.
• Positive Sentiment: Energy storage gained momentum, generating approximately 1.75 GWh of recognized revenue and positive operating profit for the first time. Management expects roughly 10 GWh of system shipments for full-year 2026, although revenue recognition will lag shipments because projects typically require six to 12 months for acceptance and commissioning.
• Positive Sentiment: High-efficiency Tiger Neo 3.0 module shipments exceeded 5 GW in Q3, representing about 30% of volume and commanding an approximately $0.01-per-watt premium; the mix is expected to reach roughly 40% in Q4. Management expects module shipments of 16–18 GW in Q4 and believes pricing has bottomed and may stabilize or recover in 2027.
• Negative Sentiment: Q4 margins face pressure from a higher share of China shipments, deliveries under previously signed long-term contracts, elevated logistics and energy costs, and volatile commodity prices. Management said gross margin may still benefit from higher-margin products and storage, but overall expansion is uncertain.
• Neutral Sentiment: The company is broadening its strategic investment focus beyond solar and storage into AI, semiconductors, advanced materials, and other frontier technologies. Its portfolio had approximately RMB 2.05 billion in fair value at quarter-end and generated RMB 327 million of gains in the first nine months, but management emphasized selective capital deployment and ongoing portfolio exits.

JinkoSolar Stock Performance

Shares of JinkoSolar stock traded up $0.43 on Friday, reaching $8.66. The stock had a trading volume of 590,520 shares, compared to its average volume of 725,454. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.84 and a current ratio of 1.13. The business’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $19.19. The stock has a market cap of $459.89 million, a P/E ratio of -0.92 and a beta of 0.52. JinkoSolar has a fifty-two week low of $7.82 and a fifty-two week high of $31.88.

Analyst Upgrades and Downgrades

JKS has been the subject of a number of recent analyst reports. Roth Capital decreased their price target on JinkoSolar from $25.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Freedom Broker downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings reissued a “sell (d)” rating on shares of JinkoSolar in a research note on Monday, August 3rd. Zacks Research raised shares of JinkoSolar from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen cut JinkoSolar from a “sell” rating to a “strong sell” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.88.

About JinkoSolar

JinkoSolar Holding Co, Ltd. is a global solar photovoltaic (PV) manufacturer that develops and produces products used to convert sunlight into electricity. The company’s portfolio includes silicon wafers, solar cells, PV modules and related energy-storage products, serving utility-scale solar projects as well as commercial, industrial and residential customers.

Founded in 2006, JinkoSolar has developed a vertically integrated manufacturing business spanning much of the solar supply chain.