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

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

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 Up 4.7%

Shares of NYSE:JKS traded up $0.39 during trading hours on Friday, reaching $8.62. The stock had a trading volume of 1,148,243 shares, compared to its average volume of 676,473. JinkoSolar has a 1 year low of $7.82 and a 1 year high of $31.88. The firm’s 50 day moving average is $10.36 and its 200-day moving average is $19.08. 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 stock has a market capitalization of $457.72 million, a price-to-earnings ratio of -0.92 and a beta of 0.52.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen downgraded JinkoSolar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 26th. Weiss Ratings reissued a “sell (d)” rating on shares of JinkoSolar in a research report 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, October 26th. The Goldman Sachs Group set a $11.00 price objective on shares of JinkoSolar in a report on Thursday, August 27th. Finally, Freedom Broker downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, JinkoSolar presently has a consensus rating of “Hold” and a consensus target price of $19.88.

Key Stories Impacting JinkoSolar

Here are the key news stories impacting JinkoSolar this week:

• Positive Sentiment: JinkoSolar reported a quarterly loss of approximately $0.02-$0.03 per share, substantially better than analysts’ expected loss of $1.14-$2.11 per share and an improvement from the $1.00 loss reported a year earlier. The earnings surprise likely provided support for the stock. Jinko Holdings Reports Q3 Loss, Lags Revenue Estimates
• Positive Sentiment: The company said shipments of its higher-end Tiger Neo 3.0 modules exceeded 5 gigawatts during the quarter and achieved a premium of about $0.01 per watt over conventional modules. Continued premium-product adoption and progress in energy storage could improve product mix and margins over time. Jinko Holdings Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: Management discussed the company’s operating performance, product strategy and storage pipeline during the earnings call. Investors will likely look for additional detail on demand, pricing and the timing of a return to profitability. Jinko Holdings Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst coverage cited a consensus price target of $19.88, substantially above the recent trading range. However, the target is forward-looking and does not remove the company’s near-term financial risks. JinkoSolar Consensus Target Price
• Negative Sentiment: Revenue fell short of expectations at $2.03 billion versus an estimated $2.42 billion. JinkoSolar also posted a negative net margin and negative return on equity, highlighting that the earnings beat reflects lower-than-expected losses rather than a return to sustainable profitability. JinkoSolar Third Quarter Earnings Report
• Negative Sentiment: Chief Financial Officer Mengmeng Li resigned effective October 30, adding leadership-transition uncertainty at a time when JinkoSolar is under pressure to improve profitability and manage its balance sheet. Jinko Holdings CFO Change

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.