Categories Analysis, Earnings, Energy

JinkoSolar Q3 2018 Earnings Preview: All eyes on import tariff impact on Chinese firms

Chinese solar giant JinkoSolar (JKS) is expected to post its quarterly results before opening bell on Monday, Nov. 26. The market expects earnings of $0.61 a share on revenue of $989 million for the three-month period.

Earlier this year, solar companies from China faced tariffs imposed by the Trump administration. However, it seems that the dust is settling, even as eyes would be on the changing landscape between China and the US during the quarterly earnings call.

JinkoSolar Q3 2018 Earnings Preview
An 8.28 KW residential solar installation in Pennsylvania (COURTESY: JinkoSolar)

Back in August, JinkoSolar had slipped as much as 27% in trade on the day it posted second-quarter results. Investors were not happy with the numbers they say, even as shipments jumped 38.7% to 2,794 MW and revenue soared 32.7% to $915.9 million.

However, earlier this month, JinkoSolar shares jumped 16.5% after reports of a reversal in policy back in China that would benefit solar firms. Earlier, the Chines govt had suggested that further production of panels might go down as it achieved targets. However, recent findings suggest that the targets may be ramped up to more than twice the initiation projection. Shares moved on the hope that the Chinese government may raise the solar capacity goal of 2020 to 210-270 gigawatts.

JinkoSolar Holding second quarter 2018 earnings

When we take the ownership of the company into consideration, JinkoSolar already has institutions on the share registry — they own 21% share. With analysts of these institutions liking the stock, they are hoping for the solar company to do good. While risks of a ‘crowded trade’ are high in such a stock, it would be good to keep in mind the metrics of Jinkosolar when it reports results next week.



Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight