JinkoSolar (JKS) AI Stock Analysis

• Market Cap: $1.27B
• Dividend Yield: 11.08%
• Average Volume (3M): 517.66K
• Price to Earnings (P/E): 118.1
• Beta (1Y): 1.22
• Revenue Growth: -30.26%
• EPS Growth: -156.69%
• Country: US
• Employees: 33,830
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -1.23
• Shares Outstanding: 51,652,440
• 10 Day Avg. Volume: 649,546
• 30 Day Avg. Volume: 517,660
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 4.03
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.73
• Enterprise Value/Ebitda: -1.92
• 1Y Price Target: $22.00
• Price Target Upside: -11.72% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: $22.00 ▼(-11.72% Downside)

JinkoSolar's overall stock score reflects a challenging financial situation marked by high leverage and declining profitability. While technical indicators and earnings call guidance offer some positive elements, they are outweighed by significant financial and valuation concerns, particularly the negative P/E ratio and declining revenue.

Positive Factors

Technological Advancements

JinkoSolar's advancements in TOPCon technology enhance product efficiency, strengthening its competitive edge in the solar market.

Cash Reserves

Robust cash reserves provide JinkoSolar with financial flexibility to invest in growth opportunities and weather market fluctuations.

Energy Storage Expansion

Expanding energy storage capabilities positions JinkoSolar to capitalize on growing demand for integrated solar solutions.

Negative Factors

High Leverage

High leverage can strain JinkoSolar's financial stability, limiting its ability to invest in growth and manage economic downturns.

Declining Profitability

Significant declines in profitability may hinder JinkoSolar's ability to sustain operations and invest in future growth.

Challenges in U.S. Market

Trade policy challenges in the U.S. market could limit JinkoSolar's growth potential in a key region, impacting revenue.

JinkoSolar Business Overview & Revenue Model

Company Description

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of March 31, 2022, it had an integrated annual capacity of 40 gigawatts (GW) for mono wafers; 40.0 GW for solar cells; and 50.0 GW for solar modules. The company has operations in the People's Republic of China, the United States, Mexico, Australia, Japan, United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, and Germany. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People's Republic of China.

How the Company Makes Money

JinkoSolar generates revenue primarily through the sale of its solar modules and related products. The company operates a vertically integrated business model, which allows it to control the entire manufacturing process, from silicon ingots to finished solar panels. Its key revenue streams include direct sales to solar project developers, distributors, and installers, as well as partnerships with utility companies for large-scale solar projects. Additionally, JinkoSolar benefits from government incentives and subsidies aimed at promoting renewable energy, which enhance its profitability. The company also engages in strategic collaborations and joint ventures that expand its market reach and enable the development of innovative solar technologies, further contributing to its earnings.

JinkoSolar Financial Statement Overview

Summary

JinkoSolar's financial statements reveal a cautious position with declining profitability and inconsistent revenue growth. The balance sheet is heavily leveraged, posing financial stability risks, while cash flow improvements are promising but challenged by high capital expenditures.

Income Statement

JinkoSolar's income statement reveals mixed performance. The gross profit margin has decreased from previous years, signaling cost management issues. The net profit margin is positive but has declined significantly, reflecting decreased profitability. Revenue growth has been inconsistent, with a recent downturn indicating potential demand challenges. The negative EBIT in the latest year is concerning, although EBITDA remains positive, suggesting some resilience in cash generation.

Balance Sheet

The balance sheet reflects high leverage, as indicated by a substantial debt-to-equity ratio, which poses financial stability risks. The return on equity has decreased, impacting shareholder returns. Equity ratio improvements show some strengthening of the capital structure, yet the high debt level remains a significant concern.

Cash Flow

Cash flow analysis highlights an improvement in operating cash flow, but capital expenditures remain high, impacting free cash flow. The transition from negative to positive free cash flow is a positive sign. However, the operating cash flow to net income ratio indicates potential challenges in converting profit to cash, and the free cash flow to net income ratio suggests room for improvement in financial efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.06B	92.26B	118.68B	83.13B	40.83B	35.13B
Gross Profit	6.97B	10.06B	19.05B	12.28B	6.66B	6.17B
EBITDA	-2.67B	9.22B	16.85B	5.82B	3.73B	2.63B
Net Income	-1.87B	54.54M	3.45B	620.51M	721.02M	230.38M
Balance Sheet
Total Assets	122.25B	124.88B	135.83B	108.66B	72.98B	53.23B
Cash, Cash Equivalents and Short-Term Investments	27.38B	27.74B	17.08B	10.35B	8.47B	8.05B
Total Debt	42.57B	36.66B	56.79B	47.78B	37.29B	27.62B
Total Liabilities	90.63B	90.56B	102.30B	81.66B	58.70B	40.24B
Stockholders Equity	18.40B	19.87B	20.16B	16.34B	11.05B	9.99B
Cash Flow
Free Cash Flow	0.00	7.48B	-2.02B	-18.05B	-8.22B	-3.54B
Operating Cash Flow	0.00	16.85B	13.83B	-5.80B	430.65M	591.49M
Investing Cash Flow	0.00	-2.90B	-15.16B	-12.27B	-11.31B	-4.92B
Financing Cash Flow	0.00	-6.27B	8.64B	20.02B	12.02B	6.30B

JinkoSolar Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 24.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JKS, the sentiment is Neutral. The current price of 24.92 is above the 20-day moving average (MA) of 24.14, above the 50-day MA of 23.42, and above the 200-day MA of 20.82, indicating a neutral trend. The MACD of 0.65 indicates Negative momentum. The RSI at 50.50 is Neutral, neither overbought nor oversold. The STOCH value of 42.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JKS.

JinkoSolar Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENPH	73 Outperform	5.02B	30.27	19.84%	―	4.39%	37.70%
RUN	57 Neutral	3.83B	-1.43	-87.71%	―	3.27%	-81.63%
JKS	53 Neutral	$1.27B	118.10	-9.49%	11.08%	-30.26%	-156.69%
SEDG	51 Neutral	2.10B	-1.18	-334.37%	―	-36.07%	-233.14%
CSIQ	50 Neutral	783.58M	-113.26	1.28%	―	-9.11%	-118.62%
MAXN	44 Neutral	62.69M	-0.02	209.06%	―	-54.68%	63.56%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

JinkoSolar Corporate Events

JinkoSolar Finalizes Sale of Subsidiary Shares

On September 18, 2025, JinkoSolar announced the completion of the sale of 300,156,075 A shares of its subsidiary, Jinko Solar Co., Ltd., listed on the Shanghai Stock Exchange’s Sci-Tech Innovation Board. The shares were sold to institutional investors at RMB4.90 per share, reducing JinkoSolar’s ownership to approximately 55.59%. This strategic move is likely to impact the company’s financial positioning and market strategy, potentially influencing stakeholder interests and the company’s operations in the solar industry.

JinkoSolar Announces Sale of A Shares in Subsidiary to Boost Operations

On September 12, 2025, JinkoSolar announced its intention to sell up to 300,156,075 A shares of its subsidiary, Jinko Solar Co., Ltd., to qualified institutional investors through an inquiry transfer and placement. This move aims to strengthen the company’s cash flow, support ongoing operations, and enhance resilience to risks, while maintaining future shareholder returns. The sale, subject to market conditions, will reduce JinkoSolar’s equity interest in its subsidiary from approximately 58.59% to 55.59%.

JinkoSolar Reports Record Solar Module Shipments and Efficiency Milestones in H1 2025

On August 27, 2025, JinkoSolar announced its business highlights for the first half of 2025, reporting total module shipments of 41.8 GW, with over 60% directed to overseas markets. The company achieved a milestone by delivering a total of 350 GW of solar modules globally by June 30, 2025. JinkoSolar set new records in cell and module efficiencies, with significant advancements in TOPCon technology, and projects that high-efficiency capacity will continue to grow. Looking ahead, JinkoSolar expects its module shipments to range between 85.0 GW and 100.0 GW for the full year 2025, with substantial increases in production capacity anticipated by the year’s end.