JinkoSolar (NYSE:JKS) Posts Earnings Results, Misses Estimates By $1.78 EPS

JinkoSolar (NYSE:JKS) posted its quarterly earnings data on Wednesday. The semiconductor company reported ($2.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.75) by ($1.78), Zacks reports. JinkoSolar had a negative return on equity of 9.93% and a negative net margin of 5.85%.The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.17 billion.

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

• Industry oversupply continued to pressure profitability. Q2 revenue fell 31% year over year to $1.82 billion, gross margin declined sequentially to 4.2% from 8.3%, and the operating loss margin widened to 11.6%.
• Management cut full-year 2026 module shipment guidance to 60–70 GW, citing weaker Chinese demand, trade barriers, and a decision to prioritize profitability, cash flow, and order quality over volume; Q3 shipments are expected at 15–17 GW.
• JinkoSolar expects more than 40 GW of TOPCon 3.0 capacity by year-end and reported that its Tiger Neo 5.0 modules achieved 25.91% mass-production efficiency and over 700 watts of output. Higher-efficiency products are expected to benefit from new minimum energy-efficiency standards and increasingly value-focused project tenders.
• The company reported positive operating cash flow in the first half and expects full-year cash flow to improve from 2025, while debt declined sequentially and leverage improved from the start of the year. Management also expects Q3 ASPs and gross margin to improve as premium-product shipments rise and new production facilities reach full operation.
• Energy storage shipments reached 3.1 GWh in the first half, up significantly year over year, with more than 1 GWh recognized as revenue in Q2; full-year ESS shipments are expected to more than double. JinkoSolar is pursuing an asset-light storage strategy centered on solutions, PCS/EMS capabilities, and partnerships rather than major capacity expansion.

JinkoSolar Price Performance

Shares of JKS opened at $13.50 on Friday. JinkoSolar has a 12-month low of $13.04 and a 12-month high of $31.88. The business’s fifty day moving average is $16.08 and its 200 day moving average is $21.08. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The stock has a market cap of $707.20 million, a P/E ratio of -1.45 and a beta of 0.52.

JinkoSolar Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd were given a dividend of $1.50 per share. This represents a dividend yield of 837.0%. The ex-dividend date of this dividend was Monday, June 22nd. JinkoSolar’s dividend payout ratio is presently -15.20%.

Insider Buying and Selling at JinkoSolar

In other news, Director Wing Keong Siew sold 16,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total transaction of $263,840.00. Following the completion of the sale, the director directly owned 170,000 shares of the company’s stock, valued at $2,803,300. The trade was a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.80% of the company’s stock.

Institutional Trading of JinkoSolar

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in JinkoSolar during the 2nd quarter valued at $47,000. Federation des caisses Desjardins du Quebec boosted its holdings in JinkoSolar by 277.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 5,211 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in JinkoSolar in the 4th quarter worth about $209,000. Russell Investments Group Ltd. bought a new position in shares of JinkoSolar during the 4th quarter worth approximately $215,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after buying an additional 10,941 shares during the last quarter. 35.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKS has been the topic of a number of analyst reports. Roth Capital reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of JinkoSolar in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a report on Monday, August 3rd. The Goldman Sachs Group set a $11.00 price objective on JinkoSolar in a research note on Thursday. UBS Group lifted their target price on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.88.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.