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JinkoSolar (JKS)

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explo    671

Up 18% today on no news. I thought it was too cheap when it traded at $2.00, but I can't explain recent strength since it landed at $3.50. Maybe has something to do with LDK trouble, and provincial politics. Will Jinko as Jiangxi's other big solar benefit from the LDK situation?

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dydo    1,423

Perhaps someone is putting out the offer. This could be the case. They all went up today hover. By the 10th CVD and AD results suppose to be out. It could be some pre-decision shuffle.

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Guest Uncle Chang   
Guest Uncle Chang

JKS won't be affected by the decision, they only sold 16mw here last Q but all with outsourced Cells using their own Wafer. EU's decision in Febuary will have 3 month retroactive effects, that's why the Chinese have been busy dumping, I think they've finished that just before the Nation day holiday. The longer than expected shutdown during this holiday may also help with inventory build-up, it's reasonable they rally a little now along with the genral market. :love:

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dydo    1,423

SHANGHAI, Oct. 22, 2012 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced it has won a bid from China Three Gorges New Energy Corp. ("CTGNE"), a wholly-owned subsidiary of China Three Gorges Corporation ("CTGC"), to supply 50-megawatt solar modules for a PV power plant in Gansu Province, China. CTGNE is wholly-owned subsidiary of CTGC, which is one of the largest state-owned power corporations in China, with more than RMB300 billion in assets. CTGNE specializes in renewable energy investment and operations, including wind, solar, and hydropower as well as other clean energy technologies. CTGNE has been vigorously developing solar power plants in recent years. "Our goal is to drive China's future in renewable energy, and in particular solar power which has proven to be one of the most feasible and eco-friendly solutions," said Mr. Zhengfeng Yang, Project Deputy General Manager of Three Gorges New Energy. "We feel excited to work with JinkoSolar to make electricity from solar power more competitive and economical." "We are very pleased to be working with Three Gorges New Energy to deliver cost-competitive solar power on 50-MW scale," said Mr. Xiande Li</person>, Chairman of JinkoSolar. "By combining our high-efficiency solar technology and CTGNE's experience in financing and management of clean energy projects, we are confident that this project will maximize the solar energy generated over the span of system's life. The increased amount of electricity being generated from renewable energy sources, from solar in particularly, will gradually change the Chinese energy portfolio. "This strategic partnership with Three Gorges New Energy will further strengthen the Company's position in China's renewable market. We look forward to future cooperation between our two companies including joint exploration of hybrid solar-wind solution projects with them," added Mr. Xiande Li</person>.

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dydo    1,423

they sold a bit more on credit, receivable accounts up 44M, TSL paid 144M in accounts payable, wow.

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Guest Klothilde   
Guest Klothilde

Holy smokes, only 47 cents processing cost and 59 cents production cost ! Any guess for the split? 12-13-22 for W-C-M ?

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explo    671

12-13-22 for W-C-M ?

Yes, that would be my guess too. Nice to achieve this already. I was looking for 48 cents by Q4.

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dydo    1,423

A lot of companies are looking to go global and by assets. They are sensing things are turning around, and the bottom dollar will be rising.

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explo    671
http://finance.yahoo.com/news/jinkosolar-jointly-invest-develop-200-090000535.html 200 MW plant JV with SOE at 1.6 $/W investment. We see more and more of these JVs between panel suppliers and BOS suppliers. It takes some cash flow toll, since the revenue for your panels is basically a stake in a plant instead of cash, but it's a good way to generate revenue from current business structure while changing the future structure to more recurring or higher revenue as a plant owner or seller. Big plant nice cost. At that level if they get 13 cents per kwh the plant generates 12% IRR assuming average globe insolation. It's a quicker and more free buck if you can sell panels for cash in high ASP countries like Japan and USA though.

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