Jump to content
Sign in to follow this  
explo

JinkoSolar (JKS)

Recommended Posts

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?

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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:

  • Upvote 1

Share this post


Link to post
Share on other sites

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>.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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 ?

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
Guest greensolar

JinkoSolar Unveils World's First Double 85 Certified PID Free Solar Module

SHANGHAI, Jan. 18, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today unveiled its new series of "Eagle" solar modules. The Eagle series modules represent a new standard for high performance and reliability and are the world's first potential induced degradation ("PID") free modules to be certified under weather conditions of 85 Degrees Celsius 85% relative humidity.

The Eagle series modules feature JinkoSolar's innovative cell and assembly technology which enables it to resist PID under the toughest weather conditions and are of reaching 260 Watts peak power output; a record for commercially available mass-produced modules.

</iframe>"With the introduction of our Eagle series solar modules, JinkoSolar is leading the way in the adoption of new industry standards with PID free modules in mass production," said CEO Kangping Chen. "In response to the increasing demand by our customers and partners, JinkoSolar was able to rapidly develop PID free modules to reduce the risk involved and guarantee the greatest return on investments. As such, we are demonstrating JinkoSolar's commitment to consistently delivering the most reliable solar technology and the best quality products on the market."

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing China; Munich, Germany; Bologna, Italy;Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia;Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of September30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium,Spain, the United States, France, Eastern Europe, China, India and other countries and regions.

http://www.morningstar.com/advisor/t/69880668/jinkosolar-unveils-world-s-first-double-85-certified-pid-free-solar-module.htm

Share this post


Link to post
Share on other sites

I hope they (big players chasing market-share) try to expand capacity through consolidation this time. Bargains will likely be better 1H than 2H of 2013.

Share this post


Link to post
Share on other sites
Guest sleepy

My first post! I like the way Jinko was earlier than some of the others with the intention to expand downstream to projects. They seem to be looking for long term sustainable growth. I was wondering if their new bond sale was to finance some of these projects

Share this post


Link to post
Share on other sites

welcome in! I am thinking more of the working capital but certainly to a degree some of it was used for financing. When you say new, you mean two quarters or so ago?

Share this post


Link to post
Share on other sites
Guest sleepy

Thanks for the reply. I'm just going from a post on the yahoo jks board by mrsetion about new 800 yaun 6 year bond issue. I have seen no other links or reporting of this yet so I take it with a grain of salt. I have 10k shares of jks. Its my only solar holding. I 've accumulated over the past 16 months averaged around 6 dollars cost.

Share this post


Link to post
Share on other sites
Guest sleepy

Thanks Odyd12. Thats probably where this is comming from. I remember reading your article before and I considered it was just jinko attempting to restructure their debt for better long term rates as well as raising some additional capital. Its possible they are waiting for better solar outlook to get the bond sales to go the way they want. Maybe thats why we haven't heard anything yet. Thus the confusion I had.

Share this post


Link to post
Share on other sites

Thanks for the reply. I'm just going from a post on the yahoo jks board by mrsetion about new 800 yaun 6 year bond issue. I have seen no other links or reporting of this yet so I take it with a grain of salt. I have 10k shares of jks. Its my only solar holding. I 've accumulated over the past 16 months averaged around 6 dollars cost.

Here it is: http://finance.yahoo.com/news/jinkosolar-announces-issuance-six-bonds-090000482.html Interest rate is 9%. Prior bonds financing has been cheaper for JKS if I remember correctly.

Share this post


Link to post
Share on other sites

Arghhh...I sold a very large chunk of JKS to "rebalance", and put it into SOL. Lets hope that "undervalued" little brother to JKS (literally) finally takes off!

Share this post


Link to post
Share on other sites

(excuse the pun) http://phx.corporate-ir.net/phoenix.zhtml?c=234421&p=irol-newsArticle_Print&ID=1786640&highlight= I quite like Jinko and Yingli's product offering and am a bit puzzled about their substantial resignation from the international markets competition to focus so much on the domestic market (being world's biggest Yingli still has significant international footprint though). In my understanding supplying utility segment in China cannot help margins, since you would have to bid very low on your module pricing, right? JASO and TSL are also increasingly committing to supply China. I'm I missing something? What's the board's take on this? Obviously with China being biggest installer now, that's going to soak up a lot of the supply to ease the competition on international markets. I'm just a bit surprised about which names took the easy utilization road here..

Share this post


Link to post
Share on other sites
Guest sony1

Yes, you missed the train lol. They installed 200mw in China in H2 2012 and asp in those quarters was about on par with csiq I think, remember they save on shipping costs domestically, 2c or something. Btw China is the biggest market globally in 2013, Jinko has a very strong position there.

Share this post


Link to post
Share on other sites

Yes, you missed the train lol.

Not really. I went almost all-in in JKS @ 2.19, but now I don't think the relative valuation is as attractive anymore. A lot of things are attractive, but not the change in stock price and geographic footprint. So you are saying that sales in China a la Jinko will have ASP on par with CSIQ sales in Canada, Japan and US? I've assumed the opposite and that we'll see that trend when Q4 is reported. Opex are saved by shipping to China, but I still have a hard time seeing it as an advantage over international shipment (I can see why it can be an advantage to no shipments and idle capacity). An valid explanation would be that ASP diff between China and other markets will narrow. This is a possibility. What does the board think? Understanding this is quite critical for picking the right names here, since some are very China exposed.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Donate

    Please donate to support this community. We appreciate all donations!

    Donate Sidebar by DevFuse
  • Upcoming Events

    No upcoming events found
  • Forum Statistics

    • Total Topics
      32
    • Total Posts
      91,598
  • Who's Online (See full list)

    There are no registered users currently online



×
×
  • Create New...