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JinkoSolar (JKS)

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1 hour ago, Klothilde said:

Jinko losing out to rival in record-setting tender in Dubai:

Interesting the lowest bid is from ACWA the winner of the last bid even though they bid higher than Masdar/Jinko in the last round. This suggests ACWA might have be a preferred company by DEWA.

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16 hours ago, SCSolar said:

Picked me up some JKS today for a short term trade into earnings.

Good luck to you. More guts than I have right now. I’m hoping to sell half my FSLR today. Will hold the other half and see what happens tonight. 

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2 hours ago, Klothilde said:

How come Jinko doesn't inform us that they have construction on a $100M project in Mexico halted because of a lawsuit?  Is it because they have to paint a rosy picture ahead of their next secondary in early 2020?

This sounds like it is a broader policy decision by the new president of Mexico. The Trumpite who wants to turn back the push for renewables and go with legacy coal and gas plants. This article seems to indicate as part of the policy, they want to get rid of private builders of power plants and have the CFE build the energy projects. That is why your article talks about both Solar and Wind projects being halted.  It also indicates in the article the dispute is over things the CFE wants done that the builders indicate they have done. This would be bad for all renewables in general if they are trying to halt the projects.



After several successful rounds of renewables auctions under the previous administration, AMLO abruptly reversed course, canceling future auctions. Instead, AMLO is putting his support behind fossil fuels. For example, earlier this month he ordered a new natural gas combined cycle plant to be built in the Yucatan.

This is part of a broader move to pull back from Mexico’s energy reforms and return control of the sector to state-owned companies like CFE, the state-owned electric utility. AMLOs decision means moving forward there will be fewer private companies building renewables in Mexico, and more CFE-owned projects. CFE director general says, “Why should we buy power, if we can produce it?”

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