JinkoSolar (JKS)

[Pop2mollys 417]

Is it fair to say the companies getting loans after STP bk are the ones china feels are strongest and will continue to back as demand ramps? So JKs,TSL, and SOL in last couple weeks all got loans from CDB? YGE almost guaranteed to be next....

[Pop2mollys 417]

BTW odyd any thoughts of challenging Jesse and Gordo? That would be amazing....

[Guest solarcat]

With the balance sheet that YGE has as well as negative margins, I would not be surprised if CDB said no. TSL and SOL have positive margins at least and have shown that are making progress. I assume JKS as well even though they report April 10th.

[Pop2mollys 417]

Wait I thought Gordo just said week or two ago YGE and TSL face problems paying debt? What just happened? "Compared with Suntech, which couldn’t meet bond payments when due, Trina and Yingli have enough cash to meet their liabilities of convertible debt, Axiom’s Johnson said. Trina had $807 million in cash by the end of 2012, while Yingli had a cash balance of $490 million, according to data compiled by Bloomberg. Suntech and LDK haven’t reported 2012 results." http://mobile.bloomberg.com/news/2013-04-04/suntech-to-ldk-slide-on-debt-as-vipshop-gains-overnight.html

[Guest o1mbd]

If brother number 1 can get the loan, i am sure bro number 2 will not have any problem getting loans. They are all connected.

[Guest Lepv123]

for JKS!! How much more tightly wound can a spring get?

[cls180 62]

I would imagine it's a point of pride for the short seller to take a stock back to a retest of an all time low. Wait for $2, then get excited.

[Guest Lepv123]

You really think we will test $2? I really don't believe that. In fact, I think we will start heading back to $5 level before earnings, then maybe retrace back to mid to low $4s after earnings.

[Pop2mollys 417]

Game over for shorts... They won the last 5 weeks... Longs take control next week

[cls180 62]

The chart has some support in the $3.50 range but if that breaks there is empty air between there and a retest of the lows.

[Guest Djovanny]

Im ready to add TSL under 3.00 SOL under 1.50 ... JKS first target 4.xx . but againe its just my opinion

This what i sayd on march 13 .Jks failed to hold it , means most likely will go under 3 . Do your own DD

[*]

[Guest Lepv123]

does this have any positive reflection on JKS?

[pg6solar 113]

As expected, they all move as a pack.

[Dan 17]

I think JKS would reach profitability before than TSL. JKS is running at 100% utilization rate some months ago, with just 1.3GW module capacity, they now have more demand than they can deliver, so they are selecting who are selling to, placing their modules where they can earn more (maximizing ASP). At the same time, they buy almost all their poly on the spot market, in relative large amounts (for spot market), so they probably can get the lowest prices of the spot price range (better than any contract, at least for the moment).. And they are also very focused in getting down processing costs, they do not spend so much in R&D, but keep buying new equipment from top notch technology developers like GT Solar.. I don´t know if they can back to black in Q1 or Q2 or Q3, buy I think JKS can give a good surprise this wednesday.. just MHO

[pg6solar 113]

JKS is running at 100% utilization rate some months ago, with just 1.3GW module capacity, they now have more demand than they can deliver, so they are selecting who are selling to, placing their modules where they can earn more (maximizing ASP).

Well based on latest export data (if correct), both 1.3GW capacity and selling into highest ASP markets are debatable.

[Dan 17]

Well, that`s the CEO words: "Chen said his New York Stock Exchange-listed company is now dealing with more orders than it can handle, and production can't meet demand even at full capacity. Jinko therefore can be selective when accepting orders, and focus on those with higher profit margins from long-term clients, he said." http://www.ecns.cn/business/2013/03-12/53677.shtml

[pg6solar 113]

Unfortunately, the latest export data is for February (not March) and per that data their annual capacity is greater than 1.3GW and they shipped nothing into the highest ASP market.

[Guest Klothilde]

PLEAASE These are trade secrets. Use the discussion board for buyers of the data. Whoever wants the inside scoop on customs shipment registration ahead of earnings please buy the data. It is worth thousands and it only costs 27 Canadians.

[pg6solar 113]

I tried to be as general as possible without providing specifics.

[Guest solarcat]

It is best to be comparing Chinese solars while also looking at explo's post. There are clearly some who have and are doing better than others. EXPLO and any other experts in SOL, do you (guys) believe that there

[Guest solarcat]

Already 2.5x higher volume than average and we have only done 3.5 hrs of trading. At this rate we could see 4-5x higher volume by the end of the day.

[Guest Djovanny]

Short attack is coming . watch

[Guest ILOVEPV]

JKS is too extended - I sold $5.1 all shares bought recently in $4 area. Time for solar rally is still ahead. I will rebuy JKS later.

[Guest Lepv123]

high of $10 again by end of year? What's your personal take on that? Thanks.

[pg6solar 113]

Well Lepv123, if I did not believe that I would have sold out (it almost hit my average of a very large position). Having said that, if I have known then (past February) that stock would fall to $4 in just over one month, I would have sold out and then doubled position last week. Of course the rules of the game are if they run a stock up 500% in 6-7 months time frame - you must sell or "they" will punish you. So take it for what it is - no one here knows, everything is a guesstimate only. JKS used to be an excellent "traders" stock with daily moves of 10% or more in both directions due to very low float with good EPS in 2010-11. I believe those days will be revisited once they're profitable again. Just have to wait till Wednesday and see if an expected headline miss will bring stock lower to buy more (to average down). Recent low of under $4 just missed my buy order. Why did they bring it up 20% yesterday? I have no idea. Judging from the passed, it could be an ER lick on a positive side (I'm pessimistic of that) as well as give "them" room (this is my guess) to bring it back down again tomorrow (at least initially). We shall soon see.

[Guest Lepv123]

the stock is still have been pounded 40% from the high while the other solars have retraced to around 30%. But then again, no other stock rose 400% above its share price either. One think I like about JKS a lot is that it's market cap is extremely low giving it a lot of room to run. Best of luck to us all!

[Guest solarcat]

The trend is your friend but nobody got poor taking a profit. Plus I don't want to be left holding the bag with earnings tomorrow. So out of my JKS trading shares from $4-4.1 at $5.59 for a 3 day 40% profit. If it goes up so be it but if it goes down I'll be back.

[Guest sony1]

JKS is too extended - I sold $5.1 all shares bought recently in $4 area. Time for solar rally is still ahead. I will rebuy JKS later.

2 weeks ago you said it would bottom at $6.7, just sayin

[Guest Djovanny]

Hmmmm. Buying b4 earning is not a good idea i agree , taking profit is wise

[Guest Bodhi]

what earnings are tomorrow?