JinkoSolar Holding Co. Ltd. (JKS) Releases Earnings Results, Beats Expectations By $0.65 EPS

JinkoSolar Holding Co. Ltd. (JKS) reported quarterly earnings results on Friday, May-27-2016. The company said it had a profit of $1.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.65. Analysts had a consensus of $1.07. The company posted revenue of $847.80 million in the period, compared to analysts expectations of $687.39 million. The company’s revenue was up 91.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

JinkoSolar Holding Co. Ltd. opened for trading at $23.11 and hit $23.79 on the upside on Wednesday, eventually ending the session at $23.75, with a gain of 4.08% or 0.93 points. The heightened volatility saw the trading volume jump to 6,09,304 shares. Company has a market cap of $745 M.

JinkoSolar Holding Co. Ltd. is a holding company. The Company is a provider of solutions in the photovoltaic (PV) industry-based in Jiangxi and Zhejiang Provinces in China. The Company recovers silicon materials manufactures solar modules and generates solar power. The Company’s products include recovered silicon materials (metric tons) silicon ingots silicon wafers solar cells and solar modules and its services consist of solar system engineering procurement and construction (EPC) processing services and electricity generation. The Company sells most its solar modules under the JinkoSolar brand with a small portion of solar modules on an original equipment manufacturer (OEM) basis. The Company also sells silicon wafers and solar cells not used in its solar module production. The Company also develops owns and operates PV projects in China. As of December 31 2014 the Company’s share of completed solar power projects amounted to 503 megawatt (MW).

JinkoSolar Holding Co. Ltd.

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