JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shoots Past Its Quarter Results

Boston, MA 03/04/2014 (wallstreetpr) – JinkoSolar Holding Co., Ltd. (NYSE:JKS) is one of the leading solar domain players which has continued to retain both investor and consumer interest, despite the recent quarter performance. A china-based company, it has continued to hold its own against the top-line of American solar products companies, mainly on the low production and high supply model.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has reported good selling at the end of the trading hours, despite the fourth quarter beat and healthy guidance for the next quarter. A predominant module seller, the company which believes in the magic of volumes over large profits and low sale movement expects to see a good 2014 fiscal. It reported that it hopes to see itself shipping at 2.3 GW to 2.5GW, a value which is much higher than the previous high of 1.77 GW at the 2013 level.

Shipments for the first quarter will as per season expectations be in the region of 440MW to 470 Mw.

Quarter’s statistics

JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the fourth quarter saw 533.3 MW of modules. These numbers were definitely a winning streak as they were much higher than the 500 MW to 530 MW already done. The gross margin rose from the previous 24.7% to 22.3% in the third quarter. The overall margins were 3.85 from a year ago.

Statistics

JinkoSolar Holding Co., Ltd. (NYSE:JKS) expects to work the pipeline it currently holds -770 MW of the solar project which are focused on utility products. It also deals with over 400MW of distributed solar projects. Additionally, the company has also sought to connect 108MW of systems to the grid in the fourth quarter. This has led to $4.9 million in the electricity revenue earnings itself.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) in comparison to competitors holds positive upside based on the pipeline projects it holds for the next few quarters.

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Published by Pamela Garcia

Pamela Garcia is a keen follower of U.S. stock market

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