JinkoSolar expects Q3 2026 module shipments between 15 GW and 17 GW.
Company expects full-year 2026 module shipments of 60 GW to 70 GW.
JinkoSolar expects 2026 ESS shipments to more than double year-over-year.
Overview
China solar module maker's Q2 revenue fell 31% yr/yr, and net loss attributable reduced to RMB 697.3 mln from RMB 876.4 mln.
Gross margin improved to 4.2% from 2.9% a year ago.
Company declared a US$0.375 per share cash dividend in June.
Result Drivers
Supply chain pressure - The company said industry supply and demand remained dynamic, with policy shifts and price pressure affecting profitability.
High production costs - Elevated costs for ramping up high-efficiency products and delivery of low-value orders impacted gross margin and the bottom line.
Increased operating expenses - Higher expected credit losses contributed to increased operating expenses and operating loss.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell".
The average consensus recommendation for the renewable energy equipment & services peer group is "buy."
Wall Street's median 12-month price target for JinkoSolar Holding Co., Ltd. is $24.00, about 54.8% above its August 25 closing price of $15.50.
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