Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

JinkoSolar Holding Co. Ltd. (JKS - Snapshot Report) has entered into an agreement with China Development Bank for a 15-year loan worth approximately $58 million (RMB360 million). The loan is backed by the main objective of building photovoltaic (PV) solar power plant projects to expand and strengthen the company’s Chinese operations.

China Development Bank continues to support its domestic solar power product manufacturers and service providers by paying out loans and offering financial assistances. In the last few months, the bank disbursed approximately $50.9 million (RMB320 million) and $69.8 million (RMB440 million) as loans to ReneSola Ltd. (SOL - Analyst Report) and LDK Solar Co., Ltd. , respectively.

U.S. solar markets are gradually becoming less profitable for the Chinese solar module manufacturers. The U.S. Department of Commerce (DoC) implemented anti-dumping duties of effectively 25.96% and countervailing duties of 15.24%. The U.S. DoC rolled out these tariffs to tighten supply of the Chinese solar-products in the U.S. and simultaneously encourage local players to tap the growing renewable domestic market. These steps have made the North American solar power market increasingly competitive for the Chinese solar power product manufacturers.

Currently, most of the Chinese solar product manufacturers are busy searching new markets. Most of them, including JinkoSolar, intend to increase their presence in China and hit the domestic prospects due to higher demand of solar modules. The company has already delivered its first batch of the 100 kilowatt peak (kWp) rooftop solar PV power generation system to Eaton Electric Co., Ltd, a subsidiary of Eaton Corporation plc (ETN - Analyst Report), in Shenzhen, China.

It is evident from JinkoSolar’s recent activities and transactions that it is in an expansion mode. Apart from increasing its domestic presence, the company continues to spread its operations in the Asian, European and African markets. A day earlier, the company inked an agreement with a solar project developer to provide high-efficiency solar panels, totaling 115 megawatts (MW), for two projects in South Africa. In Mar 2013, JinkoSolar opened a sales office in Tokyo, Japan to capitalize on the increasing opportunities of providing clean and sustainable energy solutions to the country.

Shangrao, China-based JinkoSolar is a solar PV power product manufacturer. The company has production operations in Jiangxi and Zhejiang Provinces in China. JinkoSolar currently has a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%