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JinkoSolar Supplies Solar Modules to Armenia's Largest Plant
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JinkoSolar Holding Company Limited (JKS - Free Report) has supplied polycrystalline photovoltaic (PV) panels to the first solar power plant in Armenia. Being a large-scale project, it is of considerable value to the Armenian solar, ecology, and economic development sectors.
Details of the Deal
Powered by approximately 3700 high efficiency polycrystalline photovoltaic panels of JinkoSolar, this 1 mega-watt (MW) solar power plant will operate throughout the 25-year product lifespan.
Arpi Solar, which designed and implemented the construction of the project, cooperated with its leading international partners such as JinkoSolar, Staubli, Enerparc, Sungrow that guarantees long-term and productive revenues for the next 25 years.
Our View
Alternative energy sources have been the primary target of utility service providers due to rising concerns regarding the consumption of fossil fuel and the subsequent carbon emissions. To make most of the situation, each day more utilities are shifting their focus to generation of alternative energy.
In fact, solar energy has emerged as the most popular one among all other alternative energy providers owing to its easy availability and declining price of solar panels. According to the U.S. Energy Information Administration (EIA), the nation’s utility-scale solar power capacity will reach 32 gigawatts (GW) by the end of 2018 compared with 22 GW in 2016.
Meanwhile, international market for solar power is also expanding rapidly. Per a report from GTM Research, the global solar market will hit 85 GW in 2017, nearly doubling the installed capacity of 2014.
Thanks to Jinkosolar’s higher conversion efficient modules, the company has been receiving regular contracts from various clients in the last few months. To this end, the company’s Canadian subsidiary received an order in September to supply 17 MW solar PV modules to Borea Construction ULC for the construction of the Brooks Solar Project located in Brooks, Alberta, Canada.
Additionally, in October, the company announced that it had supplied 12.7 MW of PV modules to Hitachi Systems, Ltd.
Price Movement
JinkoSolar has outperformed the industry in the last 12 months. The company’s shares have gained 59% compared with the industry’s increase of 42%. This outperformance might have been owing to strong demand witnessed for its conversion efficient solar PV modules.
Zacks Rank & Key Picks
JinkoSolar carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the solar space include SolarEdge Technologies, Inc. (SEDG - Free Report) , SunPower Corporation (SPWR - Free Report) and JA Solar Holdings Co., Ltd. . While SolarEdge Technologies and SunPower flaunt a Zacks Rank #1 (Strong Buy), JA Solar holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
SolarEdge Technologies delivered a positive earnings surprise of 20% in the third quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 12.2% to $2.11 per share in the last 30 days.
SunPower came up with a positive earnings surprise of 158.33% in the third quarter. Its Zacks Consensus Estimate for fourth quarter of 2017 climbed nearly 45.5% to 16 cents per share in the last 30 days.
JA Solar pulled off positive earnings surprise in three out of the last four quarters, with an average beat of 574.07%. In the last 30 days, the consensus mark for 2017 earnings per share moved north by 6.6%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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JinkoSolar Supplies Solar Modules to Armenia's Largest Plant
JinkoSolar Holding Company Limited (JKS - Free Report) has supplied polycrystalline photovoltaic (PV) panels to the first solar power plant in Armenia. Being a large-scale project, it is of considerable value to the Armenian solar, ecology, and economic development sectors.
Details of the Deal
Powered by approximately 3700 high efficiency polycrystalline photovoltaic panels of JinkoSolar, this 1 mega-watt (MW) solar power plant will operate throughout the 25-year product lifespan.
Arpi Solar, which designed and implemented the construction of the project, cooperated with its leading international partners such as JinkoSolar, Staubli, Enerparc, Sungrow that guarantees long-term and productive revenues for the next 25 years.
Our View
Alternative energy sources have been the primary target of utility service providers due to rising concerns regarding the consumption of fossil fuel and the subsequent carbon emissions. To make most of the situation, each day more utilities are shifting their focus to generation of alternative energy.
In fact, solar energy has emerged as the most popular one among all other alternative energy providers owing to its easy availability and declining price of solar panels. According to the U.S. Energy Information Administration (EIA), the nation’s utility-scale solar power capacity will reach 32 gigawatts (GW) by the end of 2018 compared with 22 GW in 2016.
Meanwhile, international market for solar power is also expanding rapidly. Per a report from GTM Research, the global solar market will hit 85 GW in 2017, nearly doubling the installed capacity of 2014.
Thanks to Jinkosolar’s higher conversion efficient modules, the company has been receiving regular contracts from various clients in the last few months. To this end, the company’s Canadian subsidiary received an order in September to supply 17 MW solar PV modules to Borea Construction ULC for the construction of the Brooks Solar Project located in Brooks, Alberta, Canada.
Additionally, in October, the company announced that it had supplied 12.7 MW of PV modules to Hitachi Systems, Ltd.
Price Movement
JinkoSolar has outperformed the industry in the last 12 months. The company’s shares have gained 59% compared with the industry’s increase of 42%. This outperformance might have been owing to strong demand witnessed for its conversion efficient solar PV modules.
Zacks Rank & Key Picks
JinkoSolar carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the solar space include SolarEdge Technologies, Inc. (SEDG - Free Report) , SunPower Corporation (SPWR - Free Report) and JA Solar Holdings Co., Ltd. . While SolarEdge Technologies and SunPower flaunt a Zacks Rank #1 (Strong Buy), JA Solar holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
SolarEdge Technologies delivered a positive earnings surprise of 20% in the third quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 12.2% to $2.11 per share in the last 30 days.
SunPower came up with a positive earnings surprise of 158.33% in the third quarter. Its Zacks Consensus Estimate for fourth quarter of 2017 climbed nearly 45.5% to 16 cents per share in the last 30 days.
JA Solar pulled off positive earnings surprise in three out of the last four quarters, with an average beat of 574.07%. In the last 30 days, the consensus mark for 2017 earnings per share moved north by 6.6%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>