JinkoSolar Shares Approach Critical Juncture

As the broader solar sector contends with margin compression and industry-wide overcapacity, JinkoSolar is staging a remarkable recovery. The Chinese solar module manufacturer’s stock recently surged to a new 52-week high, a notable achievement considering its majority-owned operational subsidiary reported a substantial third-quarter loss exceeding $200 million. This divergence presents a compelling market puzzle.

The contrast between operational results and share price appreciation is stark. Jiangxi Jinko, the consolidated operating subsidiary, posted an unaudited net loss of $220 million while experiencing a 34.1% revenue contraction. Despite these challenging figures, the parent company’s equity reached annual peaks. The upcoming Monday release of consolidated results for the second and third quarters will clarify Read more...