JinkoSolar Shares Slide as 20-Day SMA Crossed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
0mins
Should l Buy JKS?
Source: NASDAQ.COM
Shares of JKS.N declined sharply today, crossing below the 20-day simple moving average (SMA) as investors reacted to the company's disappointing Q3 earnings report. JinkoSolar reported a staggering 34.1% year-on-year decline in revenue, totaling 16.2 billion yuan, alongside a significant net loss of 750 million yuan, contrasting sharply with the profit of 22.5 million yuan recorded in the same quarter last year.
The technical breach of the 20-day SMA signals increased bearish momentum, reflecting growing concerns over the company's performance amid industry overcapacity and declining solar module prices. Despite a slight improvement in gross margins to 7.3%, up from 2.9% in Q2, the overall outlook remains cautious.
Looking ahead, JinkoSolar is optimistic about its energy storage segment, projecting it to become a key revenue driver by 2026, with plans to ship 6 GWh of energy storage systems by year-end. However, the current financial struggles overshadow these growth prospects, leaving investors wary.
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Analyst Views on JKS
Wall Street analysts forecast JKS stock price to fall
4 Analyst Rating
0 Buy
2 Hold
2 Sell
Moderate Sell
Current: 25.360
Low
20.00
Averages
23.33
High
25.00
Current: 25.360
Low
20.00
Averages
23.33
High
25.00
About JKS
JinkoSolar Holding Co Ltd is a holding company principally engaged in photovoltaic (PV) industry. The Company builds a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. The Company’s main products comprise silicon wafers, solar cells and solar modules. The Company sells its solar modules under JinkoSolar brand. The Company is also engaged in solar power generation and solar system engineering procurement construction (EPC) services. The Company mainly operates its businesses in the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
India Eases Investment Restrictions on China
- Policy Adjustment: The Indian cabinet has approved changes to its foreign direct investment policy, allowing investments from 'land bordering countries,' particularly in manufacturing sectors like electronic components and solar cells, signaling New Delhi's attempt to reset economic ties with Beijing after six years of tension.
- Accelerated Approval Process: Under the new rules, Chinese investments in Indian companies will be expedited with a processing time of 60 days, provided that the firms remain Indian-owned, which is expected to attract foreign capital and improve the ease of doing business.
- Increased Market Attractiveness: Experts suggest that allowing limited Chinese participation could facilitate multinational companies in shifting final assembly to India while maintaining access to Chinese inputs, thereby enhancing India's attractiveness within the 'China-plus-one' supply chain diversification strategies.
- Geopolitical Risks: Despite the easing of restrictions, experts remain cautious about the actual impact on investment flows, noting that unresolved border tensions and deeper strategic mistrust may hinder the influx of Chinese capital into India.
See More
JinkoSolar Reports Significant Revenue Decline for 2025
- Significant Revenue Decline: JinkoSolar's majority-owned subsidiary, Jiangxi Jinko, reported total revenues of 65.49 billion yuan for 2025, reflecting a 29.18% year-on-year decline, which directly impacts the company's overall financial health and signals severe challenges to future profitability.
- Net Loss Widening: Jiangxi Jinko swung to a net loss of 6.79 billion yuan in 2025, compared to a net profit of 98.9 million yuan in 2024, marking a staggering 6,959.50% reversal that highlights the company's vulnerability in market competition and significant flaws in its profit model.
- Increased Operating Losses: Due to falling prices for photovoltaic products, Jiangxi Jinko's operating losses surged to 9.11 billion yuan, contrasting sharply with an operating profit of 792.96 million yuan in 2024, reflecting the harsh industry environment and the company's inadequate response capabilities.
- Stock Price Pressure: JinkoSolar's shares are currently trading below several key moving averages, indicating bearish sentiment among investors, with a 4.38% drop to $25.30, suggesting a lack of confidence in the company's future performance.
See More
JinkoSolar Reports Preliminary 2025 Financial Results
- Significant Revenue Decline: JinkoSolar's subsidiary Jiangxi Jinko reported preliminary unaudited revenues of RMB 65.49 billion for 2025, reflecting a 29.18% year-on-year decrease, indicating substantial market pressure due to falling photovoltaic product prices, which adversely affects overall profitability.
- Escalating Net Loss: The net loss attributable to shareholders for Jiangxi Jinko reached RMB 6.79 billion in 2025, compared to a profit of RMB 98.9 million in 2024, highlighting the company's operational challenges in the current market environment, which may undermine investor confidence moving forward.
- Decrease in Assets and Equity: As of December 31, 2025, Jiangxi Jinko's total assets stood at RMB 119.16 billion, down 1.61% from 2024, while total equity attributable to the parent company fell by 21.19% to RMB 25.46 billion, indicating a deterioration in financial health that could impact its ability to secure financing.
- Dramatic Drop in Profitability: Jiangxi Jinko's basic loss per share for 2025 was RMB 0.68, a staggering decline from earnings of RMB 0.01 per share in 2024, which not only affects shareholder return expectations but may also lead to a reassessment of the company's future profitability by the market.
See More
Nextpower Expands Steel Frame Manufacturing Capacity in Southeast U.S.
- Major Order Signed: Nextpower has entered into a multi-year supply agreement with Jinko Solar to provide over 1 gigawatt of steel frames over three years, with production expected to commence mid-2026, significantly enhancing the competitiveness of U.S.-manufactured solar modules.
- Market Validation: This agreement not only validates steel frames as a reliable and cost-effective solution but also underscores the importance of industrialization in the U.S. solar industry, promoting the alignment of domestic manufacturing with policy incentives.
- Supply Chain Localization: Nextpower plans to expand its steel frame manufacturing capacity in the Southeastern U.S. to enable direct supply to Jinko Solar's facility in Jacksonville, Florida, simplifying project logistics and reinforcing the domestic supply chain.
- Enhanced Module Durability: Independent testing has demonstrated that steel frames offer significant advantages in torsional stiffness and deflection under mechanical load, which will help improve the long-term reliability of solar modules, especially under extreme weather conditions.
See More
NEXTPOWER INC TO PROVIDE MORE THAN 1 GW OF STEEL FRAMES, WITH POTENTIAL EXPANSION TO 3 GW OVER THREE YEARS
Supply of Steel Frames: The company is set to supply over 1 gigawatt (GW) of steel frames, indicating a significant increase in production capacity.
Scalability: The supply capability is scalable, allowing for an increase up to 3 gigawatts (GW) over a three-year period.
See More
ETF Component Trading Dynamics Analysis
- NIO Trading Performance: NIO shares rose approximately 1.2% on Wednesday with over 17.7 million shares traded, indicating investor confidence in its future performance, which may provide support for the stock price.
- PDD Trading Fluctuation: PDD shares fell about 1.5% with a trading volume exceeding 3.6 million shares, reflecting market caution regarding its short-term outlook, which could affect investor sentiment.
- Jinkosolar Underperformance: Jinkosolar traded lower by approximately 7.6% on Wednesday, indicating poor performance within the Invesco FTSE RAFI Emerging Markets ETF, potentially leading investors to reassess its market position.
- Overall ETF Dynamics: Wednesday's ETF trading revealed significant volatility among different components, reflecting varying market perceptions of emerging markets, which may influence investors' asset allocation strategies.
See More
India Eases Investment Restrictions on China
- Policy Adjustment: The Indian cabinet has approved changes to its foreign direct investment policy, allowing investments from 'land bordering countries,' particularly in manufacturing sectors like electronic components and solar cells, signaling New Delhi's attempt to reset economic ties with Beijing after six years of tension.
- Accelerated Approval Process: Under the new rules, Chinese investments in Indian companies will be expedited with a processing time of 60 days, provided that the firms remain Indian-owned, which is expected to attract foreign capital and improve the ease of doing business.
- Increased Market Attractiveness: Experts suggest that allowing limited Chinese participation could facilitate multinational companies in shifting final assembly to India while maintaining access to Chinese inputs, thereby enhancing India's attractiveness within the 'China-plus-one' supply chain diversification strategies.
- Geopolitical Risks: Despite the easing of restrictions, experts remain cautious about the actual impact on investment flows, noting that unresolved border tensions and deeper strategic mistrust may hinder the influx of Chinese capital into India.
See More
JinkoSolar Reports Significant Revenue Decline for 2025
- Significant Revenue Decline: JinkoSolar's majority-owned subsidiary, Jiangxi Jinko, reported total revenues of 65.49 billion yuan for 2025, reflecting a 29.18% year-on-year decline, which directly impacts the company's overall financial health and signals severe challenges to future profitability.
- Net Loss Widening: Jiangxi Jinko swung to a net loss of 6.79 billion yuan in 2025, compared to a net profit of 98.9 million yuan in 2024, marking a staggering 6,959.50% reversal that highlights the company's vulnerability in market competition and significant flaws in its profit model.
- Increased Operating Losses: Due to falling prices for photovoltaic products, Jiangxi Jinko's operating losses surged to 9.11 billion yuan, contrasting sharply with an operating profit of 792.96 million yuan in 2024, reflecting the harsh industry environment and the company's inadequate response capabilities.
- Stock Price Pressure: JinkoSolar's shares are currently trading below several key moving averages, indicating bearish sentiment among investors, with a 4.38% drop to $25.30, suggesting a lack of confidence in the company's future performance.
See More
JinkoSolar Reports Preliminary 2025 Financial Results
- Significant Revenue Decline: JinkoSolar's subsidiary Jiangxi Jinko reported preliminary unaudited revenues of RMB 65.49 billion for 2025, reflecting a 29.18% year-on-year decrease, indicating substantial market pressure due to falling photovoltaic product prices, which adversely affects overall profitability.
- Escalating Net Loss: The net loss attributable to shareholders for Jiangxi Jinko reached RMB 6.79 billion in 2025, compared to a profit of RMB 98.9 million in 2024, highlighting the company's operational challenges in the current market environment, which may undermine investor confidence moving forward.
- Decrease in Assets and Equity: As of December 31, 2025, Jiangxi Jinko's total assets stood at RMB 119.16 billion, down 1.61% from 2024, while total equity attributable to the parent company fell by 21.19% to RMB 25.46 billion, indicating a deterioration in financial health that could impact its ability to secure financing.
- Dramatic Drop in Profitability: Jiangxi Jinko's basic loss per share for 2025 was RMB 0.68, a staggering decline from earnings of RMB 0.01 per share in 2024, which not only affects shareholder return expectations but may also lead to a reassessment of the company's future profitability by the market.
See More
Nextpower Expands Steel Frame Manufacturing Capacity in Southeast U.S.
- Major Order Signed: Nextpower has entered into a multi-year supply agreement with Jinko Solar to provide over 1 gigawatt of steel frames over three years, with production expected to commence mid-2026, significantly enhancing the competitiveness of U.S.-manufactured solar modules.
- Market Validation: This agreement not only validates steel frames as a reliable and cost-effective solution but also underscores the importance of industrialization in the U.S. solar industry, promoting the alignment of domestic manufacturing with policy incentives.
- Supply Chain Localization: Nextpower plans to expand its steel frame manufacturing capacity in the Southeastern U.S. to enable direct supply to Jinko Solar's facility in Jacksonville, Florida, simplifying project logistics and reinforcing the domestic supply chain.
- Enhanced Module Durability: Independent testing has demonstrated that steel frames offer significant advantages in torsional stiffness and deflection under mechanical load, which will help improve the long-term reliability of solar modules, especially under extreme weather conditions.
See More
NEXTPOWER INC TO PROVIDE MORE THAN 1 GW OF STEEL FRAMES, WITH POTENTIAL EXPANSION TO 3 GW OVER THREE YEARS
Supply of Steel Frames: The company is set to supply over 1 gigawatt (GW) of steel frames, indicating a significant increase in production capacity.
Scalability: The supply capability is scalable, allowing for an increase up to 3 gigawatts (GW) over a three-year period.
See More
ETF Component Trading Dynamics Analysis
- NIO Trading Performance: NIO shares rose approximately 1.2% on Wednesday with over 17.7 million shares traded, indicating investor confidence in its future performance, which may provide support for the stock price.
- PDD Trading Fluctuation: PDD shares fell about 1.5% with a trading volume exceeding 3.6 million shares, reflecting market caution regarding its short-term outlook, which could affect investor sentiment.
- Jinkosolar Underperformance: Jinkosolar traded lower by approximately 7.6% on Wednesday, indicating poor performance within the Invesco FTSE RAFI Emerging Markets ETF, potentially leading investors to reassess its market position.
- Overall ETF Dynamics: Wednesday's ETF trading revealed significant volatility among different components, reflecting varying market perceptions of emerging markets, which may influence investors' asset allocation strategies.
See More
