Chinese Solar Stocks Surge as Export Tax Rebates Are Eliminated
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Source: seekingalpha
- Positive Market Reaction: Following the Chinese government's announcement to eliminate export tax rebates on certain solar products, Jinko Solar's stock rose by 4.2%, while Trina Solar surged by 8.7%, indicating strong market optimism regarding the policy changes.
- Battery Product Tax Changes: Starting April 2026, VAT export rebates for battery products will decrease from 9% to 6%, which is expected to impact the profitability of related companies, although consumption tax rebate rules will remain unchanged.
- Active Lithium Market: Lithium carbonate futures surged to 156,060 yuan ($22,372) per ton on the Guangzhou Futures Exchange, hitting the 9% limit, reflecting expectations of a potential surge in battery-related exports, which boosted the stock prices of lithium producers.
- Optimistic Industry Outlook: Despite Contemporary Amperex Technology Co. experiencing a 4.8% decline, the overall industry benefits from the policy changes, with market sentiment remaining optimistic about future demand for battery and solar products.
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Analyst Views on JKS
Wall Street analysts forecast JKS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for JKS is 23.33 USD with a low forecast of 20.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
2 Hold
2 Sell
Moderate Sell
Current: 25.810
Low
20.00
Averages
23.33
High
25.00
Current: 25.810
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.
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- Loss Forecast: JinkoSolar's majority-owned subsidiary, Jiangxi Jinko, is projected to report a preliminary net loss of RMB 5.9 to 6.9 billion for 2025, with losses excluding extraordinary items estimated at RMB 6.7 to 7.8 billion, indicating increasing financial pressure on the company.
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