JinkoSolar (NYSE:JKS) Announces Quarterly Earnings Results, Misses Expectations By $1.78 EPS

JinkoSolar (NYSE:JKS) posted its earnings results on Wednesday. The semiconductor company reported ($2.53) EPS for the quarter, missing the consensus estimate of ($0.75) by ($1.78), Zacks reports. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.17 billion. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.

Here are the key takeaways from JinkoSolar’s conference call:

• Industry oversupply continued to pressure profitability. Q2 revenue fell 31% year over year to $1.82 billion, gross margin declined sequentially to 4.2% from 8.3%, and the operating loss margin widened to 11.6%.
• Management cut full-year 2026 module shipment guidance to 60–70 GW, citing weaker Chinese demand, trade barriers, and a decision to prioritize profitability, cash flow, and order quality over volume; Q3 shipments are expected at 15–17 GW.
• JinkoSolar expects more than 40 GW of TOPCon 3.0 capacity by year-end and reported that its Tiger Neo 5.0 modules achieved 25.91% mass-production efficiency and over 700 watts of output. Higher-efficiency products are expected to benefit from new minimum energy-efficiency standards and increasingly value-focused project tenders.
• The company reported positive operating cash flow in the first half and expects full-year cash flow to improve from 2025, while debt declined sequentially and leverage improved from the start of the year. Management also expects Q3 ASPs and gross margin to improve as premium-product shipments rise and new production facilities reach full operation.
• Energy storage shipments reached 3.1 GWh in the first half, up significantly year over year, with more than 1 GWh recognized as revenue in Q2; full-year ESS shipments are expected to more than double. JinkoSolar is pursuing an asset-light storage strategy centered on solutions, PCS/EMS capabilities, and partnerships rather than major capacity expansion.

JinkoSolar Stock Performance

Shares of NYSE JKS opened at $13.72 on Thursday. JinkoSolar has a 12 month low of $13.08 and a 12 month high of $31.88. The company has a market cap of $718.52 million, a P/E ratio of -1.41 and a beta of 0.52. The business’s 50 day moving average is $16.19 and its two-hundred day moving average is $21.18. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16.

JinkoSolar Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, June 22nd were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s dividend payout ratio (DPR) is -15.20%.

Insider Buying and Selling at JinkoSolar

In other news, Director Wing Keong Siew sold 16,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total value of $263,840.00. Following the sale, the director owned 170,000 shares in the company, valued at approximately $2,803,300. This trade represents a 8.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.80% of the company’s stock.

Institutional Trading of JinkoSolar

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar during the second quarter valued at about $47,000. Federation des caisses Desjardins du Quebec grew its holdings in shares of JinkoSolar by 277.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 5,211 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in JinkoSolar in the 4th quarter valued at $209,000. Russell Investments Group Ltd. acquired a new position in shares of JinkoSolar in the 4th quarter valued at $215,000. Finally, JPMorgan Chase & Co. raised its stake in shares of JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 10,941 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JKS shares. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. Finally, UBS Group boosted their price objective on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.38.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.