– Sectors – Jinko Solar (JKS)

March 30, 2023

In Light of Jinko’s Sizeable Q4 Miss, What Does Our Model Point to For 2023E Rev/EPS Given the Current Global Oversupply of “Solar Parts”?

By Gordon L. Johnson II

In Light of its Sizeable Q4 adj.-GAAP EPS Miss ($0.82A vs. $1.20 est.), is the Street Still Too Optimistic? With global high-efficiency mono PERC module prices already down -8.8% YTD (vs. a full-year 2022 fall…

Jinko Solar (JKS)

2Q23 Earnings Preview: “Big Trouble in Little China” – Is the Buyside Missing 2H23 Problems in the World’s Largest Solar Market?

In Light of Jinko’s Sizeable Q4 Miss, What Does Our Model Point to For 2023E Rev/EPS Given the Current Global Oversupply of “Solar Parts”?

Q2 Earnings Preview: Full Model Revamp Suggest Top–Bottom-Line Miss on Deck This Week; SELL

Expected ASPs, Costs, & Shipment Mix Suggest a Cut to Consensus Estimates Is on Tap… Maintain SELL

Three N-Term Catalysts that Could Surprise to the Downside, but We Recommend Investors Not “BTFD”

Jinko Surreptitiously Cut its 3Q Top-Bottom-Line Guidance Just 8 Days After Offering It; This is Bad

Jinko Guides to Heavy GAAP EPS Loss & -364bps QoQ GM Collapse in 3Q21; is this a “Growth” Stock?

Earnings Preview: Margin Pressures Seen through 2Q, but Likely Drop in ASPs May Prevent Any Rebound

Jinko Shares Being Driven by Targeted Short Squeeze from European Long-Only Fund (Not Fundamentals)

EBITDA Crashes as Growth Guided Firmly Lower Amidst Sharp Jump in OPEX-Watt; This Isn’t Sustainable

Is Jinko Solar About to Put Fourth “Troubling” 1Q Guidance, Sending its Shrs Tumbling Lower?

4Q20 Earnings Preview: Our Cost-Benefit Analysis Provides a Bird’s-Eye View into 4Q20-1Q21

JKS’ Chairman-CEO Just Dumped 25%-19% of Their US Shrs; if You Hold JKS US Shrs, is Dilution Fated?

Accounting Shenanigans Abound Evidenced by -$88mn in 3Q FCF Burn vs $144mn in EBITDA; Do Bulls Care?

Despite a 92% Volume CAGR ’09-’20, JKS Has Burned Cash Every Yr Except One; Cashless Growth = “Trap”