JinkoSolar Holding Company Limited logo

JinkoSolar Holding Company Limited(JKS)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$10.28
09/16/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for JKS

09/16/2026: JKS (1-star) is currently NOT-A-BUY. Pass it for now.

JinkoSolar is a leading global solar technology provider, recognized for its scale and adoption of N-type TOPCon module technology. The company benefits from a vertically integrated manufacturing model that allows it to maintain a major market share in the solar sector. Its core opportunity lies in the ongoing global transition to renewable energy and the expansion into energy storage products. However, investors face risks from intense price competition, industry overcapacity, and geopolitical trade tensions. The stock may suit growth-oriented investors looking for energy transition exposure, though they should be prepared for high volatility and a focus on long-term capital appreciation rather than dividends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to the high-growth solar sector but faces significant margin pressure.
Momentum investorMixed fitMomentum can be strong during industry upcycles, but the stock is susceptible to sharp reversals.
Value investorStrong fitThe company often trades at low valuation multiples relative to its revenue and market position.
Dividend investorWeak fitThe company does not pay regular dividends, prioritizing growth over income.
Low-risk investorWeak fitHigh exposure to commodity volatility and geopolitical risks makes this a high-volatility holding.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSolar module prices are highly cyclical and sensitive to supply/demand shifts.
Valuation riskMediumThe stock can be mispriced by markets due to broader sentiment toward the sector.
Competition risk (Solar manufacturing)HighIntense competition from low-cost producers pressures margins.
Business qualityMediumWhile operationally excellent at scale, the business faces structural headwinds.
Dividend incomeLow / noneCapital is allocated to growth rather than distributions.
Execution riskMediumLarge-scale capacity management is complex and capital-intensive.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -58.64%
Avg. Invested days 20
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

JKS receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

JKS has moderate overall fundamentals (3 stars), with soft financial health, weak growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-8250.2%), soft cash generation (FCF margin -3.4%), negative revenue growth (-29.0%).

Financial Health Rating

JKS's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 11.4%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

JKS's growth profile is soft, with the least-weak measure being revenue growth at -29.0% FY2025 versus FY2024. By comparison, while earnings growth (-8250.2%, negative) and free-cash-flow growth (-129.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 37.6% and approximately 58.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 44.68% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 3.75%
Amvescap Plc. 3.28%
Storebrand Asset Management AS 3.06%
Mackenzie Investments 2.64%
Vanguard Capital Management, LLC 1.92%

Unit Economics (Per $1K Revenue)

JKS generates approximately $22 of gross profit, $-93 of operating income, and $-34 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 23.80%

Quantitative Style Profile

JKS has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 560.88M USD
Price to earnings Ratio -
1Y Target Price 20.44
Price to earnings Ratio -
1Y Target Price 20.44
Volume (30-day avg) 753.7K shares
Beta 0.48
52 Weeks Range 9.99 - 29.22
Updated Date 09/16/2026
52 Weeks Range 9.99 - 29.22
Updated Date 09/16/2026
Dividends yield (FY) -
Basic EPS (TTM) -9.15

How Company Makes Money

Business areaWhat it includesRetail investor read
Module SalesSale of monocrystalline silicon solar modules to utility, commercial, and residential projects.The vast majority of revenue comes from selling solar panels; profitability depends on how efficiently they are made and sold.
GeographyGlobal sales, with significant concentrations in China, Europe, and emerging markets.Revenue is diversified globally, helping to balance regional demand shifts and regulatory risks.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 6.53
Enterprise Value 4.17B
Price to Sales(TTM) 0.01
Enterprise Value 4.17B
Price to Sales(TTM) 0.01
Enterprise Value to Revenue 0.48
Enterprise Value to EBITDA 176.66
Shares Outstanding 52.37M
Shares Floating 30.58M
Shares Outstanding 52.37M
Shares Floating 30.58M
Percent Insiders 44.68
Percent Institutions 37.63

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About JinkoSolar Holding Company Limited

Exchange NYSE
Headquarters -
IPO Launch date 2010-05-14
CEO -
Sector Technology
Industry Solar
Full time employees 26409
Full time employees 26409

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company provides solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It offers solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2025, it had an integrated annual capacity of 120 gigawatts (GW) for mono wafers; 95 GW for solar cells; and 130 GW for solar modules. It operates in China, the United States, India, Saudi Arabia, Australia, Pakistan, Brazil, Poland, Japan, Spain, and Germany. The company was founded in 2006 and is headquartered in Guangxin, the People's Republic of China.