JinkoSolar (ADR)
Makes solar modules through an integrated ingot-to-module manufacturing chain.
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Profile
Produces silicon ingots, wafers, cells, and solar modules through one integrated manufacturing segment. International sales run through overseas subsidiaries, while the parent retains control of its STAR Market-listed operating subsidiary in China.
Manufactures photovoltaic products across a vertically integrated chain spanning silicon ingots, wafers, cells, and solar modules. The NYSE-listed parent operates through one solar-products manufacturing segment, having separated from its downstream power business.
Manufacturing is anchored in China and sales are supported by overseas subsidiaries and an international network. Its principal operating subsidiary, Jinko Solar Co., Ltd., is separately listed on Shanghai’s STAR Market while remaining controlled by the parent. Founder Xiande Li serves as chairman and CEO. U.S. shipments depend on import admissibility under the Hoshine Withhold Release Order and the Uyghur Forced Labor Prevention Act.
Company facts
Categories
Key statistics
Year to date −51.4% · Average volume (30d) 679.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Roth Capital | Reiterate | Neutral | $25 | $16 | |
| Aug 27, 2026 | Goldman Sachs | Target | $20 | $11 | ||
| May 29, 2026 | UBS | Reiterate | Neutral | $23 | $24 | |
| Apr 29, 2026 | UBS | Reiterate | Neutral | $22 | $23 | |
| Mar 24, 2026 | Daiwa Capital | Upgrade | Sell | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 26, 2026Q2 FY26 | −$0.75 | −$2.53 | −237.3% | $2.17B | $1.82B | −16.0% | −11.87% |
| Apr 29, 2026Q1 FY26 | −$1.84 | −$1.52 | +17.5% | $2.09B | $1.78B | −14.9% | +8.45% |
| Mar 25, 2026Q4 FY25 | −$0.62 | −$2.29 | −268.9% | $2.71B | $2.50B | −7.5% | −3.66% |
| Nov 17, 2025Q3 FY25 | −$2.01 | −$2.30 | −14.2% | $2.71B | $2.27B | −16.1% | −6.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.06B | $370.0M | $2.40B | $2.60B | $1.82B | $1.83B | |
| Gross profit | −$52.5M | $10.8M | $175.9M | $8.2M | $151.6M | $76.1M | |
| Operating income | −$346.6M | −$27.9M | −$209.0M | −$287.8M | −$38.1M | −$211.5M | |
| Net income | −$196.2M | −$18.0M | −$111.6M | −$223.2M | −$69.0M | −$103.5M | |
| Diluted EPS | −$15.22 | −$9.91 | −$8.52 | −$17.05 | −$5.27 | −$7.84 | |
| Gross margin | -2.5% | 2.9% | 7.3% | 0.3% | 8.3% | 4.2% | |
| Operating margin | -16.8% | -7.5% | -8.7% | -11.0% | -2.1% | -11.5% |
Fiscal years (4-quarter sums)FY21 $6.07B · FY22 $12.37B · FY23 $17.66B · FY24 $13.73B · FY25 $7.44B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $3.83B · Total debt $7.40B · Total assets $17.64B · Shareholders' equity $2.17B
Dividends
Last raised to $1.50 from $1.30 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 22, 2026 | Jun 22 | Jul 9 | $1.50 | raised from $1.30 |
| Jul 2, 2025 | Jul 2 | Jul 16 | $1.30 | cut from $1.50 |
| Aug 15, 2024 | Aug 15 | Aug 30 | $1.50 | |
| Nov 22, 2023 | Nov 24 | Dec 13 | $1.48 | special dividend |
Ownership
Shares outstanding 13.09M · Float 12.56M · 96.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.97M | 15.01% | 13F | May 13, 2026 |
| Invesco Ltd. | 1.72M | 13.10% | 13F | May 12, 2026 |
| Mackenzie Financial Corp | 1.38M | 10.55% | 13F | May 13, 2026 |
| Storebrand Asset Management As | 1.07M | 8.18% | 13F | May 5, 2026 |
| Vanguard Capital Management LLC | 1.01M | 7.69% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Wing Keong Siew | director | −16,000 | $16.49 |
| May 13, 2026 | Stephen Markscheid | director | −2,000 | $25.00 |
| May 13, 2026 | Stephen Markscheid | director | +2,000 | $25.00 |
| May 13, 2026 | Xianhua Li | director | −1,280,000 | $25.53 |
| May 13, 2026 | Wing Keong Siew | director | −16,000 | $26.11 |
Peers
- Canadian Solar
Global solar-module supply overlaps, including the U.S. market.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| JinkoSolar (ADR) | $13.54 | −0.22% | $177.3M | — | — | 0.0 | −27.7% |
| Canadian Solar | $13.10 | −0.19% | $892.2M | — | — | 0.2 | −28.7% |
| Median | — | — | 0.2 | −28.7% |