JKS
JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd.JKS

Technology · Solar
10.48USD
-0.76%
Sep 23, 2026
JKS overview ready
Vertically Integrated Solar Module Manufacturer Advancing N-type TOPCon Technology
JinkoSolar is a globally scaled, vertically integrated photovoltaic manufacturer whose core revenue comes from solar modules, increasingly based on N-type TOPCon technology; it also sells wafers and cells and offers related system-integration, EPC, power-generation, and energy-storage products.
Narrative is still early
Exposed to the Global Solar Deployment and Supply-Chain Rebalancing narrative through Solar PV Module Manufacturing Rationalization and Technology Upgrade — pure play.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Declining revenue growth and negative operating margins.
Market Sep 22Price action Sep 22Research Aug 21

Conviction Level

NarrativeHeat5.5ThemeHeat6.1PriceAction1.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$522.2M
Avg Volume (60D)
734.0K
60 sessions
Revenue Growth YoY
-22.2%
Trailing twelve months
Gross Margin
+4.8%
Trailing twelve months
Operating Margin
-8.7%
Trailing twelve months
Distance from 200DMA
-48.3%
Next Earnings
2026-11-16
EV / Sales
0.5x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
JinkoSolar Holding Co., Ltd. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
JinkoSolar is a globally scaled, vertically integrated photovoltaic manufacturer whose core revenue comes from solar modules, increasingly based on N-type TOPCon technology; it also sells wafers and cells and offers related system-integration, EPC, power-generation, and energy-storage products.
Opportunity
Limited opportunity
The global solar buildout continues to drive module demand, while persistent Chinese manufacturing overcapacity, trade barriers, and technology migration are forcing rationalization among vertically integrated PV manufacturers and changing who can earn acceptable returns.
Key risk
Declining revenue growth and negative operating margins.

Narrative & Theme

Global Solar Deployment and Supply-Chain Rebalancing
Part of Solar PV Module Manufacturing Rationalization and Technology Upgrade, with strong fit.
JKS is a direct, credible pure-play participant in a real multi-company solar-manufacturing cycle, not merely an indirect clean-energy beneficiary. This is not represented by a promoted narrative in the supplied active context.
Narrative HeatNeutral5.5 / 10
Theme HeatNeutral6.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Solar
What they do

JinkoSolar designs, develops, produces, and markets photovoltaic products and provides solar system integration, power generation, EPC services, and energy storage solutions primarily under its own brand.

How it earns

The company generates revenue through transactional sales of solar products and project-based services including system integration and EPC contracts.

Products & services
Solar modules
Silicon wafers
Solar cells
Solar system integration services
Solar power generation and EPC services
Energy storage systems
Customers & end markets
Distributors
Project developers
System integrators
Manufacturers of solar power products
Market position

JinkoSolar is a leading global solar technology company with a broad product portfolio and integrated service offerings.

Demand drivers
High cyclicality

The company’s business is sensitive to fluctuations in solar project demand, government policies, and raw material costs.