JinkoSolar Holding Co., Ltd. (JKS) AI Stock Analysis

JinkoSolar Holding Co., Ltd. is a global company in the photovoltaic industry, focusing on the design, development, manufacturing, and marketing of solar energy products. Its portfolio comprises solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services and develops commercial solar power projects. Operating under the JinkoSolar brand, it serves distributors, project developers, system integrators, and solar product manufacturers. Headquartered in Shangrao, China, the company operates across key international markets, including the United States, Japan, Germany, and Australia. As of March 31, 2022, its integrated annual production capacity reached 40 gigawatts for mono wafers, 40.0 GW for solar cells, and 50.0 GW for solar modules.

JinkoSolar's top line peaked at $118.68B in FY2023 before contracting 22.3% in FY2024 to $92.26B and dropping 29.0% in FY2025 to $65.50B. Profitability eroded alongside sales, as gross margin narrowed from 16.0% in FY2023 to 2.2% in FY2025, and operating margin declined to -9.3%. Net income shifted from $3.45B in FY2023 to -$4.45B in FY2025, leading to an EPS of -$20.10. For the trailing twelve months ended June 30, 2026, revenue stood at $58.27B with a profit margin of -5.9%. In the latest quarter ended June 30, 2026, quarterly revenue fell 31.3% year-over-year while quarterly earnings dropped 97.6%.

As of June 30, 2026, JinkoSolar held $25.72B in cash and short-term investments against total debt of $49.72B, resulting in net debt of $24.01B. Total assets stood at $118.56B compared to shareholders' equity of $14.61B, generating a debt-to-equity ratio of 3.40 and a current ratio of 1.13. Operating cash flow in FY2025 was $1.08B, but free cash flow stood at -$2.22B after capital expenditures of $3.30B. Cash deployment in FY2025 included $486.8M in dividends paid and $4.0M in share buybacks.

At a last close of $8.12, JinkoSolar carries a market capitalization of $425.2M and an enterprise value of $4.10B. Its forward P/E stands at 6.5x, well below the 18.8x median of its US-listed Technology peers. The company's price-to-sales ratio is 0.0x versus the peer median of 2.8x, while its EV/EBITDA multiple is 176.7x compared to the peer median of 16.6x. JKS has dropped 63.0% over the past year and 79.4% over five years, trailing the S&P 500 (SPY), which gained 16.8% and 83.0% over the same periods.

JinkoSolar pays an annual forward dividend of $1.50 per share, representing a dividend yield of 18.47% as of October 16, 2026. The company has paid dividends for 4 consecutive years, and its last ex-dividend date was June 22, 2026. Its payout ratio is 390.3%, with $486.8M distributed in dividends during FY2025.

Wall Street coverage includes 2 Strong Buy, 4 Hold, and 1 Strong Sell ratings. The mean price target of $20.02 sits 146.5% above the last close of $8.12. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$3.81 on revenue of $8.87B. For the following fiscal year, 2 analysts project an EPS of $0.69 and revenue of $12.25B. JinkoSolar recorded 0 EPS beats over the last 4 quarters, and its next earnings date is November 16, 2026.

This page is an AI-written research summary of JinkoSolar Holding Co., Ltd. (JKS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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