Chinese solar firms go where US tariffs don't reach
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2024
0mins
Should l Buy JKS?
Source: Reuters
Impact of U.S. Tariffs on Chinese Solar Production: Major Chinese-owned solar factories in Vietnam are reducing production and laying off workers due to U.S. trade tariffs, while new Chinese solar plants are emerging in Indonesia and Laos to bypass these tariffs.
Shift in Solar Manufacturing Locations: The transition of Chinese solar manufacturing to Southeast Asia is accelerating, with significant investments in Indonesia and Laos aimed at supplying the U.S. market, as American imports of solar supplies have surged despite tariffs.
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Analyst Views on JKS
Wall Street analysts forecast JKS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for JKS is 23.33 USD with a low forecast of 20.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
2 Hold
2 Sell
Moderate Sell
Current: 27.700
Low
20.00
Averages
23.33
High
25.00
Current: 27.700
Low
20.00
Averages
23.33
High
25.00
About JKS
JinkoSolar Holding Co Ltd is a holding company principally engaged in photovoltaic (PV) industry. The Company builds a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. The Company’s main products comprise silicon wafers, solar cells and solar modules. The Company sells its solar modules under JinkoSolar brand. The Company is also engaged in solar power generation and solar system engineering procurement construction (EPC) services. The Company mainly operates its businesses in the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
JinkoSolar's North American Unit Achieves Cybersecurity Certification
- Stock Surge: JinkoSolar (JKS) shares are climbing about 10% in Wednesday morning trading, currently priced at $28.18, reflecting a 10.86% increase from the opening price of $28.11, indicating strong market confidence following the certification announcement.
- Certification Achievement: The company's North American business unit has received IEC 62443-2-4 certification from exida, a globally recognized authority in industrial cybersecurity, which signifies adherence to best practices in secure development lifecycle processes for industrial automation and control systems.
- Trading Volatility: During today's session, JinkoSolar's stock reached a high of $30.55, with a yearly trading range between $13.42 and $31.88, showcasing investor optimism regarding the company's growth potential.
- Market Impact: The IEC 62443-2-4 certification not only enhances JinkoSolar's credibility within the industry but also strengthens its competitive position in the North American market, potentially driving future business growth and bolstering investor confidence.
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No Signed Agreements: The company has confirmed that it has not signed any framework agreement or formal agreement related to such cooperation.
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- Musk Team Visit: JinkoSolar confirmed a visit from a team sent by Elon Musk, indicating potential collaboration opportunities in the U.S. 100 GW solar cell capacity plan, which could drive new market growth for the company.
- Strong Market Reaction: JinkoSolar's stock surged to the daily limit of 20% in Shanghai trading, reflecting strong investor optimism about the company's future prospects, which also boosted shares of related firms like Trina Solar and LONGi Green Energy.
- Industry Protection Policies: Despite tariffs protecting the U.S. market from cheaper solar products from China and Southeast Asia, several U.S. producers maintain links with Chinese manufacturers, potentially providing JinkoSolar with opportunities for expansion in the U.S. market.
- Photovoltaic Industry Outlook: With Musk's plans driving growth in the U.S. solar market, JinkoSolar and its competitors may benefit from changes in this policy environment, positioning themselves more favorably in the global photovoltaic industry.
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- Cybersecurity Certification: JinkoSolar's North American business unit has received IEC 62443-2-4 certification, indicating that cybersecurity is embedded in the secure development lifecycle for industrial automation and control systems, ensuring the safety of product design, development, and management.
- Secure Design Philosophy: Unlike other companies, JinkoSolar has adhered to a 'secure by design' philosophy since the inception of its ESS business, continuously increasing investments in cybersecurity governance and engineering to meet the rigorous demands of energy infrastructure.
- System Integration and Maintenance: The certification validates that JinkoSolar implements a formal, audited secure development lifecycle that includes threat modeling, risk assessment, and secure supply chain management, ensuring compliance with the stringent standards required by utilities and enterprise customers in high-risk environments.
- Enhanced Customer Confidence: By achieving IEC 62443-2-4 certification, JinkoSolar demonstrates to utilities and enterprise customers that security is ingrained in every step of their service lifecycle, thereby enhancing customer confidence in its products and services.
See More
Musk's Visit to Chinese Solar Firms Sparks Stock Surge
- Stock Surge: Shares of JinkoSolar surged by 20% in early trading after reports of Musk's team visiting Chinese photovoltaic suppliers, reflecting market optimism about potential partnerships and demand boosts.
- Technological Focus: The Musk team's interest in heterojunction and perovskite technologies, which aim to enhance solar cell efficiency, could lead to significant cost reductions if manufacturing hurdles are overcome, thereby driving industry innovation.
- Market Dynamics: Despite the stock rally, analysts noted that the surge was primarily driven by market sentiment and short-covering rather than fundamental changes in company performance, indicating ongoing investor concerns about energy bottlenecks.
- Future Outlook: JinkoSolar aims to build over 12 gigawatts of solar capacity in Southeast Asia by 2030, and despite facing price declines and oversupply challenges, the long-term outlook remains positive, showcasing the company's strategic positioning in the global solar market.
See More
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- Sales Decline: The company's quarterly sales totaled $2.62 billion, missing the street view of $2.75 billion, reflecting challenges in the market environment that may impact future growth strategies.
- Stock Surge: Booz Allen's shares jumped 9.8% to $105.09 on Friday, demonstrating a positive investor reaction to the earnings beat, which bolstered market confidence.
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- Stock Surge: JinkoSolar (JKS) shares are climbing about 10% in Wednesday morning trading, currently priced at $28.18, reflecting a 10.86% increase from the opening price of $28.11, indicating strong market confidence following the certification announcement.
- Certification Achievement: The company's North American business unit has received IEC 62443-2-4 certification from exida, a globally recognized authority in industrial cybersecurity, which signifies adherence to best practices in secure development lifecycle processes for industrial automation and control systems.
- Trading Volatility: During today's session, JinkoSolar's stock reached a high of $30.55, with a yearly trading range between $13.42 and $31.88, showcasing investor optimism regarding the company's growth potential.
- Market Impact: The IEC 62443-2-4 certification not only enhances JinkoSolar's credibility within the industry but also strengthens its competitive position in the North American market, potentially driving future business growth and bolstering investor confidence.
See More
Jinko Solar Clarifies It Has Not Collaborated with Teams Associated with Elon Musk and Has Not Entered Any Agreements
No Cooperation with Teams: Jinko Solar has stated that it has not engaged in any cooperation with teams linked to Elon Musk.
No Signed Agreements: The company has confirmed that it has not signed any framework agreement or formal agreement related to such cooperation.
See More
JinkoSolar Shares Surge 13.7% on Musk Visit Report
- Musk Team Visit: JinkoSolar confirmed a visit from a team sent by Elon Musk, indicating potential collaboration opportunities in the U.S. 100 GW solar cell capacity plan, which could drive new market growth for the company.
- Strong Market Reaction: JinkoSolar's stock surged to the daily limit of 20% in Shanghai trading, reflecting strong investor optimism about the company's future prospects, which also boosted shares of related firms like Trina Solar and LONGi Green Energy.
- Industry Protection Policies: Despite tariffs protecting the U.S. market from cheaper solar products from China and Southeast Asia, several U.S. producers maintain links with Chinese manufacturers, potentially providing JinkoSolar with opportunities for expansion in the U.S. market.
- Photovoltaic Industry Outlook: With Musk's plans driving growth in the U.S. solar market, JinkoSolar and its competitors may benefit from changes in this policy environment, positioning themselves more favorably in the global photovoltaic industry.
See More
JinkoSolar Achieves IEC 62443-2-4 Certification for Cybersecurity
- Cybersecurity Certification: JinkoSolar's North American business unit has received IEC 62443-2-4 certification, indicating that cybersecurity is embedded in the secure development lifecycle for industrial automation and control systems, ensuring the safety of product design, development, and management.
- Secure Design Philosophy: Unlike other companies, JinkoSolar has adhered to a 'secure by design' philosophy since the inception of its ESS business, continuously increasing investments in cybersecurity governance and engineering to meet the rigorous demands of energy infrastructure.
- System Integration and Maintenance: The certification validates that JinkoSolar implements a formal, audited secure development lifecycle that includes threat modeling, risk assessment, and secure supply chain management, ensuring compliance with the stringent standards required by utilities and enterprise customers in high-risk environments.
- Enhanced Customer Confidence: By achieving IEC 62443-2-4 certification, JinkoSolar demonstrates to utilities and enterprise customers that security is ingrained in every step of their service lifecycle, thereby enhancing customer confidence in its products and services.
See More
Musk's Visit to Chinese Solar Firms Sparks Stock Surge
- Stock Surge: Shares of JinkoSolar surged by 20% in early trading after reports of Musk's team visiting Chinese photovoltaic suppliers, reflecting market optimism about potential partnerships and demand boosts.
- Technological Focus: The Musk team's interest in heterojunction and perovskite technologies, which aim to enhance solar cell efficiency, could lead to significant cost reductions if manufacturing hurdles are overcome, thereby driving industry innovation.
- Market Dynamics: Despite the stock rally, analysts noted that the surge was primarily driven by market sentiment and short-covering rather than fundamental changes in company performance, indicating ongoing investor concerns about energy bottlenecks.
- Future Outlook: JinkoSolar aims to build over 12 gigawatts of solar capacity in Southeast Asia by 2030, and despite facing price declines and oversupply challenges, the long-term outlook remains positive, showcasing the company's strategic positioning in the global solar market.
See More
Booz Allen Hamilton Q3 Earnings Beat Estimates, Shares Up 9.8%
- Earnings Beat: Booz Allen Hamilton reported an adjusted EPS of $1.77 for Q3, surpassing the analyst consensus of $1.29, indicating strong profitability despite a 10.2% year-over-year sales decline.
- Sales Decline: The company's quarterly sales totaled $2.62 billion, missing the street view of $2.75 billion, reflecting challenges in the market environment that may impact future growth strategies.
- Stock Surge: Booz Allen's shares jumped 9.8% to $105.09 on Friday, demonstrating a positive investor reaction to the earnings beat, which bolstered market confidence.
- Mixed Market Performance: While the Dow Jones fell around 200 points, Booz Allen's strong performance contrasted with broader market trends, highlighting stock resilience and selective investor preferences.
See More
