JinkoSolar Taps China Unit to Raise $1.5 Billion for New Projects

Leading solar panel maker will take advantage of a significantly higher valuation for its Shanghai- listed unit to raise money through a convertible bond issue Key Takeaways: JinkoSolar will issue up to 10 billion yuan worth of convertible bonds through its China-listed subsidiary to help fund two major new projects announced earlier this year The fundraising takes advantage of a major valuation gap between the U.S.-listed company, which trades at a P/E of 40, and the China-listed unit, whose P/E stands at around 130 By Doug Young There’s no question…

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JinkoSolar Stumbles on Covid Challenges, But Longer-Term Future Remains Bright

Solar panel maker said its revenue fell sequentially from the fourth quarter to the first, but noted the war in Ukraine is speeding a global drive to reduce dependence on fossil fuels Key Takeaways: JinkoSolar blamed Covid disruptions for a 10% sequential decline in its first-quarter revenue, but added such challenges should be ‘short-term and manageable’ Company forecast it will sell 35 GW to 40 GW of capacity this year, implying it is taking market share from rivals By Doug Young Quite a few messages are emanating from two new…

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JinkoSolar Shines in Latest Polysilicon Tie-Up, Brightening Industry Trends

Company to invest $70 million in new polysilicon joint venture with supplier Tongwei Key Takeaways: JinkoSolar’s shares rise 5% after announcement of a new $70 million investment in domestic polysilicon maker Tongwei Company’s stock is up 33% since early September on improving outlook for solar panel makers By Doug Young The latest steps to strengthen its polysilicon supply chain are providing a lift to solar panel maker JinkoSolar Holding Co. Ltd. (JKS.US), underscoring the recent importance of securing such supplies in an industry with quite a few moving parts. We’ll…

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JinkoSolar Dims, Then Shines, with U.S. Export Restrictions and Power Storage Tie-Up

Company’s shares tumbled last month on potential new restrictions from Washington, but were largely unmoved last week after announcement of major new alliance Key Takeaways: •      JinkoSolar’s shares have come under recent pressure from potential U.S. import restrictions on the company and some of its Chinese peers •      JinkoSolar recently formed a strategic alliance with battery giant CATL, but investors may be waiting for more details to determine the deal’s significance By Thomas Zhang Day traders looking to make a quick buck from shares of leading Chinese solar panel maker…

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Struggling Solar Farm Builder ReneSola Hopes for Dawn of New Day

Cash-challenged company offers glimmers of hope with upward revisions to first-quarter guidance and announcement of joint venture that could ease its financial burden Key points: Struggling ReneSola could be at a turning point if sales of its solar farms pick up with the pandemic’s easing and it can offload more of its late-stage projects to a new joint venture Investors will be watching to see if the company’s revenue returns to a growth track, as its cash remains dangerously low By Doug Young It may sound cliché, but the latest…

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Solar Squeeze Darkens Outlook for Panel Maker Jinko

Company’s revenue flatlines and profits evaporate in fourth quarter as its costs soar and prices for its finished solar panels fall  Key takeaways: JinkoSolar and its peers are getting squeezed by soaring material prices, even as prices for their finished solar panels remain weak due to competition Improving solar technology combined with global determination to lower carbon emissions should make the sector attractive over the longer term By Doug Young Solar power is becoming big business as many nations try to reduce their carbon footprints. But you would never know…

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