Why JinkoSolar Holding Co. Ltd. Shares Popped Today
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of JinkoSolar Holding jumped 17% today after the solar manufacturer released fourth-quarter and full-year earnings.
So what: Total quarterly revenue rose 11.5% sequentially to $361.4 million on the back of a 13% increase in shipments. Net income was up about 60% sequentially to $27.1 million, or $0.96 per share, $0.03 ahead above analyst estimates.
Now what: This is one of only a few profitable Chinese solar manufacturers, and it also has an outstanding balance sheet that will allow investment in the next generation of technology. That should allow margins to remain high and systems will bring in captive demand from a 1.1-gigawatt pipeline. This is one of the top stocks in solar and today's results show the power of JinkoSolar's business.
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The article Why JinkoSolar Holding Co. Ltd. Shares Popped Today originally appeared on Fool.com.Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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