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JinkoSolar Earnings Preview: What Wall Street's Top Analysts Are Saying

MarketDash Editorial Team
21 days ago
JinkoSolar reports Q3 earnings Monday morning with analysts expecting a quarterly loss. Here's how the most accurate Wall Street analysts have positioned themselves ahead of the print, with recent price target adjustments painting a cautious picture.

JinkoSolar Holding Co., Ltd. (JKS) is set to report third-quarter earnings on Monday, November 17, before the opening bell. If you're holding shares or thinking about jumping in, you'll want to know what Wall Street's sharpest minds are predicting.

Analysts are bracing for a rough quarter from the China-based solar company, expecting a loss of $1.60 per share on revenue of $2.51 billion. That's the consensus view, anyway.

The stock closed Friday at $27.04, up 2.7%, which is interesting considering where analysts think it should be trading. Speaking of which, let's talk about what the most accurate forecasters on the Street have been saying lately.

Back on October 8, Goldman Sachs analyst Brian Lee stuck with his Sell rating but bumped his price target from $15 to $18. Lee has a 63% accuracy rate, and even his upgraded target sits well below current levels.

UBS analyst Jon Windham, who sports a 69% accuracy rate, maintained a Neutral rating on March 27 but lowered his price target from $25 to $22. That's a more measured take, but still suggests limited upside from here.

The most bearish voice comes from GLJ Research analyst Gordon Johnson, who kept his Sell rating and slashed his price target from $13.08 all the way down to $10.95 on January 23. Johnson has a 50% accuracy rate, so take that one with the appropriate grain of salt.

It's worth noting that JinkoSolar announced back on September 12 a proposed sale of A shares in its subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement. That corporate maneuvering adds another layer to consider as earnings approach.

The consensus here is pretty clear: even the most accurate analysts tracking this stock aren't exactly bullish. With price targets ranging from roughly $11 to $22 and the stock trading above $27, Monday's earnings report will either validate the recent rally or give bears some ammunition.

Back to News

JinkoSolar Earnings Preview: What Wall Street's Top Analysts Are Saying

MarketDash Editorial Team
21 days ago
JinkoSolar reports Q3 earnings Monday morning with analysts expecting a quarterly loss. Here's how the most accurate Wall Street analysts have positioned themselves ahead of the print, with recent price target adjustments painting a cautious picture.

JinkoSolar Holding Co., Ltd. (JKS) is set to report third-quarter earnings on Monday, November 17, before the opening bell. If you're holding shares or thinking about jumping in, you'll want to know what Wall Street's sharpest minds are predicting.

Analysts are bracing for a rough quarter from the China-based solar company, expecting a loss of $1.60 per share on revenue of $2.51 billion. That's the consensus view, anyway.

The stock closed Friday at $27.04, up 2.7%, which is interesting considering where analysts think it should be trading. Speaking of which, let's talk about what the most accurate forecasters on the Street have been saying lately.

Back on October 8, Goldman Sachs analyst Brian Lee stuck with his Sell rating but bumped his price target from $15 to $18. Lee has a 63% accuracy rate, and even his upgraded target sits well below current levels.

UBS analyst Jon Windham, who sports a 69% accuracy rate, maintained a Neutral rating on March 27 but lowered his price target from $25 to $22. That's a more measured take, but still suggests limited upside from here.

The most bearish voice comes from GLJ Research analyst Gordon Johnson, who kept his Sell rating and slashed his price target from $13.08 all the way down to $10.95 on January 23. Johnson has a 50% accuracy rate, so take that one with the appropriate grain of salt.

It's worth noting that JinkoSolar announced back on September 12 a proposed sale of A shares in its subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement. That corporate maneuvering adds another layer to consider as earnings approach.

The consensus here is pretty clear: even the most accurate analysts tracking this stock aren't exactly bullish. With price targets ranging from roughly $11 to $22 and the stock trading above $27, Monday's earnings report will either validate the recent rally or give bears some ammunition.