JinkoSolar: Q3 Earnings Insights

Shares of JinkoSolar Holding Co JKS fell 7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 23.26% year over year to $1.06, which beat the estimate of $0.85.

Revenue of $1,291,000,000 higher by 23.30% year over year, which missed the estimate of $1,300,000,000.

Guidance

Q4 revenue expected between $1,310,000,000 and $1,430,000,000.

Details Of The Call

Date: Dec 07, 2020

Time: 07:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/22njvvhn

Technicals

Company's 52-week high was at $90.20

52-week low: $11.42

Price action over last quarter: Up 86.93%

Company Overview

JinkoSolar Holding Co Ltd is engaged in the PV industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under JinkoSolar brand. The company's product includes Swan, Tiger, Cheetah, and others. Geographically, the firm generates a majority of its revenue from North America.