JinkoSolar Holding Co., Ltd. (JKS) Fundamental Analysis: Bull vs. Bear Case

JKS

JinkoSolar Holding Co., Ltd.

Fundamental data last updated:June 19, 2026

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company profile

SECTOR

Energy

industry

Solar

Exchange

NYSE

County of HQ

CN

Next Earnings Date

08/27/2026

Business Summary

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of March 31, 2022, it had an integrated annual capacity of 40 gigawatts (GW) for mono wafers; 40.0 GW for solar cells; and 50.0 GW for solar modules. The company has operations in the People's Republic of China, the United States, Mexico, Australia, Japan, United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, and Germany. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People's Republic of China.

VALUATION

P/E

-0.08

Market Cap ($M USD)

$295.76M

Forward P/E

1.34 PEG

0.01 PRICE TO SALES

0.03 PRICE TO BOOK

0.13 EV / EBITDA

-5.10

5-Year Average P/E

Free Cash Flow Yield

0.00%

DCF Value

$27066.98

Graham Number

N/A

Price to FCF

0.00 EV to FCF

0.00 Earnings Yield

-178.97%

FCF Yield

0.00%

DIVIDEND

Yield

5.67%

Annual Payout

$8.66

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$273.54

Next Year EPS Growth Estimate

$16.80

Next Year Revenue Growth Estimate

$10.19T

Return on Equity (ROE)

-21.77%

FREE CASH FLOW

Operating Margin

-7.75%

Debt-to-Equity

3.38 Piotroski F-Score

3 Altman Z-Score

0.50 Return on Invested Capital (ROIC)

-7.30%

Current Ratio

1.26 Quick Ratio

0.95 Net Debt to EBITDA

-4.79

Interest Coverage

-3.55

Gross Profit margin

4.36%

FCF PER SHARE

$0.00

REVENUE PER SHARE

$4867.68

Gainseekers Quantitative Analysis

Summary

JinkoSolar’s valuation is a paradox wrapped in a solar panel. Despite a staggering DCF value, the market has priced it with a negative P/E and a shockingly low Price/Book ratio. The Forward P/E suggests optimism, but the Altman Z-score signals distress. Earnings yield is in the red, highlighting profitability concerns. This stock is a high-risk, high-reward play, teetering between potential growth and financial instability.

AI Exposure / Tech Reliance

In the rapidly evolving solar industry, JinkoSolar is positioned to leverage AI for optimizing energy efficiency and production processes. The company's focus on renewable energy aligns well with tech advancements, potentially enhancing its competitive edge. However, the ability to adapt swiftly will be crucial in maintaining relevance.

The Bull Case

For the bold investor, JinkoSolar offers a tantalizing opportunity. The Forward PEG ratio is a mere whisper above zero, suggesting undervaluation relative to growth. Despite a low Piotroski F-Score, the company's sales growth potential is astronomical. The dividend yield provides a cushion, hinting at shareholder returns even amidst operational challenges.

The Bear Case

JinkoSolar's financial structure is fraught with peril. The negative ROIC and operating margin underscore inefficiencies, while the Debt/Equity ratio raises red flags about leverage. The Altman Z-score and interest coverage ratios scream caution, indicating potential solvency issues. With the stock trading close to its 52-week high, the risk of overextension looms large.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$24.00

Institutional Ownership %

1-Year Beta

0.49 Insider Buying % (6 Mo)

Distance to 52-Week High

41.12%

Distance to 52-Week Low

22.40%

EARNINGS SURPRISE %

17.49%

50-DAY SMA

$23.66

200-DAY SMA

$25.08

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.