JinkoSolar Holding (JKS) To Report Q2 Earnings: What's Up?
Zacks Investment Research | Aug 27, 2019 10:53PM ET
JinkoSolar Holding Company Limited (NYSE:JKS) is expected to report second-quarter 2019 results on Aug 30, before the market opens.
In the last reported quarter, the company witnessed a negative earnings surprise of 47.83%. The bottom line also missed the Zacks Consensus Estimate in three of the trailing four quarters, the average miss being 22.58%.
Let's see how things are shaping up prior to this announcement.
Factors at Play
Increasing solar demand worldwide has been steadily driving module sales for JinkoSolar, particularly from overseas market. The second quarter of 2019 was no exception. In May 2019, the company announced that it has supplied 250,000 Pieces of its 345Watt-1500V monocrystalline standard modules to one of the largest solar power plant in Colombia. In June, it supplied 351MW of solar modules to Power Construction Corporation of China and 258MW of monocrystalline PERC double glass modules to Trung Nam Group.
In July, JinkoSolar supplied 7.8MW of solar modules that were installed at two PV power plants in Hungary. In the same month, 95 MW of highly-efficient solar panels were supplied to Vena Energy Australia. Moreover, the company launched the "Swan" bifacial module – the latest addition to its range of premium Cheetah products.
JinkoSolar Holding Company Limited Price and EPS Surprise
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