Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Despite Record Shipments & Revenue, JinkoSolar Shares Fluctuate

A new tax and an increase in operating expenses hit JinkoSolar hard in the fourth quarter of 2014, despite record shipments and revenue, again proving that it’s all about market expectations.

Jinko-Solar-logoJinkoSolar announced its 2014 fourth quarter and full-year earnings early this week, and highlighted record shipments of 838.2 MW, an 18.4% increase on Q3’14, and a 43% increase on figures from a year earlier. This brought the year’s total solar module shipments up to 1,078.3 MW, which included 339.1 MW to be used in JinkoSolar’s own downstream projects.

Total revenue from third parties for the company soared to RMB2.97 billion (US$478.9 million), an increase of 16% over Q3’14, and 35% over a year earlier.

However, following the earnings report, JinkoSolar started fluctuating on the market. MarketWatch claimed that “Shares of the Chinese company fell about 3% in premarket trading” on Monday, however, JinkoSolar’s shares spent all of Monday steadily climbing to a peak of over $23, before dropping to sit at $22.81 as of time of writing. (Yahoo Finance notes that After Hours trading has seen the shares fall 0.48% to $22.70.)

“We closed out the year on a very strong note,” said Kangping Chen, JinkoSolar’s Chief Executive Officer. “Revenue streams expanded as costs continued to improve allowing us to achieve over $100 million in net income for the year. Our rapidly growing downstream business, expanding geographic presence and industry-leading products will continue to support our growth as we work towards our goal of transforming into a one-stop energy solutions provider.”

Most importantly, however, Mr Chen is expecting 2015 to be a stellar year for a number of reasons.

“We continue to diversify our market presence as global solar demand in 2015 is expected to grow by 15-20% despite low oil prices. The price of oil, we believe, has a limited impact on solar fundamentals as it is primarily used for transportation rather than power generation in most of the key solar markets. And it is important to remember that mounting concern over the environment has been one of the driving factors behind increased solar demand in many key markets, China in particular.”

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Autonomous Vehicles

Welcome to China × Cleantech — January 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. Happy 牛 Year! I...

BIPV

There are many things in the cleantech world that are inspiring and fun, but there's perhaps nothing that quickly inspires more joy than seeing...

Clean Power

JinkoSolar, one of the largest solar module producers in the world, is ramping up its solar cell production tremendously. It is building a 20...

Green Economy

Some of the largest US solar panel manufacturers by capacity will probably see growth over the next decade as we (society in general) move...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.