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JinkoSolar +5% after strong Q3, higher full-year guidance

Published 11/16/2016, 12:47 PM
JinkoSolar +5% after strong Q3, higher full-year guidance
JKS
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  • JinkoSolar (JKS +4.8%) enjoys strong gains after reporting better than expected Q3 earnings and revenues.
  • JKS says the Y/Y revenue increase was due mainly to the increase in revenues from electricity generation and solar module shipments growing at a faster pace than the decline in average selling prices; however, revenues were lower Q/Q due to the lower module selling prices.
  • Total Q3 solar module shipments were 1,606 MW, down 6.4% Q/Q and up 41.6% Y/Y; JKS solar power projects generated 395 GWh of electricity, up 20.8% Q/Q and 69% Y/Y.
  • JKS estimates Q4 total solar module shipments of 1.7-1.8 GW, and raises its FY 2016 shipment guidance to 6.6-6.7 GW from an earlier outlook of 6.0-6.5 GW.


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