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JinkoSolar Holding Company Limited
Buy, Hold or Sell?

Let's analyse Jinkosolar together

PenkeI guess you are interested in JinkoSolar Holding Company Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of JinkoSolar Holding Company Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Jinkosolar (30 sec.)










What can you expect buying and holding a share of Jinkosolar? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
$73.04
Expected worth in 1 year
$211.39
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
$138.35
Return On Investment
559.2%

For what price can you sell your share?

Current Price per Share
$24.74
Expected price per share
$0 - $25.70
How sure are you?
50%

1. Valuation of Jinkosolar (5 min.)




Live pricePrice per Share (EOD)

$24.74

Intrinsic Value Per Share

$-723.69 - $-332.51

Total Value Per Share

$-650.66 - $-259.47

2. Growth of Jinkosolar (5 min.)




Is Jinkosolar growing?

Current yearPrevious yearGrowGrow %
How rich?$3.7b$1.9b$1.7b47.1%

How much money is Jinkosolar making?

Current yearPrevious yearGrowGrow %
Making money$85.8m$99.7m-$13.9m-16.2%
Net Profit Margin0.7%1.8%--

How much money comes from the company's main activities?

3. Financial Health of Jinkosolar (5 min.)




4. Comparing to competitors in the Solar industry (5 min.)




  Industry Rankings (Solar)  

What can you expect buying and holding a share of Jinkosolar? (5 min.)

Welcome investor! Jinkosolar's management wants to use your money to grow the business. In return you get a share of Jinkosolar.

What can you expect buying and holding a share of Jinkosolar?

First you should know what it really means to hold a share of Jinkosolar. And how you can make/lose money.

Speculation

The Price per Share of Jinkosolar is $24.74. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Jinkosolar.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Jinkosolar, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $73.04. Based on the TTM, the Book Value Change Per Share is $34.59 per quarter. Based on the YOY, the Book Value Change Per Share is $3.31 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Jinkosolar.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps1.807.3%1.807.3%1.947.8%1.586.4%1.526.1%
Usd Book Value Change Per Share34.59139.8%34.59139.8%3.3113.4%10.9944.4%6.9328.0%
Usd Dividend Per Share0.000.0%0.000.0%62.47252.5%20.9384.6%10.4742.3%
Usd Total Gains Per Share34.59139.8%34.59139.8%65.78265.9%31.92129.0%17.4070.3%
Usd Price Per Share40.88-40.88-45.96-36.22-29.71-
Price to Earnings Ratio22.72-22.72-23.69-32.79-101.05-
Price-to-Total Gains Ratio1.18-1.18-0.70-1.49-8.71-
Price to Book Ratio0.56-0.56-1.20-0.92-1.54-
Price-to-Total Gains Ratio1.18-1.18-0.70-1.49-8.71-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share24.74
Number of shares40
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.0020.93
Usd Book Value Change Per Share34.5910.99
Usd Total Gains Per Share34.5931.92
Gains per Quarter (40 shares)1,383.511,276.77
Gains per Year (40 shares)5,534.035,107.08
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1055345524334917585097
2011068110586698351610204
30166021659210047527515311
40221362212613396703320418
50276702766016744879125525
603320433194200931054930632
703873838728234421230735739
804427244262267911406540846
904980649796301401582445953
1005534055330334891758251060

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.01.00.093.8%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.01.00.093.8%
Dividend per Share0.00.01.00.0%2.00.01.066.7%2.00.03.040.0%2.00.08.020.0%2.00.014.012.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.01.00.093.8%

Fundamentals of Jinkosolar

About JinkoSolar Holding Company Limited

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 December 31, 2022, it had an integrated annual capacity of 65 gigawatts (GW) for mono wafers; 55 GW for solar cells; and 70 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 headquartered in Shangrao, the People's Republic of China.

Fundamental data was last updated by Penke on 2024-03-18 19:06:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating inefficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of JinkoSolar Holding Company Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Jinkosolar earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • A Net Profit Margin of 0.7% means that $0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of JinkoSolar Holding Company Limited:

  • The MRQ is 0.7%. The company is not making a profit/loss.
  • The TTM is 0.7%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY1.8%-1.0%
TTM0.7%5Y1.6%-0.8%
5Y1.6%10Y2.8%-1.2%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%0.1%+0.6%
TTM0.7%-4.3%+5.0%
YOY1.8%-0.3%+2.1%
5Y1.6%-8.1%+9.7%
10Y2.8%-8.3%+11.1%
1.1.2. Return on Assets

Shows how efficient Jinkosolar is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • 0.6% Return on Assets means that Jinkosolar generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of JinkoSolar Holding Company Limited:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.6%0.0%
TTM0.6%YOY1.0%-0.4%
TTM0.6%5Y1.0%-0.4%
5Y1.0%10Y1.8%-0.8%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%-0.2%+0.8%
TTM0.6%-0.2%+0.8%
YOY1.0%-0.2%+1.2%
5Y1.0%-0.6%+1.6%
10Y1.8%-0.6%+2.4%
1.1.3. Return on Equity

Shows how efficient Jinkosolar is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • 3.8% Return on Equity means Jinkosolar generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of JinkoSolar Holding Company Limited:

  • The MRQ is 3.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.8%TTM3.8%0.0%
TTM3.8%YOY6.5%-2.7%
TTM3.8%5Y5.5%-1.7%
5Y5.5%10Y9.2%-3.7%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%0.1%+3.7%
TTM3.8%0.4%+3.4%
YOY6.5%0.5%+6.0%
5Y5.5%-0.5%+6.0%
10Y9.2%-0.6%+9.8%

1.2. Operating Efficiency of JinkoSolar Holding Company Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Jinkosolar is operating .

  • Measures how much profit Jinkosolar makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • An Operating Margin of 1.0% means the company generated $0.01  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of JinkoSolar Holding Company Limited:

  • The MRQ is 1.0%. The company is operating inefficient. -1
  • The TTM is 1.0%. The company is operating inefficient. -1
Trends
Current periodCompared to+/- 
MRQ1.0%TTM1.0%0.0%
TTM1.0%YOY3.4%-2.4%
TTM1.0%5Y3.7%-2.7%
5Y3.7%10Y5.2%-1.5%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0%-6.4%+7.4%
TTM1.0%-0.7%+1.7%
YOY3.4%0.2%+3.2%
5Y3.7%0.1%+3.6%
10Y5.2%-1.4%+6.6%
1.2.2. Operating Ratio

Measures how efficient Jinkosolar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Solar industry mean).
  • An Operation Ratio of 0.97 means that the operating costs are $0.97 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of JinkoSolar Holding Company Limited:

  • The MRQ is 0.968. The company is less efficient in keeping operating costs low.
  • The TTM is 0.968. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.968TTM0.9680.000
TTM0.968YOY0.957+0.011
TTM0.9685Y0.962+0.006
5Y0.96210Y0.950+0.012
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9681.629-0.661
TTM0.9681.630-0.662
YOY0.9571.680-0.723
5Y0.9621.625-0.663
10Y0.9501.423-0.473

1.3. Liquidity of JinkoSolar Holding Company Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Jinkosolar is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Solar industry mean).
  • A Current Ratio of 1.05 means the company has $1.05 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of JinkoSolar Holding Company Limited:

  • The MRQ is 1.052. The company is just able to pay all its short-term debts.
  • The TTM is 1.052. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.052TTM1.0520.000
TTM1.052YOY1.001+0.051
TTM1.0525Y1.018+0.034
5Y1.01810Y1.008+0.010
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0521.265-0.213
TTM1.0521.421-0.369
YOY1.0011.437-0.436
5Y1.0181.536-0.518
10Y1.0081.355-0.347
1.3.2. Quick Ratio

Measures if Jinkosolar is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • A Quick Ratio of 0.53 means the company can pay off $0.53 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of JinkoSolar Holding Company Limited:

  • The MRQ is 0.527. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.527. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.527TTM0.5270.000
TTM0.527YOY0.392+0.136
TTM0.5275Y0.453+0.074
5Y0.45310Y0.458-0.005
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5270.517+0.010
TTM0.5270.575-0.048
YOY0.3920.648-0.256
5Y0.4530.651-0.198
10Y0.4580.728-0.270

1.4. Solvency of JinkoSolar Holding Company Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Jinkosolar assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Jinkosolar to Solar industry mean.
  • A Debt to Asset Ratio of 0.75 means that Jinkosolar assets are financed with 75.1% credit (debt) and the remaining percentage (100% - 75.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of JinkoSolar Holding Company Limited:

  • The MRQ is 0.751. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.751. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.751TTM0.7510.000
TTM0.751YOY0.804-0.053
TTM0.7515Y0.763-0.012
5Y0.76310Y0.766-0.003
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7510.588+0.163
TTM0.7510.587+0.164
YOY0.8040.611+0.193
5Y0.7630.617+0.146
10Y0.7660.614+0.152
1.4.2. Debt to Equity Ratio

Measures if Jinkosolar is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Jinkosolar to the Solar industry mean.
  • A Debt to Equity ratio of 499.8% means that company has $5.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of JinkoSolar Holding Company Limited:

  • The MRQ is 4.998. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.998. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.998TTM4.9980.000
TTM4.998YOY5.312-0.314
TTM4.9985Y4.328+0.670
5Y4.32810Y4.116+0.212
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9981.389+3.609
TTM4.9981.389+3.609
YOY5.3121.657+3.655
5Y4.3281.730+2.598
10Y4.1161.617+2.499

2. Market Valuation of JinkoSolar Holding Company Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Jinkosolar generates.

  • Above 15 is considered overpriced but always compare Jinkosolar to the Solar industry mean.
  • A PE ratio of 22.72 means the investor is paying $22.72 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of JinkoSolar Holding Company Limited:

  • The EOD is 13.752. Based on the earnings, the company is underpriced. +1
  • The MRQ is 22.724. Based on the earnings, the company is fair priced.
  • The TTM is 22.724. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD13.752MRQ22.724-8.972
MRQ22.724TTM22.7240.000
TTM22.724YOY23.687-0.963
TTM22.7245Y32.791-10.067
5Y32.79110Y101.052-68.261
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD13.752-0.150+13.902
MRQ22.724-0.110+22.834
TTM22.724-0.031+22.755
YOY23.687-1.055+24.742
5Y32.791-2.382+35.173
10Y101.0521.668+99.384
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of JinkoSolar Holding Company Limited:

  • The EOD is -0.507. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -0.837. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.837. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.507MRQ-0.837+0.331
MRQ-0.837TTM-0.8370.000
TTM-0.837YOY-2.077+1.240
TTM-0.8375Y-3.008+2.171
5Y-3.00810Y-5.748+2.740
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD-0.507-1.474+0.967
MRQ-0.837-3.077+2.240
TTM-0.837-3.976+3.139
YOY-2.077-4.644+2.567
5Y-3.008-5.747+2.739
10Y-5.748-6.253+0.505
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Jinkosolar is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Solar industry mean).
  • A PB ratio of 0.56 means the investor is paying $0.56 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of JinkoSolar Holding Company Limited:

  • The EOD is 0.339. Based on the equity, the company is cheap. +2
  • The MRQ is 0.560. Based on the equity, the company is cheap. +2
  • The TTM is 0.560. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.339MRQ0.560-0.221
MRQ0.560TTM0.5600.000
TTM0.560YOY1.195-0.636
TTM0.5605Y0.923-0.364
5Y0.92310Y1.536-0.613
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD0.3391.291-0.952
MRQ0.5601.570-1.010
TTM0.5601.728-1.168
YOY1.1952.216-1.021
5Y0.9231.949-1.026
10Y1.5362.346-0.810
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of JinkoSolar Holding Company Limited.

3.1. Institutions holding JinkoSolar Holding Company Limited

Institutions are holding 41.518% of the shares of JinkoSolar Holding Company Limited.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Mackenzie Investments4.90060.13972507738-170294-6.3589
2023-12-31Morgan Stanley - Brokerage Accounts4.84910.0081248136845536622.4761
2023-12-31Vanguard Group Inc3.0810.00131576610222541.4317
2023-12-31Amvescap Plc.3.03130.01361551144-106741-6.4384
2023-12-31Handelsbanken Fonder AB2.91970.2682149408500
2023-12-31BlackRock Inc1.77070.000990608343880.4866
2023-12-31Causeway Capital Management LLC1.61530.7774826558621339302.7687
2023-12-31Dimensional Fund Advisors, Inc.1.29280.00716615639273716.3032
2023-12-31HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1.17990.0751603800-30900-4.8684
2023-12-31Greenwoods Asset Management Hong Kong Ltd.1.11380.751456993300
2023-12-31State Street Corporation1.06410.00154452730450.5623
2023-12-31Goldman Sachs Group Inc0.7430.0013380208195509105.8528
2023-12-31Marshall Wace Asset Management Ltd0.69250.0222354352-376489-51.5145
2023-12-31Vontobel Holding Ltd.0.63820.060632658558001.8081
2023-09-30Point72 Asset Management, L.P.0.59220.0269303055-47706-13.6007
2023-12-31Point72 Asia (Singapore) Pte. Ltd0.52382.42112680382680380
2023-12-31Bank of America Corp0.46140.0009236082-202141-46.1274
2023-12-31Barclays PLC0.29220.00214950683550126.6754
2023-12-31Cubist Systematic Strategies, LLC0.28090.0345143759122344571.3005
2023-12-31Lombard Odier Asset Management USA Corp0.23450.0806120000-90000-42.8571
Total 31.2774.693916004994+850099+5.3%

3.2. Funds holding JinkoSolar Holding Company Limited

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-11-30Mackenzie Grnchp Glbl Envr All Cap F54.15013.27982123665-200000-8.6071
2024-01-31Handelsbanken Hållbar Energi A1 SEK2.72271.99571393260-100825-6.7483
2024-02-29Invesco Solar ETF2.09552.2907107231300
2024-01-31Vanguard Emerging Mkts Stock Idx Inv1.07450.014354983000
2024-01-31Vanguard Total Intl Stock Index Inv1.06610.003654552200
2024-01-31Luxembourg Selection Active Solar C USD0.95766.826149000000
2024-01-24iShares Core MSCI Emerging Markets ETF0.73680.015937705800
2024-01-31Storebrand Global Solutions A0.57560.7949294560-4713-1.5748
2023-12-31DFA Emerging Markets Core Equity I0.56120.0404287201218228.223
2024-01-31Storebrand Global Solutions A SEK0.54240.817727756900
2024-01-31Vanguard Instl Ttl Intl Stk Mkt Idx TrII0.51070.003626133700
2024-01-31green benefit Global Impact Fund I0.45426.007923243300
2023-12-31Causeway Emerging Markets Instl0.45410.7266232365146665171.1377
2024-02-29Invesco WilderHill Clean Energy ETF0.39941.5066204357-792-0.3861
2024-02-29SPDR® Kensho Clean Power ETF0.3142.0696160665-2415-1.4809
2024-01-31Storebrand Renewable Energy S0.31193.483515962000
2024-01-31Vanguard FTSE All-Wld ex-US SmCp Idx Ins0.29290.035914990500
2023-12-31DFA Emerging Markets Small Cap I0.2770.125514175700
2024-01-31State St Gbl Sm Cp Eq ex-US Indx NL Cl A0.19660.028510060036003.7113
2024-02-28iShares Core MSCI EM IMI ETF USD Acc0.19020.01339732800
Total 17.883530.08019151345-136658-1.5%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of JinkoSolar Holding Company Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--34.58834.5880%3.312+944%10.989+215%6.932+399%
Book Value Per Share--73.03573.0350%38.448+90%40.626+80%27.372+167%
Current Ratio--1.0521.0520%1.001+5%1.018+3%1.008+4%
Debt To Asset Ratio--0.7510.7510%0.804-7%0.763-2%0.766-2%
Debt To Equity Ratio--4.9984.9980%5.312-6%4.328+15%4.116+21%
Dividend Per Share----0%62.467-100%20.931-100%10.465-100%
Eps--1.7991.7990%1.940-7%1.578+14%1.520+18%
Free Cash Flow Per Share---48.824-48.8240%-22.129-55%-18.323-62%-12.806-74%
Free Cash Flow To Equity Per Share--5.3195.3190%10.212-48%8.522-38%6.025-12%
Gross Profit Margin---10.671-10.6710%-2.962-72%-5.616-47%-4.316-60%
Intrinsic Value_10Y_max---332.507--------
Intrinsic Value_10Y_min---723.692--------
Intrinsic Value_1Y_max---17.268--------
Intrinsic Value_1Y_min---38.752--------
Intrinsic Value_3Y_max---64.115--------
Intrinsic Value_3Y_min---146.369--------
Intrinsic Value_5Y_max---125.713--------
Intrinsic Value_5Y_min---285.971--------
Market Cap1265987858.000-65%2091899096.0002091899096.0000%2363720180.280-11%1855710400.256+13%1521242233.328+38%
Net Profit Margin--0.0070.0070%0.018-58%0.016-52%0.028-73%
Operating Margin--0.0100.0100%0.034-71%0.037-74%0.052-81%
Operating Ratio--0.9680.9680%0.957+1%0.962+1%0.950+2%
Pb Ratio0.339-65%0.5600.5600%1.195-53%0.923-39%1.536-64%
Pe Ratio13.752-65%22.72422.7240%23.687-4%32.791-31%101.052-78%
Price Per Share24.740-65%40.88040.8800%45.960-11%36.218+13%29.705+38%
Price To Free Cash Flow Ratio-0.507+39%-0.837-0.8370%-2.077+148%-3.008+259%-5.748+586%
Price To Total Gains Ratio0.715-65%1.1821.1820%0.699+69%1.491-21%8.707-86%
Quick Ratio--0.5270.5270%0.392+35%0.453+16%0.458+15%
Return On Assets--0.0060.0060%0.010-42%0.010-43%0.018-67%
Return On Equity--0.0380.0380%0.065-42%0.055-31%0.092-59%
Total Gains Per Share--34.58834.5880%65.779-47%31.919+8%17.397+99%
Usd Book Value--3737338791.2003737338791.2000%1977355676.800+89%2080896908.881+80%1401647780.378+167%
Usd Book Value Change Per Share--34.58834.5880%3.312+944%10.989+215%6.932+399%
Usd Book Value Per Share--73.03573.0350%38.448+90%40.626+80%27.372+167%
Usd Dividend Per Share----0%62.467-100%20.931-100%10.465-100%
Usd Eps--1.7991.7990%1.940-7%1.578+14%1.520+18%
Usd Free Cash Flow---2498415068.800-2498415068.8000%-1138092679.200-54%-938781958.173-62%-655888213.149-74%
Usd Free Cash Flow Per Share---48.824-48.8240%-22.129-55%-18.323-62%-12.806-74%
Usd Free Cash Flow To Equity Per Share--5.3195.3190%10.212-48%8.522-38%6.025-12%
Usd Market Cap1265987858.000-65%2091899096.0002091899096.0000%2363720180.280-11%1855710400.256+13%1521242233.328+38%
Usd Price Per Share24.740-65%40.88040.8800%45.960-11%36.218+13%29.705+38%
Usd Profit--85878030.40085878030.4000%99788891.200-14%79636790.890+8%78364611.488+10%
Usd Revenue--11504817766.40011504817766.4000%5650390506.400+104%5919981862.128+94%4069234696.791+183%
Usd Total Gains Per Share--34.58834.5880%65.779-47%31.919+8%17.397+99%
 EOD+3 -5MRQTTM+0 -0YOY+14 -225Y+19 -1710Y+19 -17

4.2. Fundamental Score

Let's check the fundamental score of JinkoSolar Holding Company Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.752
Price to Book Ratio (EOD)Between0-10.339
Net Profit Margin (MRQ)Greater than00.007
Operating Margin (MRQ)Greater than00.010
Quick Ratio (MRQ)Greater than10.527
Current Ratio (MRQ)Greater than11.052
Debt to Asset Ratio (MRQ)Less than10.751
Debt to Equity Ratio (MRQ)Less than14.998
Return on Equity (MRQ)Greater than0.150.038
Return on Assets (MRQ)Greater than0.050.006
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of JinkoSolar Holding Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.911
Ma 20Greater thanMa 5026.090
Ma 50Greater thanMa 10026.615
Ma 100Greater thanMa 20029.894
OpenGreater thanClose22.510
Total0/5 (0.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Total Other Income Expense Net -34,529-47,896-82,425-109,321-191,746160,398-31,348220,602189,254



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in CNY. All numbers in thousands.

Summary
Total Assets108,662,182
Total Liabilities81,658,289
Total Stockholder Equity16,337,235
 As reported
Total Liabilities 81,658,289
Total Stockholder Equity+ 16,337,235
Total Assets = 108,662,182

Assets

Total Assets108,662,182
Total Current Assets68,327,294
Long-term Assets36,467,557
Total Current Assets
Cash And Cash Equivalents 10,243,500
Short-term Investments 104,499
Net Receivables 23,794,509
Inventory 20,778,428
Other Current Assets 13,406,358
Total Current Assets  (as reported)68,327,294
Total Current Assets  (calculated)68,327,294
+/-0
Long-term Assets
Property Plant Equipment 33,245,461
Long Term Investments 1,711,072
Intangible Assets 1,511,024
Long-term Assets Other -704,244
Long-term Assets  (as reported)36,467,557
Long-term Assets  (calculated)35,763,313
+/- 704,244

Liabilities & Shareholders' Equity

Total Current Liabilities64,936,186
Long-term Liabilities14,093,494
Total Stockholder Equity16,337,235
Total Current Liabilities
Short-term Debt 32,460,344
Short Long Term Debt 32,226,474
Accounts payable 10,378,076
Other Current Liabilities 21,283,218
Total Current Liabilities  (as reported)64,936,186
Total Current Liabilities  (calculated)96,348,112
+/- 31,411,926
Long-term Liabilities
Long term Debt Total 15,581,653
Capital Lease Obligations 643,636
Long-term Liabilities  (as reported)14,093,494
Long-term Liabilities  (calculated)16,225,289
+/- 2,131,795
Total Stockholder Equity
Retained Earnings 6,249,883
Accumulated Other Comprehensive Income 217,734
Capital Surplus 9,912,931
Total Stockholder Equity (as reported)16,337,235
Total Stockholder Equity (calculated)16,380,548
+/- 43,313
Other
Capital Stock28
Cash And Equivalents10,372,700
Cash and Short Term Investments 10,347,999
Common Stock Shares Outstanding 50,102
Current Deferred Revenue814,548
Liabilities and Stockholders Equity 108,696,198
Net Debt 37,536,623
Net Invested Capital 63,518,544
Net Tangible Assets 14,871,033
Net Working Capital 4,289,672
Property Plant and Equipment Gross 33,245,461
Short Long Term Debt Total 47,780,123



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
> Total Assets 
559,280
1,278,020
2,242,649
5,874,406
9,176,398
8,372,320
10,611,225
19,083,903
27,144,549
26,090,640
28,636,405
35,853,182
47,844,717
53,232,375
72,983,487
108,662,182
108,662,18272,983,48753,232,37547,844,71735,853,18228,636,40526,090,64027,144,54919,083,90310,611,2258,372,3209,176,3985,874,4062,242,6491,278,020559,280
   > Total Current Assets 
398,470
528,980
970,650
3,188,534
4,608,473
3,985,609
5,342,723
10,403,586
22,494,804
19,695,296
19,607,856
22,854,260
31,688,247
33,682,131
45,524,074
68,327,294
68,327,29445,524,07433,682,13131,688,24722,854,26019,607,85619,695,29622,494,80410,403,5865,342,7233,985,6094,608,4733,188,534970,650528,980398,470
       Cash And Cash Equivalents 
27,242
27,324
152,480
521,205
433,851
279,130
456,076
1,777,021
2,392,591
2,501,417
1,928,303
3,104,917
5,653,854
7,481,678
8,321,415
10,243,500
10,243,5008,321,4157,481,6785,653,8543,104,9171,928,3032,501,4172,392,5911,777,021456,076279,130433,851521,205152,48027,32427,242
       Short-term Investments 
0
1,416
50,462
34,705
494,215
722,461
734,093
132,876
29,427
71,301
2,685
0
1,170,818
570,000
150,000
104,499
104,499150,000570,0001,170,81802,68571,30129,427132,876734,093722,461494,21534,70550,4621,4160
       Net Receivables 
168,762
187,740
343,523
577,295
1,714,143
1,818,217
2,230,564
3,365,718
3,266,935
7,693,314
7,181,908
7,122,607
7,335,283
6,029,679
9,189,622
23,794,509
23,794,5099,189,6226,029,6797,335,2837,122,6077,181,9087,693,3143,266,9353,365,7182,230,5641,818,2171,714,143577,295343,523187,740168,762
       Inventory 
172,135
272,030
245,192
819,515
798,075
527,962
712,029
1,891,148
3,203,325
4,799,281
4,670,806
6,408,549
8,341,162
9,379,549
14,788,507
20,778,428
20,778,42814,788,5079,379,5498,341,1626,408,5494,670,8064,799,2813,203,3251,891,148712,029527,962798,075819,515245,192272,030172,135
       Other Current Assets 
30,331
41,886
178,993
96,872
1,473
1,360,300
1,944,053
3,236,824
13,602,526
4,629,983
5,824,154
6,218,187
10,357,947
10,221,225
13,074,530
13,406,358
13,406,35813,074,53010,221,22510,357,9476,218,1875,824,1544,629,98313,602,5263,236,8241,944,0531,360,3001,47396,872178,99341,88630,331
   > Long-term Assets 
160,810
749,040
1,271,999
2,685,872
4,567,925
3,737,179
3,688,538
3,588,765
4,144,022
5,217,119
7,197,521
8,911,737
12,698,160
14,592,135
22,816,164
36,467,557
36,467,55722,816,16414,592,13512,698,1608,911,7377,197,5215,217,1194,144,0223,588,7653,688,5383,737,1794,567,9252,685,8721,271,999749,040160,810
       Property Plant Equipment 
57,479
352,929
741,481
1,938,978
3,840,799
3,329,873
3,186,998
3,101,795
3,766,436
4,738,681
6,680,187
8,275,900
11,785,821
13,601,078
21,036,757
33,245,461
33,245,46121,036,75713,601,07811,785,8218,275,9006,680,1874,738,6813,766,4363,101,7953,186,9983,329,8733,840,7991,938,978741,481352,92957,479
       Goodwill 
0
0
45,646
45,646
0
0
0
0
0
0
0
0
0
0
0
0
00000000000045,64645,64600
       Long Term Investments 
0
0
0
0
0
0
123,687
16,616
26
7,200
22,322
25,531
278,021
194,258
633,866
1,711,072
1,711,072633,866194,258278,02125,53122,3227,2002616,616123,687000000
       Intangible Assets 
6,962
165,510
228,657
262,810
371,699
372,123
377,854
383,852
370,387
471,237
495,012
610,307
634,318
796,799
1,145,541
1,511,024
1,511,0241,145,541796,799634,318610,307495,012471,237370,387383,852377,854372,123371,699262,810228,657165,5106,962
       Long-term Assets Other 
96,368
230,601
256,215
203,533
355,427
97,010
232,315
638,313
1,120,026
988,370
1,107,924
1,978,494
-271,286
-255,107
-371,767
-704,244
-704,244-371,767-255,107-271,2861,978,4941,107,924988,3701,120,026638,313232,31597,010355,427203,533256,215230,60196,368
> Total Liabilities 
372,586
887,671
1,299,757
3,209,204
6,271,225
6,998,509
8,590,611
14,115,499
21,184,825
19,630,427
21,947,142
27,399,204
35,403,691
40,241,613
58,696,235
81,658,289
81,658,28958,696,23540,241,61335,403,69127,399,20421,947,14219,630,42721,184,82514,115,4998,590,6116,998,5096,271,2253,209,2041,299,757887,671372,586
   > Total Current Liabilities 
310,922
481,331
946,727
2,935,973
5,642,586
6,238,443
7,237,114
10,523,365
18,622,442
18,362,657
19,962,417
24,141,186
31,277,229
31,216,796
45,459,469
64,936,186
64,936,18645,459,46931,216,79631,277,22924,141,18619,962,41718,362,65718,622,44210,523,3657,237,1146,238,4435,642,5862,935,973946,727481,331310,922
       Short-term Debt 
33,625
150,000
657,727
1,743,298
3,195,387
3,708,458
4,223,800
5,126,036
7,321,554
10,709,135
11,887,194
13,185,363
16,833,476
19,725,593
25,669,044
32,460,344
32,460,34425,669,04419,725,59316,833,47613,185,36311,887,19410,709,1357,321,5545,126,0364,223,8003,708,4583,195,3871,743,298657,727150,00033,625
       Short Long Term Debt 
0
0
0
0
0
0
5,319,074
6,526
5,643
10,709,135
11,887,194
13,185,363
16,565,820
19,405,019
25,411,590
32,226,474
32,226,47425,411,59019,405,01916,565,82013,185,36311,887,19410,709,1355,6436,5265,319,074000000
       Accounts payable 
8,721
23,985
99,933
355,011
376,887
1,377,372
1,767,737
3,149,210
3,784,783
4,290,071
4,663,531
5,327,792
4,988,940
4,450,609
6,815,717
10,378,076
10,378,0766,815,7174,450,6094,988,9405,327,7924,663,5314,290,0713,784,7833,149,2101,767,7371,377,372376,887355,01199,93323,9858,721
       Other Current Liabilities 
268,576
30,017
189,067
-164,119,226
1,984,788
1,031,583
1,097,996
1,825,029
2,828,762
3,302,909
3,374,292
18,813,394
9,454,065
2,451,495
12,774,708
21,283,218
21,283,21812,774,7082,451,4959,454,06518,813,3943,374,2923,302,9092,828,7621,825,0291,097,9961,031,5831,984,788-164,119,226189,06730,017268,576
   > Long-term Liabilities 
61,664
406,340
353,029
273,231
628,639
650,582
1,162,000
3,293,165
896,020
488,520
678,279
2,254,306
2,314,403
7,301,536
10,995,191
14,093,494
14,093,49410,995,1917,301,5362,314,4032,254,306678,279488,520896,0203,293,1651,162,000650,582628,639273,231353,029406,34061,664
       Long term Debt Total 
0
0
0
0
0
0
0
541,414
2,164,744
532,535
1,216,689
2,592,718
2,897,893
7,614,721
11,800,059
15,581,653
15,581,65311,800,0597,614,7212,897,8932,592,7181,216,689532,5352,164,744541,4140000000
       Other Liabilities 
0
0
220
228
13,562
17,573
31,633
7,697
1,452
735,235
768,035
665,300
949,034
1,132,955
1,619,781
2,192,806
2,192,8061,619,7811,132,955949,034665,300768,035735,2351,4527,69731,63317,57313,56222822000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
7,636
219
22,864
0
0
0
0
0
0
00000022,8642197,6360000000
> Total Stockholder Equity
175,754
390,350
942,892
2,665,202
2,895,190
1,365,122
2,009,743
3,507,097
4,321,868
6,460,709
6,689,273
7,839,891
9,303,318
9,987,844
11,049,781
16,337,235
16,337,23511,049,7819,987,8449,303,3187,839,8916,689,2736,460,7094,321,8683,507,0972,009,7431,365,1222,895,1902,665,202942,892390,350175,754
   Common Stock
8
8
10
14
13
13
16
18
18
18
19
22
25
26
26
28
282626252219181818161313141088
   Retained Earnings 
74,676
243,053
233,759
958,512
1,396,441
-145,981
42,031
715,056
1,398,808
3,224,520
3,366,226
3,772,705
4,671,367
4,908,359
5,629,377
6,249,883
6,249,8835,629,3774,908,3594,671,3673,772,7053,366,2263,224,5201,398,808715,05642,031-145,9811,396,441958,512233,759243,05374,676
   Accumulated Other Comprehensive Income 
-1,577
-10,853
-54,694
-156,000
-135
179,277
197,798
263,779
364,346
571,037
540,182
640,477
752,659
563,394
545,869
217,734
217,734545,869563,394752,659640,477540,182571,037364,346263,779197,798179,277-135-156,000-54,694-10,853-1,577
   Capital Surplus 
0
0
0
0
0
0
0
450,206
2,924,336
3,145,262
3,313,608
4,010,740
4,582,850
5,251,245
5,617,923
9,912,931
9,912,9315,617,9235,251,2454,582,8504,010,7403,313,6083,145,2622,924,336450,2060000000
   Treasury Stock0-43,170-43,170-13,876-13,876-13,876-13,876-13,876-360-2,292-2,227-1,3270000
   Other Stockholders Equity 
102,648
158,142
763,819
1,706,676
1,498,870
1,331,813
1,769,898
2,528,244
2,558,697
2,665,134
2,782,847
3,426,688
3,879,268
4,516,065
4,874,509
9,869,590
9,869,5904,874,5094,516,0653,879,2683,426,6882,782,8472,665,1342,558,6972,528,2441,769,8981,331,8131,498,8701,706,676763,819158,142102,648



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue83,127,296
Cost of Revenue-70,848,983
Gross Profit12,278,31312,278,313
 
Operating Income (+$)
Gross Profit12,278,313
Operating Expense-9,617,193
Operating Income802,9782,661,120
 
Operating Expense (+$)
Research Development724,769
Selling General Administrative3,481,325
Selling And Marketing Expenses7,241,888
Operating Expense9,617,19311,447,982
 
Net Interest Income (+$)
Interest Income450,620
Interest Expense-490,703
Other Finance Cost-450,620
Net Interest Income-490,703
 
Pretax Income (+$)
Operating Income802,978
Net Interest Income-490,703
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,170,417-564,461
EBIT - interestExpense = 312,275
1,225,784
1,111,209
Interest Expense490,703
Earnings Before Interest and Taxes (EBIT)802,9782,661,120
Earnings Before Interest and Taxes (EBITDA)3,432,673
 
After tax Income (+$)
Income Before Tax2,170,417
Tax Provision-579,242
Net Income From Continuing Ops1,622,9291,591,175
Net Income620,506
Net Income Applicable To Common Shares665,157
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses80,466,176
Total Other Income/Expenses Net1,367,439490,703
 

Technical Analysis of Jinkosolar
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Jinkosolar. The general trend of Jinkosolar is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Jinkosolar's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of JinkoSolar Holding Company Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 23.12 < 25.08 < 25.70.

The bearish price targets are: .

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JinkoSolar Holding Company Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of JinkoSolar Holding Company Limited. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

JinkoSolar Holding Company Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of JinkoSolar Holding Company Limited. The current macd is -1.06614249.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Jinkosolar price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Jinkosolar. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Jinkosolar price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
JinkoSolar Holding Company Limited Daily Moving Average Convergence/Divergence (MACD) ChartJinkoSolar Holding Company Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of JinkoSolar Holding Company Limited. The current adx is 19.38.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Jinkosolar shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
JinkoSolar Holding Company Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of JinkoSolar Holding Company Limited. The current sar is 28.74.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
JinkoSolar Holding Company Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of JinkoSolar Holding Company Limited. The current rsi is 44.91. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
JinkoSolar Holding Company Limited Daily Relative Strength Index (RSI) ChartJinkoSolar Holding Company Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of JinkoSolar Holding Company Limited. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Jinkosolar price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
JinkoSolar Holding Company Limited Daily Stochastic Oscillator ChartJinkoSolar Holding Company Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of JinkoSolar Holding Company Limited. The current cci is -84.5034694.

JinkoSolar Holding Company Limited Daily Commodity Channel Index (CCI) ChartJinkoSolar Holding Company Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of JinkoSolar Holding Company Limited. The current cmo is -6.30035161.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
JinkoSolar Holding Company Limited Daily Chande Momentum Oscillator (CMO) ChartJinkoSolar Holding Company Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of JinkoSolar Holding Company Limited. The current willr is -67.07616708.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Jinkosolar is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
JinkoSolar Holding Company Limited Daily Williams %R ChartJinkoSolar Holding Company Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of JinkoSolar Holding Company Limited.

JinkoSolar Holding Company Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of JinkoSolar Holding Company Limited. The current atr is 1.40379797.

JinkoSolar Holding Company Limited Daily Average True Range (ATR) ChartJinkoSolar Holding Company Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of JinkoSolar Holding Company Limited. The current obv is -12,023,400.

JinkoSolar Holding Company Limited Daily On-Balance Volume (OBV) ChartJinkoSolar Holding Company Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of JinkoSolar Holding Company Limited. The current mfi is 30.16.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
JinkoSolar Holding Company Limited Daily Money Flow Index (MFI) ChartJinkoSolar Holding Company Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for JinkoSolar Holding Company Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

JinkoSolar Holding Company Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of JinkoSolar Holding Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.911
Ma 20Greater thanMa 5026.090
Ma 50Greater thanMa 10026.615
Ma 100Greater thanMa 20029.894
OpenGreater thanClose22.510
Total0/5 (0.0%)
Penke

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