OakChart

Jinko Holdings Ltd ADR

JKSTechnology·Solar·China·Small·NYSE·Nov 11 • 3:59 PM ET

10.14+0.07 (0.70%)
2026-11-12 02:34 CET
Market cap
506.11 USD m
Revenue, TTM
8,073.53 USD m
Net income, TTM
-406.14 USD m
Free cash flow, TTM
- USD m
EPS diluted, TTM
-7.73
P/E
-
Compare

Price

JKS against its 20, 50 and 200-day averages
2050200miss
10.0015.0020.0025.001.0M2.1MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26JKSclose 10.1420-day 9.0750-day 9.73200-day 18.3410.1452w low

68.2% under the 52-week high of 31.88 on 17 Nov 2025. 52-week low 7.83 on 22 Oct 2026. Last 15 sessions, 50.6% high to low

Volume 0.90× normal · the line is the 50-bar volume average

Profile

JKS
52-week range, 10% of the way up
7.8231.88

Jinko Holdings Ltd. engages in the manufacture of solar modules. It distributes solar products and sells its solutions and services to a diversified international utility, commercial and residential customers. The company was founded by Xian De Li, Kang Ping Chen, and Xian Hua Li in June 2006 and is headquartered in Shangrao, China.

Employees26409
IPOMay 14, 2010
Beta0.31
ATR, 14d0.68
Rel volume0.90
Short float5.55%
Insider own0.01%
Inst own34.50%

Snapshot

6 groups

Valuation

Index-
Market Cap509.64M
Enterprise Value6.50B
Income-406.14M
Sales8.07B
Book/sh42.69
Cash/sh65.95
Dividend Est.-
Dividend TTM1.50 (14.79%)
Dividend Ex-DateJun 22, 2026
Dividend Gr. 3/5Y- -
Payout-
Employees26409
IPOMay 14, 2010

Ratios

P/E-
Forward P/E-
PEG-
P/S0.06
P/B0.24
P/C0.15
P/FCF-
EV/EBITDA-
EV/Sales0.80
Quick Ratio0.77
Current Ratio1.12
Debt/Eq3.35
LT Debt/Eq1.84
Option/ShortYes / Yes

Earnings

EPS (ttm)-7.73
EPS next Y-1.79
EPS next Q-0.98
EPS this Y50.12%
EPS next Y60.19%
EPS next 5Y80.23%
EPS past 3/5Y- -
Sales past 3/5Y-9.63% 12.35%
EPS Y/Y TTM15.25%
Sales Y/Y TTM-15.19%
EPS Q/Q76.26%
Sales Q/Q-10.52%
EarningsOct 30 BMO
EPS/Sales Surpr.-0.24% 0.24%

Ownership

Insider Own0.01%
Insider Trans-99.62%
Inst Own34.50%
Inst Trans9.22%
ROA-2.37%
ROE-17.86%
ROIC-6.67%
Gross Margin5.92%
Oper. Margin-7.59%
Profit Margin-5.03%
SMA2011.78%
SMA504.21%
SMA200-44.71%
Trades-

Technical

Shs Outstand50.26M
Shs Float50.26M
Short Float5.55%
Short Ratio3.52
Short Interest2.79M
52W High31.88 -68.19%
52W Low7.82 29.58%
Volatility8.35% 6.33%
ATR (14)0.68
RSI (14)56.33
Beta0.31
Rel Volume0.90
Avg Volume792.64K
Volume712,566

Performance

Perf Week-4.79%
Perf Month17.77%
Perf Quarter-37.75%
Perf Half Y-61.06%
Perf YTD-60.71%
Perf Year-63.81%
Perf 3Y-71.93%
Perf 5Y-83.37%
Perf 10Y-23.59%
Recom2.71
Target Price14.11
Prev Close10.07
Price10.14
Change %0.70%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 06, 2026UpgradeUUBSNeutral → Buy$17+67.7%
Mar 24, 2026UpgradeDDaiwa SecuritiesSell → Buy$28.50+181.1%
May 05, 2025DowngradeCCitigroupBuy → Sell
Jan 10, 2025DowngradeDDaiwa SecuritiesUnderperform → Sell
Mar 21, 2024DowngradeRROTH MKMBuy → Neutral$50 → $25+146.5%
Feb 05, 2024DowngradeHHSBC SecuritiesBuy → Hold
Feb 05, 2024DowngradeDDaiwa SecuritiesOutperform → Neutral$25+146.5%
Jan 26, 2024InitiatedDDaiwa SecuritiesOutperform$33.30+228.4%
Jan 11, 2023UpgradeRROTH CapitalNeutral → Buy$50 → $70+590.3%
Sep 29, 2022InitiatedHHSBC SecuritiesBuy$76+649.5%

Peers

Mkt cap
TickerCompanyMkt cap
CSIQCanadian Solar Inc690.51M
TOYOTOYO Co Ltd217.87M
DQDaqo New Energy Corp ADR789.03M
FSLRFirst Solar Inc19.14B
ARRYArray Technologies Inc802.20M
TET1 Energy Inc637.93M
ENPHEnphase Energy Inc3.74B
SEDGSolaredge Technologies Inc1.65B
NXTNextpower Inc15.15B
SHLSShoals Technologies Group Inc1.48B

Insider trading

11 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Siew Wing KeongDirectorSep 23 '26Proposed Sale1.0245,00046,000Sep 23 06:53 AM
Zhuoling International Limited10% OwnerSep 22 '26Proposed Sale10.50700,0007,350,000Sep 22 08:38 AM
Siew Wing KeongDirectorJun 30 '26Sale16.4916,000263,840170,000Jul 02 08:11 AM
Siew Wing KeongDirectorMay 19 '26Proposed Sale25.006,000150,000May 19 08:27 AM
Siew Wing KeongDirectorMay 13 '26Sale26.1116,000417,760186,000May 15 07:42 AM
LI XIANHUADirectorMay 13 '26Sale25.531,280,00032,678,40010,349,612May 15 07:41 AM
Peaky Investments LimitedDirectorMay 13 '26Proposed Sale24.00320,0007,680,000May 13 03:26 PM
Siew Wing KeongDirectorMay 13 '26Proposed Sale25.005,000125,000May 13 07:24 AM
Markscheid StephenDirectorMay 05 '26Proposed Sale25.0010,000250,000May 05 06:39 AM
HY Vision Cloud Holdings LimitDirectorDec 18 '25Proposed Sale29.00200,0005,800,000Dec 18 12:00 PM
Siew Wing KeongDirectorNov 20 '25Proposed Sale30.0010,000300,000Nov 20 10:23 AM

Held by

AUM
TickerCompanyAUM
TANInvesco Solar ETFAUM: 1.10B
PBWInvesco WilderHill Clean Energy ETFAUM: 303.43M
FNDESchwab Fundamental Emerging Markets Equity ETFAUM: 10.05B
ICLNiShares Global Clean Energy ETFAUM: 2.08B
VXUSVanguard Total International Stock ETFAUM: 161.32B
VWOVanguard FTSE Emerging Markets ETFAUM: 119.40B
CNRGState Street SPDR S&P Kensho Grid Innovation ETFAUM: 160.58M
IEMGiShares Core MSCI Emerging Markets ETFAUM: 144.94B
KOMPState Street SPDR S&P Kensho New Economies Composite ETFAUM: 2.46B
VSSVanguard FTSE All-World Ex-US Small Capital Index Fund ETFAUM: 11.05B

News

latest 14 of 200
  • Jinko Solar Invited to Attend the U.S. B20 Summit and Serve as a Core Member of the Energy Task Force (PR Newswire) -6.67%
  • Jinko Holdings Nears Breakeven On A Tripled Gross Margin, But Shrinking Volumes And A Q4 Margin Warning Temper The Inflection (Earnings Whispers)
  • Jinko Holdings Announces Change of Chief Financial Officer and Appointment of New Director (PR Newswire)
  • Jinko Holdings: Q3 Earnings Snapshot (Associated Press)
  • Jinko Holdings Announces Third Quarter 2026 Financial Results (PR Newswire)
  • JinkoSolar Must Show Its Margin Slide Has Bottomed After A Painful Guidance Cut (Earnings Whispers)
  • Jinko Holdings to Report Third Quarter 2026 Results on October 30, 2026 (PR Newswire)
  • JinkoSolar Completes Name Change to Jinko Holdings Limited (PR Newswire)
  • JinkoSolar Announces Results of 2026 Annual General Meeting (PR Newswire)
  • JinkoSolar Unveils Tiger Neo 5.0 All-Black Residential Solar Module with 25.52% Efficiency (PR Newswire)
  • JinkoSolar's Subsidiary, Jinko Solar Co., Ltd., Announces Estimates of Certain Preliminary Unaudited Financial Results for the Nine Months Ended September 30, 2026 (PR Newswire)
  • JinkoSolar Announces Proposed Change of Company Name to Jinko Holdings Limited and Provides Strategic Investment Update (PR Newswire)
  • JinkoSolar Schedules 2026 Annual General Meeting to be Held on October 21, 2026 (PR Newswire)
  • JinkoSolar Holding Co Ltd (JKS) (Q2 2026) Earnings Call Highlights: Navigating Pricing ... (GuruFocus.com) -11.87%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-30-2.128-2.123-1.8062,4352,4303
2026Q22026-08-26-2.564-0.802-1.9381,8392,1813
2026Q12026-04-29-1.534-1.864-1.2781,7922,1115
2025Q42026-04-16-2.346-1.085-4.0412,5672,7775
2025Q32025-11-17-1.004-2.014-2.0012,2772,7212
2025Q22025-08-27-1.407-3.247-2.3252,7482,6242
2025Q12025-04-29-3.516-0.973-3.5151,9002,0623
2024Q42025-03-26-1.017-0.415-1.2832,8323,2323
2024Q32024-10-300.072-0.7230.0613,4883,1394
2024Q22024-08-300.248-0.153-0.2933,3063,9652
2024Q12024-04-291.1650.1020.7463,1923,3604
2023Q42024-03-201.2122.5220.0754,6244,3104
2023Q32023-10-303.3771.4363.2734,4544,1753
2023Q22023-08-143.5431.6013.3304,2623,8911
2023Q12023-04-282.3110.4882.1863,3993,2403
2022Q42023-03-102.0501.1820.8214,4093,6094

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY0.6800.8190.6394,0693,986
2018FY1.6821.8271.5883,7343,900
2019FY3.2903.0543.0724,2734,205
2020FY3.2802.9300.7465,3845,119
2021FY1.7001.7141.2446,4075,926
2022FY1.9502.9951.83912,11311,351
2023FY10.14811.5558.59416,71616,206
2024FY1.4931.071-0.70312,65013,245
2025FY-8.838-6.682-12.5119,6059,654
2026FY--4.505--8,791
2027FY--1.794--11,314
2028FY--0.070--12,546

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-054042,3642,2752,539
2026Q4S2026-11-024042,7922,2814,019
2026Q4S2026-10-304042,8172,2794,015
2026Q4S2026-10-224042,9862,4264,006
2026Q4S2026-10-064032,9922,4164,050
2026Q4S2026-08-274032,9862,4104,039
2026Q4S2026-08-263023,1162,4114,040
2026Q4S2026-08-112003,8743,7254,024
2026Q4S2026-08-092103,8733,7244,023
2026Q4S2026-08-073103,6113,0874,023
2026Q4S2026-07-224103,5813,0794,013
2026Q4S2026-07-194103,5783,0764,012
2026Q4S2026-07-175103,5183,0764,012
2026Q4S2026-07-155103,5243,0764,012

Estimate history

EPS, annual0.6391.5883.0720.7461.2441.8398.594-0.703-11.868-7.7315
Period201720182019202020212022202320242025TTM
EPS, quarterly0.061-1.283-3.515-2.325-2.001-4.041-1.278-1.938-0.475
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual3917.1473784.5814304.9085089.5786330.32312344.9416750.61612819.0419111.5148073.53
Period201720182019202020212022202320242025TTM
Sales, quarterly3419.2592872.4771902.4532486.9142257.5512469.06117691815.3262020.142
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual33.03739.21644.73347.59547.70650.29752.1451.37752.35750.259
Period201720182019202020212022202320242025MRQ
Shares, quarterly51.57251.37750.12450.25950.25952.35750.25950.25950.259
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue8,073.539,111.5112,819.0416,750.6212,344.946,330.325,089.584,304.913,784.58
Cost of Goods Sold Incl. D&A7,595.428,915.2811,421.6014,062.1810,521.535,298.004,195.423,518.833,253.56
Gross Profit478.11196.231,397.442,688.431,823.411,032.33894.15786.08531.02
Selling, General and Administrative Excl. Other1,091.001,203.861,689.591,738.171,704.16818.94619.01525.89431.35
Research and Development134.97124.77127.91128.70107.6371.5756.3946.9555.40
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income-612.89-1,007.62-292.15950.26119.25213.39275.14260.1999.66
Interest Expense209.79189.21158.83165.30160.30129.9997.9281.4257.30
Unusual Expense171.19261.1285.63107.7667.19-34.98105.9538.328.86
Net Income Before Taxes-903.86-1,277.5736.121,057.18293.55168.9982.06181.0761.56
Income Taxes-243.08-308.969.65177.8889.8930.1025.8540.230.67
Consolidated Net Income-686.55-989.181.87910.73232.43148.1748.57133.7761.29
Net Income From Continuing Operations-406.14-618.377.58486.5892.15111.8033.38130.0661.43
Net Income-406.14-618.377.58486.5892.15111.8033.38130.0661.43
EPS (Recurring)-5.39-8.360.449.932.780.772.403.711.75
EPS (Basic, Before Extraordinaries)-7.73-11.870.159.371.862.350.753.071.60
EPS (Diluted)-7.73-11.87-0.708.591.841.240.753.071.59
EBITDA-103.83788.552,100.66524.95484.96466.10388.99221.51
Non-Operating Income (Expense)90.02180.38572.73379.97401.8050.6110.7740.6128.07
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-23.5538.1291.32111.481.150.100.503.32
Price To Earnings Ratio--17.273.2371.0119.5890.637.626.40
Price To Sales Ratio0.060.150.100.120.170.370.540.220.10
Gross Margin5.922.1510.9016.0514.7716.3117.5718.2614.03
Operating Margin-7.59-11.06-2.285.670.973.375.416.042.63
Net Margin-5.03-6.790.062.900.751.770.663.021.62
Shares Outstanding50.2652.3651.3852.1450.3047.7147.6044.7339.22
Market Capitalization506.11506.111,284.141,905.062,049.052,191.932,800.35989.85387.81

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,020.141,815.331,769.002,469.062,257.552,486.911,902.452,872.48
Cost of Goods Sold Incl. D&A1,772.281,739.951,621.902,461.292,092.422,414.131,950.952,768.52
Gross Profit247.8675.38147.107.77165.1372.78-48.49103.96
Selling, General and Administrative Excl. Other259.73284.76232.04314.47283.79259.99345.25335.43
Research and Development34.4533.9933.0033.5335.7334.7820.8636.15
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income-11.86-209.38-84.94-306.70-118.65-187.21-393.74-231.47
Interest Expense47.3556.8454.9750.6345.6546.0146.9448.34
Unusual Expense24.56-45.6533.26159.0351.7623.038.36-9.49
Net Income Before Taxes-38.69-190.78-174.06-500.33-182.67-223.76-372.46-179.36
Income Taxes-17.44-24.05-54.77-146.83-26.77-39.92-96.13-80.75
Consolidated Net Income-22.84-178.28-127.15-358.27-155.49-193.63-282.66-115.19
Net Income From Continuing Operations-25.22-102.43-66.94-211.55-104.75-121.16-181.25-65.89
Net Income-25.22-102.43-66.94-211.55-104.75-121.16-181.25-65.89
EPS (Recurring)-0.15-2.54-0.83-1.91-1.31-2.02-3.40-1.41
EPS (Basic, Before Extraordinaries)-0.47-1.94-1.28-4.04-2.00-2.32-3.52-1.28
EPS (Diluted)-0.47-1.94-1.28-4.04-2.00-2.32-3.52-1.28
Non-Operating Income (Expense)45.0829.79-0.8916.0333.4032.4976.5990.95
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio------228.9917.27
Price To Sales Ratio0.060.110.150.150.130.100.080.10
Gross Margin12.274.158.320.317.312.93-2.553.62
Operating Margin-0.59-11.53-4.80-12.42-5.26-7.53-20.70-8.06
Net Margin-1.25-5.64-3.78-8.57-4.64-4.87-9.53-2.29
Shares Outstanding50.2650.2650.2652.3650.2650.2650.1251.38
Market Capitalization506.11844.351,277.081,297.181,204.471,063.62961.301,284.14

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments4,353.914,334.613,888.552,923.132,876.882,300.591,889.391,098.28921.66
Short Term Receivables3,091.232,887.934,171.093,815.321,759.661,273.031,200.601,241.991,276.04
Inventories2,262.472,077.413,212.162,988.972,320.371,434.231,197.46933.42717.26
Other Current Assets139.65133.83421.09101.44185.97142.48261.7355.0896.07
Total Current Assets9,847.269,433.7911,692.899,828.867,142.885,150.334,549.183,328.763,011.03
Net Property, Plant & Equipment5,917.356,314.966,281.684,949.553,592.452,313.691,887.001,531.431,135.87
Total Investments and Advances307.91458.87529.87444.46288.48357.87158.40137.9141.61
Long-Term Note Receivable108.54125.96-0.0095.8691.4161.41--
Intangible Assets63.8063.2980.2411.458.715.485.225.153.95
Deferred Tax Assets654.87361.87181.89101.3158.3339.0138.9549.2442.29
Other Assets418.73349.92385.70295.39264.65181.97168.45169.58162.72
Total Assets17,318.4617,108.6619,152.2815,631.0211,451.358,139.766,868.625,222.074,397.48
Short Term Debt Incl. Current Port. of LT Debt2,972.222,502.915,670.064,786.874,027.563,016.242,416.621,960.831,858.78
Accounts Payable1,961.541,512.302,182.001,492.881,069.41680.54716.22776.00716.14
Income Tax Payable25.4196.38143.26106.1233.7111.2716.8610.234.27
Other Current Liabilities2,917.613,352.743,434.232,955.182,002.061,065.301,340.48769.14486.29
Total Current Liabilities7,876.787,464.3311,429.559,341.057,132.744,773.364,490.183,516.203,065.48
Long Term Debt4,629.574,052.422,337.982,086.291,822.741,206.74456.15377.63186.84
Provision for Risks Charges236.92292.66302.51204.59136.24122.96100.2593.13106.25
Deferred Tax Liabilities4.297.7718.5428.0228.7150.2636.003.7710.77
Other Liabilities625.54601.14335.3986.5689.200.010.000.000.93
Total Liabilities13,373.1012,418.3214,423.9711,746.529,209.646,153.345,082.573,990.743,370.26
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity2,250.402,726.162,842.062,350.111,733.751,527.241,335.591,141.891,027.22
Total Shareholders Equity2,250.402,726.162,842.062,350.111,733.751,527.241,335.591,141.891,027.22
Accumulated Minority Interest1,694.961,964.181,886.261,534.40507.97459.18450.4589.44-0.00
Total Equity3,945.364,690.344,728.313,884.502,241.721,986.421,786.041,231.341,027.22
Total Liabilities & Stockholders Equity17,318.4617,108.6619,152.2815,631.0211,451.358,139.766,868.625,222.074,397.48
Book Value Per Share42.9853.0654.5146.7236.3432.0929.8629.1231.09
Tangible Book Value Per Share41.7651.8352.9746.5036.1631.9729.7428.9930.97
Full-Time Employees26,40933,83057,39746,51131,03024,36115,19512,56512,696
Price to Book Ratio0.240.450.690.941.261.930.750.340.78
Return on Assets-3.590.042.800.681.140.442.151.280.51
Return on Equity-24.850.2718.744.516.862.3310.505.662.14
Return on Invested Capital-8.990.119.392.083.141.227.264.041.73
Quick Ratio0.960.990.740.730.680.780.750.680.75
Current Ratio1.251.261.021.051.001.081.010.950.98

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income--989.181.87910.73232.43148.1748.57133.7761.29
Depreciation-1,117.131,086.371,155.86405.70276.62198.61139.94121.84
Deferred Taxes & Investment Tax Credit--275.49-198.17-119.32-47.62-40.6813.6442.20-16.16
Other Funds (Non Cash)-849.92594.96465.98363.80275.66280.5965.8645.02
Funds from Operations-702.381,485.032,413.25954.31659.77541.41381.78212.00
Extraordinary Item-0.000.000.000.000.000.000.000.00
Changes in Working Capital--550.23873.99-443.82-1,815.76-589.39-453.45-177.63-119.12
Income Taxes Payable--73.16-43.4348.5377.6521.88-6.496.985.50
Cash from Operating Activities-152.142,359.021,969.43-861.4570.3787.95204.1592.87
Capital Expenditures--459.11-1,301.84-2,237.20-1,825.70-1,346.82-600.67-537.91-391.91
Net Assets From Acquisitions--86.53-7.555.14-0.770.00-44.350.000.00
Sale of Fixed Assets and Businesses-58.78498.1468.011,545.933.17594.27433.49115.60
Purchase or Sale of Investments--367.23678.907.85-85.84-413.50-206.8923.75-101.38
Purchase of Investments--1,083.31-1,356.77-2,560.08-1,568.87-2,409.49-321.41-69.01-196.40
Sale Or Maturity of Investments-716.082,035.672,567.931,483.031,996.00114.5192.7595.02
Other Uses--9.950.000.00-3.480.000.000.000.00
Other Sources-27.823.260.000.000.000.000.000.00
Cash from Investing Activities--836.23-129.10-2,156.20-369.87-1,757.14-257.65-80.67-377.69
Cash Dividends Paid--67.72-76.10-78.980.000.000.000.000.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Change in Capital Stock-243.66390.26615.390.74197.2812.3876.30106.92
Repurchase of Common Pref Stock--0.55-121.58-53.550.000.00-4.240.000.00
Sale of Common Pref Stock-244.22511.84668.940.74197.2816.6376.30106.92
Proceedsfrom Stock Options-0.000.00-4.500.0099.400.0070.76100.23
Issuance or Reduction of Debt, Net--1.04-1,677.06656.131,540.671,666.80367.06630.83402.10
Change in Long Term Debt--0.000.000.000.000.00--
Issuance of Long Term Debt--0.000.000.000.000.00--
Reduction of Long Term Debt--0.000.000.000.000.00--
Net Financing Active Other Cash Flow--193.92205.1765.25-21.13-0.660.00-14.49-1.60
Other Financing Activities Uses--398.44-128.05-51.98-21.13-0.660.00-14.49-1.60
Cash from Financing Activities--19.02-1,162.811,218.151,520.281,863.42379.44692.64507.42
Exchange Rate Effect-35.4287.66119.8333.85-18.11-24.523.5810.33
Net Change in Cash--667.681,154.771,151.21322.81158.54185.22819.70232.93
Free Cash Flow--291.031,095.51-239.72-2,680.86-1,271.44-510.61-327.56-277.60
Price to Free Cash Flow--1.28------

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments3,314.463,788.674,605.864,353.914,025.114,182.09
Short Term Receivables2,201.072,135.292,399.763,091.232,563.502,584.85
Inventories2,875.652,622.652,748.412,262.472,298.071,929.45
Other Current Assets868.45845.67768.57139.65940.87846.85
Total Current Assets9,259.639,392.2810,522.609,847.269,827.559,543.24
Net Property, Plant & Equipment5,764.325,803.255,776.475,917.355,619.965,916.22
Total Investments and Advances865.63832.96351.10307.91475.52444.79
Intangible Assets57.3958.5460.1963.8067.9668.26
Deferred Tax Assets658.93651.16662.44654.87387.32391.73
Other Assets678.99728.39794.42418.73597.62608.91
Total Assets17,284.8917,466.5918,167.2317,318.4616,975.9316,973.14
Short Term Debt Incl. Current Port. of LT Debt3,242.793,229.593,133.152,972.222,613.912,427.80
Accounts Payable1,963.541,968.072,046.231,961.541,977.411,828.22
Income Tax Payable39.9638.6642.7525.4194.5986.98
Other Current Liabilities2,993.603,061.513,151.392,917.612,890.153,026.00
Total Current Liabilities8,239.898,297.838,373.537,876.787,576.057,369.00
Long Term Debt3,947.994,095.944,559.914,629.574,321.694,596.92
Provision for Risks Charges231.45229.16227.08236.92237.01258.72
Deferred Tax Liabilities8.5416.814.344.298.097.92
Other Liabilities599.14577.97637.76625.54602.29592.76
Total Liabilities13,027.0113,217.7113,802.6113,373.1012,745.1212,825.32
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity2,145.332,152.322,298.142,250.402,401.602,386.57
Total Shareholders Equity2,145.332,152.322,298.142,250.402,401.602,386.57
Accumulated Minority Interest2,112.552,096.562,066.481,694.961,829.201,761.25
Total Equity4,257.884,248.884,364.613,945.364,230.814,147.82
Total Liabilities & Stockholders Equity17,284.8917,466.5918,167.2317,318.4616,975.9316,973.14
Book Value Per Share42.6942.8245.7342.9847.7847.49
Tangible Book Value Per Share41.5441.6644.5341.7646.4346.13
Full-Time Employees---26,409--
Price to Book Ratio0.240.370.530.540.470.42
Return on Assets-2.37-2.82-2.88-3.59-2.66-2.11
Return on Equity-17.86-21.40-20.86-24.87-17.96-13.98
Return on Invested Capital-0.41-1.64-0.98-3.07-1.56-1.74
Quick Ratio0.770.820.930.960.991.03
Current Ratio1.121.131.261.251.301.30

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2

Revenue breakdown

Sale Of Photovoltaic Products2024: 12.52B 2025: 8.70B
Sales of Other Solar Materials2024: 315.18M 2025: 413.27M
Americas2024: 3.14B 2025: 1.71B
Asia Pacific2024: 246.48M 2025: 1.87B
China2024: 4.34B 2025: 3.14B
Europe2024: 1.90B 2025: 1.20B
Rest of the world2024: 3.22B 2025: 1.19B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.55%2.8M50.3M751.73K
2026-10-156.30%3.2M50.3M731.65K
2026-09-308.04%4.0M50.3M732.50K
2026-09-157.15%3.6M50.3M718.82K
2026-08-317.18%3.6M50.3M731.63K
2026-08-145.20%2.6M50.3M736.51K
2026-07-315.66%2.8M50.3M761.63K
2026-07-156.81%3.4M50.3M828.37K
2026-06-306.90%3.5M50.3M798.23K
2026-06-157.00%3.5M50.3M761.22K
2026-05-295.22%2.6M50.3M698.51K
2026-05-153.37%1.7M50.3M649.20K
2026-04-304.55%2.3M49.9M631.86K
2026-04-153.15%1.6M49.9M592.12K
2026-03-313.49%1.7M49.9M655.24K
2026-03-134.44%2.2M49.9M647.70K
2026-02-274.86%2.4M49.9M646.64K
2026-02-135.35%2.7M49.9M732.81K
2026-01-304.38%2.2M49.6M753.50K
2026-01-154.43%2.2M49.6M718.76K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.507.108.100.008.9300.000.000.965-0.0380.001
call5.004.605.700.005.2430.000.000.933-0.0370.002
call7.502.103.002.642.40865.0020.000.876-0.0310.003
call10.000.450.750.561.11185911.000.558-0.0300.006
call12.500.000.200.061.3681010.000.186-0.0320.004
call15.000.000.100.051.69043.000.000.089-0.0240.003
call17.500.000.400.002.1910.000.000.074-0.0270.002
call20.000.000.400.002.5640.000.000.065-0.0290.002
call22.500.000.850.002.8890.000.000.060-0.0300.002
put2.500.000.400.006.7110.000.00-0.031-0.0420.001
put5.000.000.400.003.6370.000.00-0.063-0.0400.002
put7.500.000.400.011.8742480.00-0.120-0.0340.003
put10.000.300.650.400.72913515.00-0.439-0.0330.006
put12.501.902.851.851.91527.000.00-0.810-0.0350.004
put15.004.305.406.902.7852.000.00-0.908-0.0270.003
put17.506.807.900.003.3720.000.00-0.923-0.0290.002
put20.009.3010.400.003.8460.000.00-0.931-0.0310.002
put22.5011.5014.500.007.1500.000.00-0.937-0.0320.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-093Initial statement of beneficial ownership of securities2026-10-30SEC
2026-11-093Initial statement of beneficial ownership of securities2026-10-30SEC
2026-10-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-30SEC
2026-10-23424B3SEC
2026-10-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-23SEC
2026-10-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-21SEC
2026-10-166-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-16SEC
2026-10-01SCHEDULE 13D/ASEC
2026-09-23144Filing for proposed sale of securities under Rule 144.SEC
2026-09-22144Filing for proposed sale of securities under Rule 144.SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-09SEC
2026-09-023Initial statement of beneficial ownership of securities2026-08-26SEC
2026-08-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-26SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-14SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-06-30SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-06-126-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-12SEC
2026-06-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-01SEC
2026-05-29SDSpecialized Disclosure ReportSEC
2026-05-204/A2026-05-13SEC
2026-05-194Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-19144Filing for proposed sale of securities under Rule 144.SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-13144Filing for proposed sale of securities under Rule 144.SEC
2026-05-13144Filing for proposed sale of securities under Rule 144.SEC
2026-05-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-08SEC
2026-05-05144Filing for proposed sale of securities under Rule 144.SEC
2026-05-044Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-044Statement of changes in beneficial ownership of securities2026-05-01SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-0600263.84K1
2026-050033.10M2
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.4.98%
Invesco Ltd.4.23%
STOREBRAND ASSET MANAGEMENT AS2.53%
VANGUARD CAPITAL MANAGEMENT LLC2.01%
Legal & General Group Plc1.96%
STATE STREET CORP1.92%
TWO SIGMA INVESTMENTS, LP1.64%
UBS Group AG1.61%
DIMENSIONAL FUND ADVISORS LP1.25%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1.15%

Funds

Fund% owned
Invesco Solar ETF1.91%
iShares Global Clean Energy ETF1.32%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND0.88%
Schwab Fundamental Emerging Markets Equity ETF0.88%
Invesco WilderHill Clean Energy ETF0.88%
VANGUARD EMERGING MARKETS STOCK INDEX FUND0.85%
State Street(R) SPDR(R) S&P Kensho Clean Power ETF0.72%
iShares Core MSCI Emerging Markets ETF0.66%
EMERGING MARKETS CORE EQUITY 2 PORTFOLIO0.60%
State Street(R) SPDR(R) S&P Kensho New Economies Composite ETF0.57%

OakChart. JKS. Cached 15 minutes.