$JKS Looks Set To Keep Climbing$JKS looks set to keep climbing after a strong Q3 report. Here are the highlights:
JinkoSolar (NYSE:JKS) reported better-than-expected Q3 earnings and guiding Q4 total solar module shipments of 4.2K-4.4K MW, which would easily set a new quarterly shipment record.
Q3 solar module shipments totaled 3,326 MW, down 1.8% Q/Q but up 12.6% Y/Y from 2,953 MW in the year-ago quarter.
Q3 total revenues rose 8.2% Q/Q and 11.8% Y/Y to RMB7.48B ($1.05B), mostly due to an increase in the average selling price of solar modules and in multi-crystalline silicon wafer sales, and gross margin was 21.3% vs. 16.5% in Q2 and 14.9% in the year-ago quarter.
For Q4, JKS forecasts revenues of $1.17B-$1.23B, below analyst consensus estimate of $1.32B; the company does not expect the benefit of anti-dumping and countervailing duty, and sees total solar module shipments of 4.2-4.4 GW with gross margin of 18.5%-20.5%.
For FY 2019, JKS expects total solar module shipments of 14K-14.2K MW.
For FY 2020, JKS anticipates total solar module shipments of 18-20 GW, with annual silicon wafer, solar cell and solar module production capacity reaching 20 GW, 10.6 GW and 22.0 GW, respectively, by year-end.
As always, use protective stops and trade with caution.
Good luck to all!
JKS
JKS - bright future for solar ahead?With ongoing worldwide trends towards clean energy, there is good potential for solar sector to shine in the years ahead.
After rather significant selloff recently some ideas are trying to put a bottom finally, and NYSE:JKS is one of them.
Good earnings released today and breakout through neckline of inverse H&S provide initial signs of reversal.
I entered position on breakout today, and plan to hold as one of core holdings for next year, with some short-term trading in and out.
TRADE IDEA OF THE WEEK IN CSIQWe like how the Solar Sector is trading separate compared to the rest of the market right now so we entered this trade today. We are hoping for this to be a longer term swing trade for us but it depends on the price action. The momentum looks nice to the upside and I decided to post the weekly chart on this to show the strength in this current move.
Good luck to all!
UI | Cashflow: 8.5% on SOLAREDGERETIREMENT ACCOUNT HOLDERS
If you have this stock $SEDG NASDAQ:SEDG
Stock screener protocol is good except the earnings date falls on 2nd August. Take care of it...
Chart is looking good. Buying low as it bounce on TREND LINE. And in next few days, possible cross over of green on red and white MAs. See the chart NASDAQ:SEDG
Aug 16 18.00 call is 1.60 which is 8.5% (unassigned return) and 4.4% (assigned return)
Be Awesome
Raj
CIO
Unconventional Intelligence
Risk: Enter at your own Risk. Investment mindset differs from person to person. Method may not be suitable for your investment objectives.
Disclaimer: I don't provide investment advice, I'm entering the market with my own account.I don't try to accurate in entry, because most of the time I or my client own this stock, so we only look approximate change in trend. It is not necessary you have to do the same.