Update shared on 28 Nov 2025
Fair value Decreased 5.86%JinkoSolar Holding's analyst price target has increased, rising by $8 to a range of $20 to $25 per share. Analysts cite improved gross margins, strong energy storage shipments, and raised revenue growth expectations, despite ongoing profitability risks.
Analyst Commentary
Recent updates from street research have provided a more nuanced outlook for JinkoSolar. While several price targets were raised, analyst perspectives remain divided regarding the company's execution and future profitability.
Bullish Takeaways
- Improved gross margins, rising from negative to over 7 percent. This signals operational efficiency gains and effective cost management.
- Energy storage systems are highlighted as a growth driver. Full-year shipments are reiterated at 6 GWh and management projects shipments to at least double by 2026.
- Revenue mix is expected to increasingly benefit from energy storage, with contributions forecasted to surpass prior expectations and support upward valuation adjustments.
- Module shipment guidance has been reaffirmed for 2025, which underscores management’s confidence in execution and market demand.
Bearish Takeaways
- Mixed quarterly results raise ongoing questions about consistency in performance and execution across business segments.
- Gross margin improvements, though notable, are projected to plateau in the near term. This could limit immediate profitability upside.
- External policy risks such as FEOC, Solar 4, and Section 232 introduce uncertainty and may weigh on margins and the overall outlook.
- Despite upward price revisions, some analysts remain on the sidelines or cautious due to these unresolved headwinds and the potential for volatile revenue streams.
What's in the News
- The White House is considering canceling an additional $12 billion in clean energy project funding, a move that could increase policy uncertainty for clean energy companies including JinkoSolar (Semafor).
- JinkoSolar plans to sell a portion of its shares in subsidiary Jiangxi Jinko to institutional investors. The company aims to strengthen cash flows and support ongoing operations.
- The company provided new operating guidance, with expected total shipments ranging from 18.0 GW to 33.0 GW for the fourth quarter of 2025 and 85.0 GW to 100.0 GW for the full year 2025.
- JinkoSolar reported impairment charges for long-lived assets totaling RMB 555 million in the third quarter of 2025, which is up significantly from the previous year.
- A project with Trinity Energy saw approximately 1,000 EAGLE G6 modules installed at a Costco location in Washington. There is a commitment to sustainable end-of-life recycling through the EAGLE Preserve program.
Valuation Changes
- Fair Value Estimate has decreased slightly, moving from $37.42 to $35.23 per share.
- Discount Rate remains unchanged at 13.76 percent.
- Revenue Growth Projection has increased notably. It has risen from 14.2 percent to 20.2 percent.
- Net Profit Margin Estimate has improved. It is up from 1.9 percent to 5.0 percent.
- Future Price-to-Earnings (P/E) Ratio is projected to decline significantly. It is expected to move from 8.7x to 3.3x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.