Tag Archives: $jks
JinkoSolar Scores $1B Infusion
JinkoSolar (NYSE:JKS) is the latest company to benefit from the Chinese government’s efforts to prop up its domestic solar industry. The company has entered into a strategic agreement for $1 billion in financing over the next five years from the Guangdong Branch of China Development Bank (CDB). The financing is a boon to the company, [...]
Solar Stocks to Watch this Week
In the watchlist posted on Thursday, I had posted the chart of JinkoSolar Holding Co., Ltd. (NYSE:JKS) and commented “The volume picked up today and it may be starting a rally. The daily chart shows a doji candle after a few down days, which is sometimes a reversal signal.” Well, the following technical chart above [...]
More Problems for JinkoSolar $JKS
It had to be within days of announcing it’s sponsorship of the San Francisco 49ers in September that JinkoSolar was feeling some environmental heat. The Huffington Post reported in mid September,“Police detained at least 20 people after hundreds of villagers protested last week, some storming the factory compound and overturning vehicles. Authorities said the factory [...]
Chinese Solar PV Firms Respond to Trade Claims $STP $TSL $JKS $YGE
On October 19, 2011, a trade action was filed in Washington, D.C. alleging the unfair importation of crystalline silicon photovoltaic cells and modules from China. Trina Solar Response to the Trade Action Filed in the United States Trina Solar believes the allegations made by the U.S. petitioners will eventually prove to be unfounded and that [...]
JinkoSolar Cleans and Greens China Facility $JKS
JinkoSolar a San Francisco 49ers sponsor today announced the completion of its phase I environment safety upgrade at its facility in Haining City west of Shanghai in the Zhejiang Province of China. Zhejiang Jinko Co., Ltd. a wholly owned subsidiary of JinkoSolar, conducted a thorough investigation of its temporary waste storage unit adjacent to the [...]
Solar Stocks at Historic Lows: Time to Buy? $STP $JKS $LDK
Why does a firm like Suntech with annual revenue of $3.2 billion have a market cap of $306.25 million? Why has First Solar’s market cap dropped to $5 billion from more than $10 billion just months ago? First Solar’s stock, trading at $57.90 and down 8.4 percent has not seen its stock price that low [...]
Jinko Solar Promises to Clean Up Toxic Mess $JKS
Chinese solar maker Jinko Solar (NYSE:JKS) promised to clean up its toxic waste only after protestors stormed its factory. 500 Chinese protestors broke into Jinko’s factory, ransacking offices and overturning vehicles, after toxic waste released into a river killed large numbers of fish. According to China’s state media agency, the factory’s waste disposal facilities have failed pollution tests [...]
JinkoSolar Cleans Up Solar Factory Toxic Spill $JKS
A Chinese solar panel company has apologized for a devastating toxic spill at one of its manufacturing plants in August and vowed to clean up the pollution after four days of protests outside its headquarters. According to reports, solid waste contaminated with high levels of fluoride leaked from a plant owned by JinkoSolar Holding Company [...]
Is There Anything Worse Than Being A Solar Investor Right Now? $LDK $JKS
I clearly picked the wrong 6months to be invested in solar. The news has been nonstop terrible since March. LDk now sells for $5/sh and JKS is just above $10/sh. Pricing for solar panels fell from $1.85/W in Q4 2010 to $1.65/W in Q1 to $1.35/W in Q2 and is now around $1.20/W & hopefully [...]
Wall Street Continues to Punish Solar Stocks $LDK $CSIQ $JKS $FSLR
Much has been made this week about the nearly contemporaneous bankruptcy filings of two American solar companies, Silicon Valley’s Solyndra and Evergreen Solar out of Massachusetts. These two had something in common: Both made different types of photovoltaic (PV) panels and both were more expensive than average PV. These two firms did not fail because [...]
Shorts Continue to Attack Jinko Solar $JKS
Shortinterest in Jinko Solar (JKS) increased at its fastest pace ever, almost doubling in the two weeks from October 29 to November 15, 2010 from1.1M to 1.9M shares. When I last pointed out the soaring short interest in JKS, I was hoping this increase was a contrary indicator based on what I thought was a [...]
Fresh Opportunities in Solar Stocks After Recent Selloff $FSLR $JKS $SOL
Rallies in solar stocks would be more exciting if they were not so fleeting. In early September, I noted a “stealth rally” was underway in solar stocks. In early October, I wrote breathlessly about a “soaring September” for solar stocks. Just three weeks later I had to warn that selling volume was picking up in [...]