Is Jinko Solar a Chinese company?

JinkoSolar Holding Co., Ltd. ( NYSE: JKS ), also known as JinkoSolar, is one of the leading Chinese solar module makers in the world. In the nine months of 2023, the company shipped over 52 GW of solar modules, ranking #1 in the industry with much of the company's solar modules made in China.

Is JinkoSolar a competitive company?

With its economies of scale compared to many competitors, JinkoSolar is pretty competitive, although tariffs make the company's products more expensive in certain markets such as the United States. While demand has risen due to the increasing competitiveness of solar, JinkoSolar has faced headwinds given the decrease in the prices of solar modules.

Why is JinkoSolar stock not performing well?

While demand has risen due to the increasing competitiveness of solar, JinkoSolar has faced headwinds given the decrease in the prices of solar modules. As a result, JinkoSolar stock has not performed that well in the last few years.

Is JinkoSolar a good energy storage company?

JinkoSolar is already a well-known brand in the solar industry and many utilities that buy solar also need energy storage as well. Nevertheless, the energy storage business is a relatively new one, and it remains to be seen how well JinkoSolar can do.

How did JinkoSolar perform in the third quarter?

For the third quarter, JinkoSolar benefited from the strong demand for solar this year as quarterly shipments were 22,597 MW, with 21,384 MW for solar modules and 1,213 MW for cells and wafers. Shipments were up 108.2% year over year. Revenue was $4.36 billion, up 63.1% year over year.

Will JinkoSolar pay a dividend?

JinkoSolar is already returning capital through a dividend where it announced for the first time in the company's history a dividend of $1.5 per American Depositary Share in September. It remains to be seen if management will maintain the dividend, increase or reduce it.