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Goldman Sachs Reiterates Sell on JinkoSolar (JKS) Following 4Q

March 23, 2018 7:05 AM

Goldman Sachs reiterated a Sell rating and $15.00 price target on JinkoSolar Holding Co., Ltd. (NYSE: JKS) following the company's 4Q earnings report. Results were largely overshadowed by a weaker near-term volume outlook into 1Q18 that calls into question the production ramp and level of margin-dilutive OEM outsourcing required to hit seemingly aggressive company volume targets for the full-year.

JKS has decided to finalize plans to construct a module manufacturing facility in the US in order to address local demand and mitigate Section 201 tariff impacts. While management believes it can be free cash flow breakeven in 2018, Goldman Sachs remains skeptical given limited visibility into margin expansion.

For an analyst ratings summary and ratings history on JinkoSolar Holding Co., Ltd. click here. For more ratings news on JinkoSolar Holding Co., Ltd. click here.

Shares of JinkoSolar Holding Co., Ltd. closed at $18.60 yesterday.

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