JinkoSolar Reports Strong Q3 and Higher Full-Year Guidance

JinkoSolar enjoys strong gains after reporting better than expected Q3 earnings and revenues.

JKS says the Y/Y revenue increase was due mainly to the increase in revenues from electricity generation and solar module shipments growing at a faster pace than the decline in average selling prices.

Total Q3 solar module shipments were 1,606 MW, down 6.4% Q/Q and up 41.6% Y/Y; JKS solar power projects generated 395 GWh of electricity, up 20.8% Q/Q and 69% Y/Y.

JKS estimates Q4 total solar module shipments of 1.7-1.8 GW, and raises its FY 2016 shipment guidance to 6.6-6.7 GW from an earlier outlook of 6.0-6.5 GW.