Jinghong solar power generation price

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 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.

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 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.

Are solar module prices falling?

While solar demand has increased, solar module prices have decreased. According to the SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report released on December 7, 2023, the average global price of solar modules has decreased 30-40% from the first quarter to the third quarter of 2023.

How big will JinkoSolar be in 2023?

In terms of guidance, JinkoSolar believes its 2023 module shipments will exceed 70 to 75 GW and that it will have integrated overseas capacity (as in outside of China) of 12 GW or more by the end of 2023.