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JinkoSolar to Supply 49MW of Modules for 3 Chinese Plants

A leading operator in solar photovoltaics (‘PV’), JinkoSolar Holding Co., Ltd. JKS announced that it has received a contract to supply 49 megawatts (‘MW’) of solar modules to China Resources Power Investment Company Limited ("China Resources Power"). The modules will be utilized to set up three solar PV plants in China.

The Chinese government is taking proactive steps to use more green energy and lower emission levels. China has a long-term plan to curb coal usage by 60% by 2020. In addition, it aims to add nearly 100 gigawatts of solar power to the generation stream by 2020.

Apart from being a booming solar market, China also houses many of the big solar product manufacturers. The ambitious green energy target of the Chinese government to add 20GW of solar per year for the next five years will give a boost to these players. Some of the big names include JinkoSolar, JA Solar Holdings Co., Ltd. JASO, Yingli Green Energy Holding Co. Ltd. YGE and Trina Solar Limited TSL among many others.

Apart from catering to domestic demand, JinkoSolar is active across the globe and has a long list of satisfied customers. JinkoSolar has won orders totaling 324.6 MW in this month alone, with a large188 MW contract coming from Mexico.

We believe the quality of the company’s modules backed by superior technology ensures a steady stream of contract wins. This Zacks Rank #1(Strong Buy) stock is a consistent performer, having surpassed the Zacks Consensus Estimate in the last four quarters with an average beat of 58.59%.

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JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
 
TRINA SOLAR LTD (TSL): Free Stock Analysis Report
 
JINKOSOLAR HLDG (JKS): Free Stock Analysis Report
 
YINGLI GREEN EN (YGE): Free Stock Analysis Report
 
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