JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares plunged Friday after the company unveiled weak preliminary 2025 results for its majority-owned subsidiary, Jiangxi Jinko, flagging a sharp drop in revenue and a substantial net loss for the full year.
2025 Preliminary Results Impact JKS Stock
JinkoSolar has released preliminary unaudited financial results for its majority-owned subsidiary, Jiangxi Jinko, revealing a steep deterioration in performance for the full year ended December 31, 2025.
Jiangxi Jinko recorded total revenues of 65.49 billion yuan (~$9.57 billion), marking a sharp 29.18% year-on-year decline from 92.47 billion yuan in 2024. The subsidiary swung to a net loss of 6.79 billion yuan, compared to a net profit of 98.9 million yuan in the prior year — a staggering 6,959.50% reversal. Excluding non-recurring gains and losses, the net loss widened further to 7.64 billion yuan.
Falling prices for photovoltaic products drove the deterioration, pushing operating losses to 9.11 billion yuan, compared with an operating profit of 792.96 million yuan in 2024.
Total equity attributable to the parent company also contracted by 21.19%, dropping from 32.31 billion yuan to 25.46 billion yuan.
JinkoSolar, which holds approximately 55.59% equity interest in Jiangxi Jinko, cautioned investors that these results remain unaudited, are subject to change, and differ from its consolidated financials prepared under U.S. GAAP.
JKS Faces Bearish Sentiment
JinkoSolar’s stock is currently trading below several key moving averages, which typically signals bearish sentiment among investors. The shares are 6.4% below the 20-day SMA, 7.7% below the 50-day SMA, and 3.9% below the 100-day SMA, yet they remain 4.2% above the 200-day SMA. This mixed positioning suggests a lack of clear directional momentum in the near term.
Upcoming Earnings
JinkoSolar Holding Co. will release its next financial update on March 25, 2026.
- EPS Estimate: Loss of 62 cents (Up from a loss of $1.02 YoY)
- Revenue Estimate: $2.79 billion (Down from $2.83 billion YoY)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $28.62. Recent analyst moves include:
- Roth Capital: Neutral (Raises Target to $25.00) (Nov. 21, 2025)
- Goldman Sachs: Sell (Raises Target to $20.00) (Nov. 19, 2025)
- Goldman Sachs: Sell (Raises Target to $18.00) (Oct. 8, 2025)
Benzinga Edge Scorecard
Below is the Benzinga Edge scorecard for the company, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Neutral (Score: 64.67) — The stock shows moderate momentum in the market.
The Verdict: JinkoSolar’s Benzinga Edge signals neutral market performance, with a moderate Momentum score of 64.67 — neither significantly outperforming nor lagging its peers.
JKS Price Action: JinkoSolar Holding Co shares were down 4.38% at $25.30 at the time of publication on Friday, according to Benzinga Pro data.
Photo by Robert Way via Shutterstock
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