JinkoSolar’s shares dropped 12.8% after earnings as investors reacted negatively to the company’s lowered full-year module shipment guidance and sequential margin compression amid persistent industry pricing and demand pressures.
- Full-year 2026 module shipment guidance cut to 60–70 GW, emphasizing balancing volume, profitability, and cash flow amid demand uncertainties.
- Sequential gross margin decline driven by cost increases from ramping up high-efficiency product lines and low-value order fulfillment.
- Net loss widened in the quarter amid supply-demand imbalances and ongoing price pressures across the photovoltaic supply chain.
- Energy storage system shipments more than doubled year-over-year in the first half of 2026, though revenue recognition remains in early ramp-up stages.
- Continued investment in next-generation TOPCon technology targeting higher efficiency and alignment with upcoming national energy efficiency standards effective January 2027.
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