Solar Stocks Continue to Rise with JinkoSolar and Yingli Green

Brian Hicks

Written By Brian Hicks

Posted November 3, 2010

Solar investing has been a huge part of our recent posts, in fact just last week we spoke about some big solar project approvals. Earnings seem to be increasing left and right, but it’s time to get a little more specific about the bullish solar market.

I’ll just put it bluntly…JinkoSolar Holding (NYSE: JKS) has nearly tripled in value since the company went public earlier this year.

The company’s $655 million worth of shares climbed to an all time high of $37.24 last Monday morning.

Even more impressive, the Chinese solar company had to adjust its sales forecast for the current quarter and full year due to an increase of estimated shipments.

Let me just put the icing on the cake- JinkoSolar’s fourth quarter solar product shipment expectations of 130-140 megawatts point to a $210-$220 million dollar quarter.

Just a little more…—(chart)

JinkoSolar (NYSE: JKS)

And it shouldn’t surprise you that their Q3 results handily topped Wall Street estimates.

Speaking of 3rd quarters…

Let’s take a look at Yingli Green Holding Co…

The company recently changed Q3 margin expectations from 28%-30% to 31%-32%. Yingli Green can thank better-than-expected prices and an improvement in operating efficiency for enhanced Q3 projections.

Similar to JinkoSolar, Yingli Green is expecting a mid 20% increase in shipments for the quarter as well.

An increase in shipments naturally hints to an increase in demand…something that we’ve been seeing a lot of. As an investor in a bullish market such a solar energy, one should really take a careful look as stocks such as these.

-Michael Boytano 

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