Please ensure Javascript is enabled for purposes of website accessibility

JinkoSolar Q4 Loss Widens

By Eric Volkman - Apr 10, 2013 at 8:00PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The China-based sun energy specialist posts a loss of $112 million for the quarter.

JinkoSolar (JKS -2.09%) suffered a widened quarterly loss, as revealed in the release of its fiscal Q4 and 2012 results. For the quarter, revenue for the China-based solar specialist was the equivalent of $187 million, down from $192 million in the same period the previous year. Net loss widened over that time span, to $122 million, or $1.38 per share, from Q4 2011's red figure of $59 million, $0.65.

The most recent quarter's numbers fell well short of analyst expectations, which were for $245 million in revenue and a per-share loss of $0.80.

For the full year, the top line was $770 million, a steep fall from the 2011 figure of $1.18 billion. The company swung into the red in 2012, posting a net loss of $248 million, or $2.79 per diluted share, against the previous year's profit of $44 million, $0.46.

JinkoSolar also provided forward guidance for its delivery figures. For its current Q1 2013, total module shipments are anticipated to be 270 to 300 megawatts. The company also believes it will "maintain in-house annual silicon wafer, solar cell, and solar module production capacity at approximately 1,200 MW each by the end of 2013."

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

JinkoSolar Holding Co., Ltd. Stock Quote
JinkoSolar Holding Co., Ltd.
$58.94 (-2.09%) $-1.26

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.