Chinese solar photovoltaic (PV) power product manufacturer
JinkoSolar Holding Co., Ltd.
) has announced to deliver 23 megawatts (MW) solar PV modules to
two U.S. companies. The deliveries are expected to be completed
during the fourth quarter of 2013.
JinkoSolar will provide 72 cells of PV modules, each having a
capacity of 300 watts, to a U.S. engineering and construction
company, Swinerton Builders. Swinerton will utilize these modules
for a ground-mounted solar plant of Westland Solar Farms, LLC,
which is an electric utility provider. Subsequently, Westland
Solar Farms will supply the output to
JinkoSolar will offer remaining PV modules to a clean energy
finance and management company, Clenera.
JinkoSolar has a strong presence in the U.S. market. The company
has developed good rapport with the U.S. firms due to the high
standard of its product and service. In Jul 2013, the company
received an order to supply 39 MW high-efficiency PV modules to
an engineering and project management company, AMEC, for three
projects in the U.S.
Currently, most of the Chinese solar module manufacturers are
curtailing down their business with the U.S. firms due to the
implementation of countervailing duties and anti-dumping duties
on the Chinese solar products by the U.S. government. However,
this factor does not impact JinkoSolar's business and the company
continues to get orders from several U.S. companies at regular
JinkoSolar is also expanding its footprint in the Asian, African
and European markets to offset the overall slowdown in the U.S.
solar products orders. The company has successfully bagged
numerous orders from those regions. In Jul 2013, JinkoSolar
delivered 304 kilowatts of high-efficient solar PV modules for a
project in South Africa.
We appreciate JinkoSolar's continuous effort towards maintaining
its existing position in the U.S., while searching for new
markets. These initiatives will subsequently enable the company
to get more orders and improve its future revenues.
Shangrao, China-based JinkoSolar engages in designing, producing
and marketing PV products in the Chinese and overseas markets.
JinkoSolar currently has a Zacks Rank #2 (Buy). Other solar
module manufacturers which are worth considering are
) with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 (Buy).
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