Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    87,250.91
    -1,154.02 (-1.31%)
     

  • CMC Crypto 200

    1,328.35
    -68.18 (-4.88%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

JinkoSolar (JKS) Unit Inks Module Supply Contract with CED

Zacks Equity Research
Updated

JinkoSolar Holding Co., Ltd. JKS, a global leader in the solar photovoltaic (PV) industry, announced that its subsidiary, JinkoSolar (U.S.) Inc. has inked a Master Module Supply Agreement with Consolidated Edison Development, Inc. (CED), an owner and operator of large-scale renewable energy projects.

Details of the Deal

As per the agreement, JinkoSolar will provide high-efficiency polycrystalline 72-cell modules, totaling nearly 560 MW in capacity, to CED through Aug 2017.

The modules will be used to supply power to various CED projects across the U.S. and JinkoSolar has already started delivering the same to these locations.

JINKOSOLAR HLDG Price

 

JINKOSOLAR HLDG Price | JINKOSOLAR HLDG Quote

ADVERTISEMENT

Recent International Contracts

Thanks to the high quality of its modules, JinkoSolar enjoys a steady stream of contacts from international customers. This month, the company provided modules to several mosques in Jordan as part of a PV project handled by JinkoSolar’s local partner, The Contractor for Renewable Energy LLC.

Also, last month, the company has supplied 5 MW of solar modules to TSK Electrónica y Electricidad, S.A.  (TSK), the first renewable project in Kuwait, for use in the Shagaya Renewables Park PV power plant. The project will generate over 9,624 MWh of clean energy annually. Going forward, JinkoSolar hopes to nab similar contracts in other emerging markets.

Clean Sources of Energy – Solar

Solar energy has been gaining popularity because of its environment-friendly nature. Recent report from Solar Energy Industries Association (SEIA) showed that during the second quarter of 2016, the U.S. added 2,051 megawatts (MW) of solar PV capacity to attain 31.6 gigawatts (GW) of total installed capacity. With more than 1.1 million residential solar installations nationwide, the industry is expected to nearly double in 2016 from 2015.

Zacks Rank & Key Picks

JinkoSolar carries currently a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the solar industry include Sunrun Inc. RUN, Sunworks, Inc. SUNW and Vivint Solar, Inc. VSLR. While Sunrun sports a Zacks Rank #1(Strong Buy), both Sunworks and Vivint Solar carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
JINKOSOLAR HLDG (JKS): Free Stock Analysis Report
 
VIVINT SOLAR (VSLR): Free Stock Analysis Report
 
SUNRUN INC (RUN): Free Stock Analysis Report
 
SUNWORKS INC (SUNW): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research