JinkoSolar supplies 21.6 MWh energy storage systems in Massachusetts

CAMPBELL, Calif. - JinkoSolar Holding Co., Ltd. (NYSE:JKS), a prominent player in the semiconductor industry with a market capitalization of $1.24 billion, has completed the commissioning of 21.6 MWh of energy storage systems for Distributed Energy Infrastructure (DEI) in Massachusetts, according to a press release statement issued Tuesday. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with a strong financial health score of 2.53.

The three newly commissioned systems operate under Massachusetts’ Solar Massachusetts Renewable Target (SMART) program, utilizing both DC and AC coupled configurations to enhance operational flexibility. The projects aim to provide grid services while improving the performance and resilience of solar energy assets in the state.

JinkoSolar’s U.S.-based energy storage engineering team contributed to the project by providing system design expertise and integration support with various Power Conditioning System and Energy Management System platforms.

"Collaborating with DEI on these projects has been a great opportunity to showcase the value of JinkoSolar’s U.S. energy storage solutions and our local engineering expertise," said Jeff Juger, Deputy General Manager and Head of ESS at JinkoSolar (U.S.) Inc.

Sean Harrington, CEO and Founder of Distributed Energy Infrastructure, cited JinkoSolar’s U.S.-based service team and technology experience as key factors in selecting the company as the battery supplier for this portfolio.

DEI managed the project execution, including development support, system design, procurement, construction, and commissioning. The company has previously executed over 1.2 GW of Solar PV and 400 MWh of battery energy storage projects across the United States.

JinkoSolar describes itself as one of the largest solar module manufacturers globally, with production facilities and subsidiaries across multiple countries. With annual revenue of $11.44 billion, the company maintains a significant market presence. For deeper insights into JinkoSolar’s financial health and growth prospects, including 12 additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, JinkoSolar Holding Co., Ltd. announced a cash dividend of $0.325 per ordinary share, translating to $1.30 per American Depositary Share (ADS). The total distribution is expected to reach approximately $68.1 million, with payments scheduled around mid-July 2025. This decision reflects the company’s commitment to returning capital to shareholders. Meanwhile, Citi analysts downgraded JinkoSolar from Buy to Sell, reducing the price target from RMB10.60 to RMB5.00. The downgrade stems from concerns over profitability due to increased tariffs in the U.S. and reduced module prices in China. Citi’s revised earnings forecast projects net losses of RMB4,749 million for 2025 and RMB2,059 million for 2026. Additionally, the U.S. has finalized tariffs on solar cells and panels imported from Southeast Asia, which could impact JinkoSolar’s market performance. The tariffs range significantly, with dumping duties between 6.1% and 271.28% and anti-subsidy countervailing duties from 14.64% to 3,403.96%.

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