NEW YORK (TheStreet) -- Shares of JinkoSolar Holding Co. (JKS) are higher by 4.61% to $28.62 after the Chinese solar power product manufacturer announced that it reaffirms its guidance for the first quarter of 2014 and full year 2014.
The company said total solar module shipments are expected to be in the range of 440 MW and 470 MW for the first quarter of 2014 and total solar module shipments are expected to be in the range of 2.3 GW to 2.5 GW, with total project development scale expected to be above 400 MW for the full year 2014.
The company plans to release its unaudited financial results for the first quarter ended March 31, 2014 before the open of U.S. markets on Tuesday, May 27, 2014.
TheStreet Ratings team rates JINKOSOLAR HOLDING CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate JINKOSOLAR HOLDING CO (JKS) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."