JinkoSolar Holding Co., Ltd. (JKS) Report Analysis
Corporate Events
Jinkosolar Signs Its First European Framework Agreement for Energy Storage Solutions with Memodo GmbH
2022-05-13 05:19:00
JinkoSolar Holding Co., Ltd. announced that it has signed its first European Energy Storage Solution (ESS) agreement with Memodo GmbH. The Memodo exclusivity agreement for JinkoSolar's ESS product portfolio will cover the D-A-CH region (Germany, Austria and Switzerland) for 2022 and 2023, respectively, which includes an all-in-one system, a stackable low-voltage and high-voltage storage system and a single or three-phase hybrid inverter. All power storage devices are installed with lithium iron phosphate batteries and are compatible with well-known inverters.
JinkoSolar Holding Co., Ltd. Announces Impairment Charges for the Quarter Ended March 31, 2022
2022-04-28 17:01:00
JinkoSolar Holding Co., Ltd. announced impairment charges for the quarter ended March 31, 2022. For the quarter, the company reported impairment of long-lived assets of RMB 123,405,000.
JinkoSolar Holding Co., Ltd. Announces Expansion Plans for the Year 2022
2022-04-28 08:46:00
JinkoSolar Holding Co., Ltd. announced annual mono wafer, solar cell and solar module production capacity to reach 55.0 GW, 55.0 GW (including 32.9 GW N-type cells) and 60.0 GW, respectively, by the end of 2022.
Jinkosolar Holding Co., Ltd Achieves Major Technical Breakthrough for Its 182 Mm High-Efficiency N-Type Monocrystalline Silicon Solar Cell
2022-04-27 08:57:00
JinkoSolar Holding Co., Ltd. announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar cell. JinkoSolar has set a new world record again with the maximum solar conversion efficiency of 25.7% for its large-size monocrystalline silicon TOPCon solar cell. This result has been independently confirmed by the National Institute of Metrology, China ("NIM"). The record-breaking monocrystalline silicon solar cell was fabricated on a high quality CZ mono-Si substrate. High temperature gettering, advanced diffusion, semi-transparent metallization, JinkoSolar's self-developed HOT technologies, and a series of material upgrades were integrated into the cell process to set this new world record for maximum conversion efficiency of 25.7%, compared with the record set last October reaching 25.4% .
JinkoSolar Holding Co., Ltd. Provides Operating Guidance for the First Quarter and Full Year of 2022
2022-04-22 15:38:00
JinkoSolar Holding Co., Ltd. provided operating guidance for the first quarter and full year of 2022. For the first quarter, the Company expects its total shipments to be in the range of 7.5 GW to 8.0 GW.For full year, the Company estimates its total shipments (including solar modules, cells and wafers) to be in the range of 35.0 GW to 40.0 GW.
JinkoSolar Holding Co., Ltd., Q1 2022 Earnings Call, Apr 28, 2022
2022-04-21 04:40:00
JinkoSolar Holding Co., Ltd., Q1 2022 Earnings Call, Apr 28, 2022
JinkoSolar Holding Co., Ltd. to Report Q1, 2022 Results on Apr 28, 2022
2022-04-21 04:40:00
JinkoSolar Holding Co., Ltd. announced that they will report Q1, 2022 results Pre-Market on Apr 28, 2022
Jinkosolar Holding Co., Ltd. Delivers over 500,000 Ultra-Efficiency Modules to One of the Biggest Bifacial Projects in Europe
2022-04-07 10:01:00
JinkoSolar Holding Co., Ltd. announced that it has delivered its bifacial modules to a 204MW Solar Power Plant in Kozani, Western Macedonia, Greece. The Kozani project consists of 18 project sites adding up to a total of 204MW capacity. JinkoSolar has delivered more than 500,000 bifacial modules to juwi Hellas Renewable Energy Sources S.A. The Kozani project was inaugurated on April 6, 2022, and will deliver up to 320 million kilowatt-hours per annum when fully ramped up, supplying electricity to more than 75,000 households. The Kozani project is one of the largest bifacial projects ever built in Europe.
JinkoSolar Holding Co., Ltd. Announces Tiger Neo 605W to Be Installed in Hainan
2022-02-14 02:29:00
10MW of the newest, advanced Tiger Neo 605W solar panel from Jinkosolar, featuring the company's innovative N-type cells, will be installed on rooftops of several schools in Dongfang City, Hainan province, China. Tiger Neo is one of the most powerful panels on the market now, providing outstanding output, generating maximum 610W from its 156 cells while imultaneously minimizing power loss. The Tiger Neo 605 W solar panel is versatile and ideal for both utility and commercial applications as it combines high power output and efficiency, and long-lasting reliability backed by a 30-year warranty, delivering enhanced performance compared to other models. This series range will be available in 600W – 615W, offering an efficiency of 21.46% - 22.00%. Beyond efficiency, improved high temperature performance is another key feature of Tiger Neo panel. Since the ambient temperature would affect the annual energy yield of a PV System significantly, and they are of increasing importance for PV projects located in tropical regions particularly since the decrease of energy yield with temperature will be of greater amount. Tiger Neo utilizes N-type cells with a temperature coefficient of -0.30% per degree Celsius, while p-type module's temperature coefficient was found to be -0.35% or more, which means that energy yield for Tiger Neo modules is less affected by temperature than conventional modules. Tiger Neo is also resistant to light-induced degradation (LID) and LeTID, the loss of performance from exposure to sunlight or and combined with heat after installation. Tiger Neo has an improved degradation to other modules with 1% versus 2% of p-type modules for initial year, 0.4% versus 0.55% of p-type for rest of the module life.
JinkoSolar Holding Co., Ltd.'s Tiger Neo Bifacial Modules Reach Competitive Carbon Footprint Value for Tenders in France
2022-02-10 13:44:00
JinkoSolar Holding Co., Ltd. announced that its Tiger Neo Bifacial BDV 570 (144 cells) and Tiger Neo Bifacial BDV 610 (156 cells) modules, have been officially certified by CERTISOLIS for their very competitively low carbon footprint values (CFP values). The CFP value of, respectively, 448 and 450 KG CO2/KW of JinkoSolar's latest generation of high-efficiency N-type mono-crystalline modules, comes in addition to the current CFP certifications for products in the Tiger Pro series, which have already achieved promising CFP values for 108 cells, 120 cells, 144 cells mono and bifacial dual glass series. These competitive CFP values on JinkoSolar's certified products will allow French customers to apply for subsidized electricity tariffs under the CRE tenders for projects using the high-efficiency modules in utility and large C&I rooftop projects. The New Tiger Neo adopts N-type TOPCon technology with further enhancements in performance, power, energy density, and reliability. N-type TOPCon technology provides about 5% to 6% more efficiency than mono PERC and about 3% to 4% more energy generation. Mass produced from 182mm wafers, the new Tiger Neo modules features Multi-Busbar (MBB) and half-cut cell technology to reduce internal resistance loss, and the circular solder strip design increases optical gain so that the module has an ultra-high efficiency of up to 22.30% and can deliver a maximum power output of up to 620W. Due To less LID and LeTID risks, JinkoSolar provides an 30-year linear power output guarantee. The first-year degradation has been claimed to be less than 1%.
Jinko Solar Holding Signs an 50MW Solar Modules Distribution Agreement with Zonergy Solar Development Pakistan for 2021 in Pakistan
2021-12-08 10:11:00
On December 2, 2021, Jinko Solar Holding Co. Ltd., (JinkoSolar) with Zonergy Solar Development Pakistan LTD has signed a strategic cooperation agreement together. The strategic cooperation agreement will allow distributions rights to Zonergy Pakistan in providing its customers with best Solar modules of JinkoSolar in the country. This long-term development partnership between the two global giants will provide the market with finest quality solar power solutions with optimal results. JinkoSolar's latest series Tiger Neo N-type ultra-efficiency module series will be widely marketed and distributed in Pakistan in 2022. With the distribution segment of JinkoSolar Tiger Neo N-type series modules, Zonergy will be leading the way to become world-class integrated smart micro grid solution provider.
Jinkosolar Holding Co., Ltd. Signs A 360Mw Module Supply Agreement Focusing on Tiger Neo with Tadiran Solar in Israel
2021-12-08 10:08:00
JinkoSolar Holding Co., Ltd. announced that it has signed a 360MW solar modules supply agreement with Tadiran Solar Ltd. - one of the major distributors in Israel commercial market, calls for the delivery of latest N-type TOPCon solar panels named Tiger Neo from 2022 through 2023. Jinkosolar's industry-leading N-type products will be incorporated into Tadiran Solar's advanced solar power systems for commercial, government, and new home residential customers in Israel. The contract covers JinkoSolar's latest series Tiger Neo N-type ultra-efficiency module series which will be widely marketed and distributed in Israel in 2022, to meet the needs of all application scenarios for different sectors. The optimized temperature coefficient will perfectly work for the local environment in Israel. With the distribution segment of JinkoSolar panels, Tadiran Solar Ltd. aims to become one of Israel's leading companies in providing a complete and comprehensive solar solution, while also expanding their local market share to push the development of renewable energy in Israel.
JinkoSolar Holding Co., Ltd. Provides Revenue Guidance for the Fourth Quarter of 2021
2021-11-30 10:00:00
JinkoSolar Holding Co., Ltd. provided revenue guidance for the fourth quarter of 2021. Total revenue for the fourth quarter is expected to be in the range of USD 1.8 billion to USD 2.2 billion.
JinkoSolar Holding Co., Ltd. to Report Q3, 2021 Results on Nov 30, 2021
2021-11-15 09:40:00
JinkoSolar Holding Co., Ltd. announced that they will report Q3, 2021 results Pre-Market on Nov 30, 2021
JinkoSolar Holding Co., Ltd., Q3 2021 Earnings Call, Nov 30, 2021
2021-11-15 09:40:00
JinkoSolar Holding Co., Ltd., Q3 2021 Earnings Call, Nov 30, 2021
JinkoSolar Holding Co., Ltd., Annual General Meeting, Dec 09, 2021
2021-11-05 04:00:00
JinkoSolar Holding Co., Ltd., Annual General Meeting, Dec 09, 2021, at 10:00 China Standard Time. Location: at 10F, No.1, Lane 1466, Shenchang Road, Minhang District Shanghai China Agenda: To consider and re-elect Mr. Xianhua Li as a director of the Company and Mr. Steven Markscheid as a director of the Company; to ratify the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2021; to authorize the directors of the Company to determine the remuneration of the auditors; to authorize each of the directors of the Company to take any and all action that might be necessary to effect the foregoing resolutions as such director, in his or her absolute discretion, thinks fit; to consider the audited financial statements and the report of the auditors for the year ended December 31, 2020, and the report of the board of directors; and to consider other matter also.
JinkoSolar Launches Next-generation N-type Ultra-efficiency Tiger Neo Modules
2021-11-02 09:45:00
JinkoSolar Holding Co., Ltd. announced that it has launched a new series of ultra-efficient 2021 Tiger Neo modules. The New Tiger Neo adopts N-type TOPCon technology with further enhancements in performance, power, energy density, and reliability. In mass production, the new module delivers a maximum power output of up to 620W and an ultra-high conversion efficiency of up to 22.30%. Better Power Generation Performance: JinkoSolar's N-type TOPCon technology provides about 5% to 6% more efficiency than mono PERC and about 3% to 4% more energy generation. Mass produced from 182mm wafers, the new Tiger Neo modules features Multi Busbar (MBB) and half-cut cell technology to reduce internal resistance loss, and the circular solder strip design increases optical gain so that the module has an ultra-high efficiency of up to 22.30%. Higher Bifacial Factor: Tiger Neo's bifacial factor of up to 85% is a great advantage because it allows about 5% to 15% higher energy yield compared to conventional P-type bifacial modules in its life-time period. A higher bifacial factor also improves its power generation capacity and power generation efficiency. Lower Degradation and Longer Warranty: Thanks to less LID and LeTID risks, JinkoSolar provides an industry-leading 30-year linear power output guarantee. The degradation in the first year has been claimed to be less than 1% and power output is guaranteed to be no less than 87.40% of the nominal power output after 30 years. Lower Temperature Coefficient: The Tiger Neo module has a lower temperature coefficient of -0.30% /? compared with -0.35% /? for the P-type, which makes it more durable to withstand extreme and high-temperature environments. Its low light performance and small irradiance angle prolongs exposure time of the panel during the day. Combining the advantages of low-temperature coefficient, low degradation, and high bifacial factor, these qualities enable an annual energy yield which is 3% higher than that of mainstream P-type bifacial modules.
JinkoSolar Holding Co., Ltd. Receives Product Carbon Footprint Verification from TÜV Rheinland
2021-10-27 10:41:00
JinkoSolar Holding Co., Ltd. announced that its Tiger (163"cell based) and Tiger Pro (182" cell based) module series have met the carbon footprint verification standards of TÜV Rheinland Group.
JinkoSolar Holding Co., Ltd. Announces Its New 7GW Ingot/Wafer Facility in Vietnam to Strengthen the Sustainability of Its Global Supply Chain by 2022
2021-09-27 10:49:00
JinkoSolar Holding Co., Ltd. announced that the Company is investing $500 million to build a monocrystalline ingot and wafer manufacturing facility in Qu?ng Ninh Province, Vietnam. JinkoSolar has begun to work on the facility, which is expected to have an annual capacity of 7GW to support its existing overseas production facilities. JinkoSolar is committed to ensuring the long term stability of its global supply chain and reliable sales network. As the first PV project launched in the Qu?ng Yên Coastal Economic Zone of Qu?ng Ninh Province, the facility is fully aligned with local development goals for clean and environmentally friendly industries. The project received approval from the local government in early 2021 and is expected to be operational in the first quarter of 2022.
Jinkosolar Holding Co., Ltd. Announces Revenue Guidance for the Third Quarter of 2021
2021-09-15 10:00:00
JinkoSolar Holding Co., Ltd. announced revenue guidance for the third quarter of 2021. For the quarter, the revenue is expected to be in the range of USD 1.24 billion to USD 1.37 billion.
JinkoSolar Holding Co., Ltd., Q2 2021 Earnings Call, Sep 15, 2021
2021-08-23 04:31:00
JinkoSolar Holding Co., Ltd., Q2 2021 Earnings Call, Sep 15, 2021
JinkoSolar Holding Co., Ltd. to Report Q2, 2021 Results on Sep 15, 2021
2021-08-23 04:31:00
JinkoSolar Holding Co., Ltd. announced that they will report Q2, 2021 results Pre-Market on Sep 15, 2021
JinkoSolar Holding Co., Ltd. has filed a Shelf Registration in the amount of $25.22 million.
2021-08-23 00:00:00
JinkoSolar Holding Co., Ltd. has filed a Shelf Registration in the amount of $25.22 million. Security Name: Ordinary Shares Securities Offered: 2,600,000 Transaction Features: ESOP Related Offering
Fundamental Summary
At a high level, the metrics from JinkoSolar's Q1 financial report release provided many positive indicators. Specifically, their income and value factors indicate a well-planned and balanced effort, which is generating exciting income. This relative strength should allow JinkoSolar to continue to perform well even in a tough market. As such, JinkoSolar received an overall score of 81 and a BUY recommendation.
JinkoSolar reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 14,764.78 million compared to CNY 7,940.59 million a year ago. Revenue was CNY 14,764.78 million compared to CNY 7,940.59 million a year ago. Net income was CNY 28.94 million compared to CNY 221.09 million a year ago. Basic earnings per share from continuing operations was CNY 0.6 compared to CNY 4.64 a year ago. Diluted earnings per share from continuing operations was CNY 0.6 compared to diluted loss per share from continuing operations of CNY 3.6 a year ago.
Business Description
JinkoSolar, together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of March 31, 2022, it had an integrated annual capacity of 40 gigawatts (GW) for mono wafers; 40.0 GW for solar cells; and 50.0 GW for solar modules. The company has operations in the People’s Republic of China, the United States, Mexico, Australia, Japan, United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, and Germany. JinkoSolar was founded in 2006 and is based in Shangrao, the People’s Republic of China.
Sector Overview
JinkoSolar is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. JinkoSolar's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 4.1 | 103.0% | 81 | |
| Net Cashflow | 1,800.8 | 0.0% | 67 | |
| Capital Expenditure | -4,042.7 | 0.0% | 73 | |
| Asset Turnover | 0.6 | 9.0% | 78 | |
| Free Cashflow | -79.5 | 0.0% | 69 |
* All values are TTM
The below chart reflects JinkoSolar's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While JinkoSolar's peer average final assessment score stands on 68.0, JinkoSolar's score is 81.
- JKS
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. JinkoSolar's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. The company is trading near it's 12-month high, which signals an attack on the resistance price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), JinkoSolar's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 83.
5D MA
62.83
50D MA
56.47
200D MA
50.6
MACD
1.68
RSI
18.57
STOCH
100.0
Balance Sheet Analysis
Two metrics jump up as the most significant positive drivers of the balance sheet strength in JinkoSolar's recent report: Book Value Factors and Cash & Equivalents. JinkoSolar publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 1.4 and represents a 5.8% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 94. Also, JinkoSolar's management was effective in improving its cash and cash equivalents metrics, which now sit at 15398.0. This represents 132.5% change from the last reporting period. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. Therefore, its cash and cash equivalents movement earned a score of 94. On the other hand, Assets, jumped out as looking rather underwhelming. JinkoSolar assets metrics were reported as 92426.8, representing a 44.4% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Consequently, their asset movement received a grade of 62. Therefore, its balance sheet earned a grade of 89.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 92,426.8 | 44.4% | 62 |
| Liabilities | 67,983.6 | 36.2% | 87 |
| Price to Book | 1.4 | 5.8% | 94 |
| Cash & Equivalents | 15,398.0 | 132.5% | 94 |
| Equity | 14,750.3 | 35.0% | 77 |
The below chart describes JinkoSolar's performance as reflected on its balance sheet with respect to its peers. While JinkoSolar received a balance sheet score of 89, the average of its peers stands on 70.0.
- JKS
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 1 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 8 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 12 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 16 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 17 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 28 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 30 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 33 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 42 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 43 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 45 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 47 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 49 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 53 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 58 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 60 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 61 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 62 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 69 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
Overall, JinkoSolar's critical income statement metrics appear to strongly support positive growth going forward. JinkoSolar's management was effective in improving its EBIDTA, which now sits at 2939.9 and represents a 31.3% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 89. Also, Return factors metrics and ratios were exceptional in this report. JinkoSolar reported a return on equity (ROE) ratio of 4.1, representing a change of 103.0% from the last report. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 81. That said, one metric, Revenue Efficiency, stood out as particularly concerning. JinkoSolar management did an underwhelming job managing revenue efficiency this past period. JinkoSolar's revenue efficiency is 47650.7 according to the metrics in the current filing, which represents a 40.7% change from the previous report. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Consequently, their revenue efficiency received a grade of 38. Therefore, it received a score of 62.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 2,939.9 | 31.3% | 89 |
| Total Revenues | 47,650.7 | 40.7% | 38 |
| Return on Equity | 4.1 | 103.0% | 81 |
The below chart describes JinkoSolar's performance as reflected on its income statement with respect to its peers. While JinkoSolar received a income statement score of 62 , the average of its peers stands on 65.0.
- JKS
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 1 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 8 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 12 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 16 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 17 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 28 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 30 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 33 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 42 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 43 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 45 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 47 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 49 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 53 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 58 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 60 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 61 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 62 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 69 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Two main cash flow metrics, Asset Turnover and Capex, are driving the positive outlook for JinkoSolar's financial strength. JinkoSolar is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.6, representing a 9.0% change from the previous period. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's asset turnover movement, therefore, received a grade of 78. Also, JinkoSolar's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -4042.7, which represents a 0.0% change from the last period. This performance is all the more impressive relative to their peers and competitors. Therefore, its CapEx movement component earned a score of 73. On the other hand, Net Cash Flow, jumped out as looking problematic. JinkoSolar's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as 1800.8, which is a 0.0% change from the last report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Consequently, their net cash flow movement received a grade of 67. Their cash flow, therefore, earned a score of 74.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 1,800.8 | 0.0% | 67 |
| Capital Expenditure | -4,042.7 | 0.0% | 73 |
| Asset Turnover | 0.6 | 9.0% | 78 |
| Free Cashflow | -79.5 | 0.0% | 69 |
The below chart describes JinkoSolar's performance as reflected on its cash flow with respect to its peers. While JinkoSolar received a cash flow score of 74, the average of its peers stands on 68.0.
- JKS
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 1 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 8 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 12 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 16 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 17 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 28 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 30 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 33 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 42 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 43 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 45 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 47 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 49 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 53 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 58 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 60 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 61 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 62 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 69 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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