Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 

Investorideas podcasts on iTunes, Google Play Music and potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts crypto corner    Play by Play – the latest sports headlines and sports stock news


Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

JinkoSolar overtook Trina Solar as top solar PV module shipment provider in 2016, says GlobalData


February 14, 2017 ( Newswire) JinkoSolar Holding overtook Trina Solar in terms of solar photovoltaic (PV) module shipments in 2016, as the company had shipments of 6.6-6.7 Gigawatts (GW) of PV modules compared to Trina's 6.3-6.55 GW, relegating it to second place, according to research and consulting firm GlobalData.

The company, which estimates that the global solar PV market was valued at $39.7 billion in 2016, states that JinkoSolar's efforts to expand across a large and geographically diverse customer base have allowed it to leverage its innovative, high-quality solar products, brand recognition and robust sales network to win several opportunities.

Ankit Mathur, GlobalData's Practice Head covering Power, explains: "JinkoSolar has witnessed impressive results over 2016, with the company's PV modules securing China Quality Certification Center's Top Runner Program level-one energy efficiency certification that showcases its technological strength."

In terms of other companies which made the top rankings, Canadian Solar Inc. occupied third place, with shipments of 5.073-5.173 GW. The company witnessed low end results in its module shipments and revenues in Q3 2016 when compared with Q2 2016, primarily because of the global solar power market dislocation during the quarter, along with logistic disruption that occurred due to Hanjin Shipping's bankruptcy in the month of August 2016.

Despite this, the company showcased positive results with its substantial global project pipeline, strong downstream project development business and inventory management, and expansion of its module manufacturing capabilities, with the most recent facility situated in Brazil.

JA Solar Holdings Co., Ltd. came in fourth place with 4.9-5 GW, Hanwha Q CELLS Co., Ltd. was fifth with 4.8-5 GW, GCL System Integration Technology Co., Ltd. was sixth, with 4.6-5 GW, and First Solar stood in seventh place with 2.8-2.9 GW. However, 2016 was a disappointing year for Yingli, which slipped further down the rankings.

Mathur continues: "Yingli, which was responsible for a shipment of around 2.1-2.2 GW in 2016, has not benefited from solar power's growing popularity in the same way as its counterparts. The company's liquidity issues and debt repayments caused it to fall from seventh to eighth position in the global rankings.

"The company witnessed a drop in net revenues from Q2 2016 to Q3 2016 primarily because its external PV module shipments fell along with the average selling price of its PV modules as a consequence of reduced demand in China in Q3 2016."

Editor's notes

About GlobalData

GlobalData is a leading global research and consulting firm offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

For more information

Please get in contact if you have any questions about this or other GlobalData products. Analysts are available to comment. Contact the GlobalData press office +44 (0)161 359 5822 or email

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy: