Well, we might have to reconsider that, as we just got hand on a Credit Suisse report (see attachment to this post) that signals growing oversupply in the solar market. The report does see JKS as one of the better ones due to its low cost and integrated nature:
Stock calls – JASO & TSL most at risk, no one immune… but we still prefer JKS on a relative basis: We see JASO, TSL as most at risk in this environment. We prefer low cost manufacturers, like JKS, with a higher degree of vertical integration which helps keep internal production & external sourcing costs low, and established capacity outside China resulting in higher margin on shipments to the US, but recognize an increased risk of oversupply pressuring margins beyond consensus estimates (See Figures 3, and 4 inside). We lower 2016/17/18 earnings estimates for JKS/TSL/JASO as we model slightly lower than expected margins and lower JKS target price to $40 (from $42), and TSL’s target price to $14 (from $15).