• Grid parity, internationional diversification and a recovery in the Chinese market is going to propel JinkoSolar forward.
• Large capacity additions should help expand margins and shift output further towards premium products (bifacial and mono-christalline).
• However, given the history of negative cash flow, this remains a worry for us as it doesn’t look like much improvement is on the way.

Source: JinkoSolar Is Well Positioned, But We Worry About Cash Flow – JinkoSolar Holding Co., Ltd. (NYSE:JKS) | Seeking Alpha