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JKS vs CSIQ vs DQ vs MAXN vs ARRY
Revenue, margins, valuation, and 5-year total return — side by side.
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Semiconductors
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JKS vs CSIQ vs DQ vs MAXN vs ARRY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Solar | Solar | Semiconductors | Solar | Solar |
| Market Cap | $306M | $1.18B | $1.24B | $8M | $1.25B |
| Revenue (TTM) | $75.16B | $5.60B | $569M | $176M | $1.21B |
| Net Income (TTM) | $-2.52B | $-104M | $-187M | $-565M | $-67M |
| Gross Margin | 7.3% | 18.3% | -34.4% | -137.2% | 22.4% |
| Operating Margin | -8.2% | 0.1% | -54.4% | -290.5% | 4.5% |
| Forward P/E | — | — | — | — | 11.7x |
| Total Debt | $53.16B | $7.68B | $0.00 | $311M | $766M |
| Cash & Equiv. | $22.95B | $1.91B | $980M | $29M | $244M |
JKS vs CSIQ vs DQ vs MAXN vs ARRY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 20 | May 26 | Return |
|---|---|---|---|
| JinkoSolar Holding … (JKS) | 100 | 40.0 | -60.0% |
| Canadian Solar Inc. (CSIQ) | 100 | 48.6 | -51.4% |
| Daqo New Energy Cor… (DQ) | 100 | 50.3 | -49.7% |
| Maxeon Solar Techno… (MAXN) | 100 | 0.0 | -100.0% |
| Array Technologies,… (ARRY) | 100 | 22.3 | -77.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: JKS vs CSIQ vs DQ vs MAXN vs ARRY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
JKS is the #2 pick in this set and the best alternative if long-term compounding and sleep-well-at-night is your priority.
- 40.8% 10Y total return vs DQ's 271.0%
- Lower volatility, beta 1.39, current ratio 1.25x
- Beta 1.39 vs ARRY's 2.32, lower leverage
- 23.5% yield; the other 4 pay no meaningful dividend
CSIQ carries the broadest edge in this set and is the clearest fit for quality and momentum.
- -1.9% margin vs MAXN's -320.5%
- +97.1% vs MAXN's -83.1%
- -0.7% ROA vs MAXN's -190.0%, ROIC -0.2% vs -351.1%
DQ is the clearest fit if your priority is defensive.
- Beta 1.80, current ratio 5.41x
MAXN is the clearest fit if your priority is income & stability.
- Dividend streak 1 yrs, beta 2.08
ARRY ranks third and is worth considering specifically for growth exposure.
- Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
- 40.2% revenue growth vs MAXN's -54.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.2% revenue growth vs MAXN's -54.7% | |
| Quality / Margins | -1.9% margin vs MAXN's -320.5% | |
| Stability / Safety | Beta 1.39 vs ARRY's 2.32, lower leverage | |
| Dividends | 23.5% yield; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +97.1% vs MAXN's -83.1% | |
| Efficiency (ROA) | -0.7% ROA vs MAXN's -190.0%, ROIC -0.2% vs -351.1% |
JKS vs CSIQ vs DQ vs MAXN vs ARRY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
JKS vs CSIQ vs DQ vs MAXN vs ARRY — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
JKS leads in 2 of 6 categories
ARRY leads 1 • CSIQ leads 1 • DQ leads 0 • MAXN leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ARRY leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JKS is the larger business by revenue, generating $75.2B annually — 426.0x MAXN's $176M. Profitability is closely matched — net margins range from -1.9% (CSIQ) to -3.2% (MAXN). On growth, CSIQ holds the edge at -20.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $75.2B | $5.6B | $569M | $176M | $1.2B |
| EBITDAEarnings before interest/tax | -$3.8B | $284M | -$128M | -$488M | $95M |
| Net IncomeAfter-tax profit | -$2.5B | -$104M | -$187M | -$565M | -$67M |
| Free Cash FlowCash after capex | $0 | -$1.7B | -$203M | -$186M | $58M |
| Gross MarginGross profit ÷ Revenue | +7.3% | +18.3% | -34.4% | -137.2% | +22.4% |
| Operating MarginEBIT ÷ Revenue | -8.2% | +0.1% | -54.4% | -2.9% | +4.5% |
| Net MarginNet income ÷ Revenue | -3.4% | -1.9% | -32.9% | -3.2% | -5.6% |
| FCF MarginFCF ÷ Revenue | -3.5% | -29.6% | -35.8% | -105.7% | +4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -34.1% | -20.0% | -78.4% | -89.4% | -26.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -33.5% | -3.7% | -19.3% | -2.1% | -7.0% |
Valuation Metrics
Evenly matched — JKS and CSIQ and MAXN each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $306M | $1.2B | $1.2B | $8M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $7.0B | $262M | $291M | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | -0.48x | -11.41x | -7.20x | -0.01x | -11.23x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — | 11.75x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | — | 13.50x |
| Price / SalesMarket cap ÷ Revenue | 0.03x | 0.21x | 1.87x | 0.02x | 0.98x |
| Price / BookPrice ÷ Book value/share | 0.07x | 0.28x | 0.21x | — | 4.80x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — | 15.72x |
Profitability & Efficiency
CSIQ leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
CSIQ delivers a -2.5% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-21 for ARRY. CSIQ carries lower financial leverage with a 1.80x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARRY's 2.94x. On the Piotroski fundamental quality scale (0–9), ARRY scores 5/9 vs CSIQ's 1/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -7.7% | -2.5% | -3.2% | — | -20.6% |
| ROA (TTM)Return on assets | -2.0% | -0.7% | -2.9% | -190.0% | -4.4% |
| ROICReturn on invested capital | -9.2% | -0.2% | -4.1% | -3.5% | +9.0% |
| ROCEReturn on capital employed | -10.3% | -0.3% | -4.6% | -189.7% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 1 | 4 | 3 | 5 |
| Debt / EquityFinancial leverage | 1.93x | 1.80x | — | — | 2.94x |
| Net DebtTotal debt minus cash | $30.2B | $5.8B | -$980M | $283M | $522M |
| Cash & Equiv.Liquid assets | $23.0B | $1.9B | $980M | $29M | $244M |
| Total DebtShort + long-term debt | $53.2B | $7.7B | $0 | $311M | $766M |
| Interest CoverageEBIT ÷ Interest expense | -2.92x | 0.02x | — | -13.64x | -2.42x |
Total Returns (Dividends Reinvested)
JKS leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JKS five years ago would be worth $8,516 today (with dividends reinvested), compared to $3 for MAXN. Over the past 12 months, CSIQ leads with a +97.1% total return vs MAXN's -83.1%. The 3-year compound annual growth rate (CAGR) favors JKS at -16.5% vs MAXN's -94.4% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -16.5% | -30.4% | -38.1% | -84.0% | -15.3% |
| 1-Year ReturnPast 12 months | +37.1% | +97.1% | +41.3% | -83.1% | +62.7% |
| 3-Year ReturnCumulative with dividends | -41.7% | -52.3% | -58.1% | -100.0% | -56.1% |
| 5-Year ReturnCumulative with dividends | -14.8% | -55.4% | -75.4% | -100.0% | -67.7% |
| 10-Year ReturnCumulative with dividends | +40.8% | +14.4% | +271.0% | -100.0% | -77.5% |
| CAGR (3Y)Annualised 3-year return | -16.5% | -21.9% | -25.2% | -94.4% | -24.0% |
Risk & Volatility
JKS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
JKS is the less volatile stock with a 1.39 beta — it tends to amplify market swings less than ARRY's 2.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JKS currently trades 73.2% from its 52-week high vs MAXN's 9.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.39x | 2.23x | 1.80x | 2.08x | 2.32x |
| 52-Week HighHighest price in past year | $31.88 | $34.59 | $36.59 | $4.97 | $12.23 |
| 52-Week LowLowest price in past year | $17.41 | $8.84 | $12.72 | $0.40 | $4.92 |
| % of 52W HighCurrent price vs 52-week peak | +73.2% | +51.1% | +50.2% | +9.6% | +67.0% |
| RSI (14)Momentum oscillator 0–100 | 51.4 | 62.4 | 39.1 | 25.4 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 597K | 2.5M | 719K | 2.4M | 6.0M |
Analyst Outlook
Evenly matched — MAXN and ARRY each lead in 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: JKS as "Buy", CSIQ as "Buy", DQ as "Hold", ARRY as "Buy". Consensus price targets imply 63.3% upside for CSIQ (target: $29) vs 1.1% for DQ (target: $19). JKS is the only dividend payer here at 23.53% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | — | Buy |
| Price TargetConsensus 12-month target | $24.00 | $28.88 | $18.56 | — | $9.17 |
| # AnalystsCovering analysts | 22 | 33 | 13 | — | 28 |
| Dividend YieldAnnual dividend ÷ price | +23.5% | — | — | — | — |
| Dividend StreakConsecutive years of raises | 0 | 0 | — | 1 | 1 |
| Dividend / ShareAnnual DPS | $37.37 | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +5.9% | 0.0% | 0.0% | 0.0% |
JKS leads in 2 of 6 categories (Total Returns, Risk & Volatility). ARRY leads in 1 (Income & Cash Flow). 2 tied.
JKS vs CSIQ vs DQ vs MAXN vs ARRY: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is JKS or CSIQ or DQ or MAXN or ARRY a better buy right now?
For growth investors, Array Technologies, Inc.
(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus -54. 7% for Maxeon Solar Technologies, Ltd. (MAXN). Analysts rate JinkoSolar Holding Co. , Ltd. (JKS) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — JKS or CSIQ or DQ or MAXN or ARRY?
Over the past 5 years, JinkoSolar Holding Co.
, Ltd. (JKS) delivered a total return of -14. 8%, compared to -100. 0% for Maxeon Solar Technologies, Ltd. (MAXN). Over 10 years, the gap is even starker: DQ returned +271. 0% versus MAXN's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — JKS or CSIQ or DQ or MAXN or ARRY?
By beta (market sensitivity over 5 years), JinkoSolar Holding Co.
, Ltd. (JKS) is the lower-risk stock at 1. 39β versus Array Technologies, Inc. 's 2. 32β — meaning ARRY is approximately 67% more volatile than JKS relative to the S&P 500. On balance sheet safety, Canadian Solar Inc. (CSIQ) carries a lower debt/equity ratio of 180% versus 3% for Array Technologies, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — JKS or CSIQ or DQ or MAXN or ARRY?
By revenue growth (latest reported year), Array Technologies, Inc.
(ARRY) is pulling ahead at 40. 2% versus -54. 7% for Maxeon Solar Technologies, Ltd. (MAXN). On earnings-per-share growth, the picture is similar: Array Technologies, Inc. grew EPS 62. 6% year-over-year, compared to -1540. 3% for JinkoSolar Holding Co. , Ltd.. Over a 3-year CAGR, ARRY leads at -7. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — JKS or CSIQ or DQ or MAXN or ARRY?
Canadian Solar Inc.
(CSIQ) is the more profitable company, earning -1. 9% net margin versus -120. 7% for Maxeon Solar Technologies, Ltd. — meaning it keeps -1. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARRY leads at 6. 6% versus -113. 3% for MAXN. At the gross margin level — before operating expenses — ARRY leads at 21. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is JKS or CSIQ or DQ or MAXN or ARRY more undervalued right now?
Analyst consensus price targets imply the most upside for CSIQ: 63.
3% to $28. 88.
07Which pays a better dividend — JKS or CSIQ or DQ or MAXN or ARRY?
In this comparison, JKS (23.
5% yield) pays a dividend. CSIQ, DQ, MAXN, ARRY do not pay a meaningful dividend and should not be held primarily for income.
08Is JKS or CSIQ or DQ or MAXN or ARRY better for a retirement portfolio?
For long-horizon retirement investors, JinkoSolar Holding Co.
, Ltd. (JKS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (23. 5% yield). Maxeon Solar Technologies, Ltd. (MAXN) carries a higher beta of 2. 08 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (JKS: +40. 8%, MAXN: -100. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between JKS and CSIQ and DQ and MAXN and ARRY?
These companies operate in different sectors (JKS (Energy) and CSIQ (Energy) and DQ (Technology) and MAXN (Energy) and ARRY (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: JKS is a small-cap income-oriented stock; CSIQ is a small-cap quality compounder stock; DQ is a small-cap quality compounder stock; MAXN is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock. JKS pays a dividend while CSIQ, DQ, MAXN, ARRY do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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