JinkoSolar Holding Co., Ltd. JKS reported second-quarter 2018 earnings per American Depositary Share (ADS) of 38 cents, missing the Zacks Consensus Estimate of 50 cents by 24.0%. However, the reported figure improved 90% from 20 cents in the year-ago quarter.Total RevenuesIn the quarter under review, JinkoSolar’s total revenues of $915.9 million missed the Zacks Consensus Estimate of $932 million by 1.7%. The top line also decreased 23.5% on a year-over-year basis. The downturn can be attributed to a decrease in solar module shipments and the average selling price of solar modules in second-quarter 2018.Quarterly HighlightsIn second-quarter 2018, total solar product shipment was 2,794 megawatts, down 3.1% year over year. Nonetheless, the figure exceeded the company guided range of 2.4-2.5 gigawatts (GW) in the reported quarter.JinkoSolar’s total operating expenses accounted for 10.4% of the total revenues in the second quarter compared with 9.5% in the year-ago quarter.The company incurred $12.2 million as interest expenses, up 0.1% from the second quarter of 2017.During the second quarter, JinkoSolar’s wholly-owned subsidiary, JinkoSolar (U.S.) Inc. entered into a three-year agreement to supply 1.43GW of high efficiency modules to sPower, a leading renewable energy independent power producer. JinkoSolar Holding Company Limited Price, Consensus and EPS Surprise JinkoSolar Holding Company Limited Price, Consensus and EPS Surprise | JinkoSolar Holding Company Limited QuoteFinancial ConditionAs of Jun 30, 2018, JinkoSolar had cash and cash equivalents of $386.5 million, up from $296.4 million on Dec 31, 2017.Total interest-bearing debt as of Jun 30, 2018 was $1.40 billion compared with $1.14 billion on Dec 31, 2017.GuidanceFor third-quarter 2018, JinkoSolar expects total solar module shipments in the range of 2.8-3.0 GW.For 2018, the company continues to project total solar module shipments in the 11.5-12.0 GW band.Other Energy ReleasesEnphase Energy, Inc. ENPH reported second-quarter earnings of 2 cents, beating the Zacks Consensus Estimate by 100%.Sunrun Inc.’s SPWR second-quarter earnings of 6 cents lagged the Zacks Consensus Estimate by 82.86%.First Solar Inc. FSLR reported second-quarter loss of 46 cents, missing the Zacks Consensus Estimate by 2,200%.Zacks RankJinkoSolar currently carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.See Them Free>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR): Free Stock Analysis Report JinkoSolar Holding Company Limited (JKS): Free Stock Analysis Report SunPower Corporation (SPWR): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research