Jinkosolar Hold Stock Price, News & Analysis

JinkoSolar Holding Co. (NYSE: JKS), a leading solar module manufacturer, announced that its EAGLE Encore Residential Solar + Storage platform has been named the 2023 Sustainable Product of the Year by Green Builder® Media. This recognition, which marks the second consecutive year JinkoSolar has received this award, highlights the EAGLE Encore platform as an innovative integrated solar and storage solution. It includes the high-performance EAGLE Continental solar module coupled with a 7.6kW/26.2kWh EAGLE RS battery storage system. The system utilizes Lithium Iron Phosphate (LFP) technology and features a hybrid inverter that optimizes energy management for homeowners. JinkoSolar aims to enhance sustainability and resiliency, aligning with homeowners' needs for clean energy solutions.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced on April 25, 2023 that its subsidiary, Jinko Solar Co., Ltd., has successfully issued convertible bonds totaling RMB10 billion on the Shanghai Stock Exchange's Sci-Tech Innovation Board. The bonds, with a six-year term, are convertible into ordinary shares of Jiangxi Jinko, in which JinkoSolar holds a 58.62% equity interest, amounting to RMB5.5 billion subscribed by the company. Following a six-month lock-up period, JinkoSolar can either sell or convert the bonds. This financing initiative supports JinkoSolar's strategy to strengthen its operational capacity in the renewable energy sector.

On April 23, 2023, JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for Q1 2023. The estimated net income for Jiangxi Jinko is projected between RMB 1.60 billion and RMB 1.70 billion, marking a significant increase of 298.89% to 323.82% year-over-year. Furthermore, the net income excluding extraordinary items is expected to range from RMB 1.20 billion to RMB 1.30 billion, reflecting a 299.48% to 332.77% increase from the previous year. JinkoSolar retains about 58.62% equity interest in Jiangxi Jinko. However, investors are cautioned that these preliminary results differ from JinkoSolar's consolidated financials due to varying accounting standards and consolidation scopes.