Jinkosolar Hold Stock Price, News & Analysis

The solar photovoltaic services (PV) market is expected to grow at a remarkable 14.6% YOY from 2022 to 2023, driven primarily by increasing installations and government support, as per Technavio. The market is projected to expand by USD 16,359.62 million at a CAGR of 15.38% from 2022 to 2027, with APAC accounting for 74% of this growth. This surge is propelled by rising environmental concerns and the adoption of renewable energy sources. However, challenges like recycling scrap from solar PV systems pose significant hurdles for growth in this sector.

JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year ended December 31, 2022. The estimated net income attributable to shareholders of Jiangxi Jinko is projected to range from RMB2.66 billion to RMB2.96 billion, a year-over-year increase of approximately 133.05% to 159.33%. Excluding extraordinary items, net income is expected between RMB2.50 billion and RMB2.80 billion, reflecting a significant increase of 371.17% to 427.71% year-over-year. Investors are cautioned that these results differ from JinkoSolar’s consolidated financials due to varying consolidation scopes and accounting standards.

JinkoSolar has launched its Second Generation Tiger Neo panel family, showcasing cutting-edge solar technology. The new panels deliver power outputs of up to 635Wp and efficiencies of 22.27% to 23.23%. Enhanced features include a bifacial factor of up to 85%, optimized temperature coefficient, and improved low-light performance. With a projected lifespan of 15 years and a warranty of 30 years, these panels offer robust reliability. JinkoSolar aims to enhance solar efficiency and system performance through its innovative N-type technology.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the results of its 2022 annual general meeting (AGM) held on December 27, 2022. Shareholders approved several resolutions, including the re-election of Mr. Haiyun Cao as a director and the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2022. However, the proposed re-election of Mr. Kangping Chen was rejected by shareholders. Following the AGM, the board now comprises six directors, including three independent directors.

JinkoSolar has achieved a significant milestone by setting a new record for solar conversion efficiency at 26.4% with its 182 mm N-type monocrystalline silicon solar cell. This breakthrough, verified by the National Institute of Metrology in China, surpasses their previous record of 26.1%. The Company attributes this success to its dedicated R&D team and innovative technologies. Dr. Jin Hao, CTO, expressed confidence in continued advancements in efficiency and cost-effectiveness, contributing to the clean energy transition.

JinkoSolar (NYSE: JKS) announced it will supply approximately 522 MW of Tiger Neo 78 Cell modules for Phase 1 of the Santa Luzia Complex Project in Paraíba, Brazil. This project, which will eventually generate 1.2 GW of power, has an estimated investment of BRL 4.1 billion and will create 750 direct jobs. The shipment of modules for Phase 1 began in November 2022 and is expected to complete by May 2023, with commercial operations starting in January 2024. The partnership with Rio Alto Energies Renováveis enhances project reliability and reflects Brazil's commitment to renewable energy.

JinkoSolar Holding Co. (NYSE: JKS) will hold its 2022 annual general meeting on December 28, 2022, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Kangping Chen and Haiyun Cao, and ratification of PricewaterhouseCoopers as auditors for fiscal year 2022. Only shareholders of record as of November 28, 2022, are eligible to vote. The notice and the 2021 Annual Report are available on the company’s website. JinkoSolar is a leading global solar module manufacturer with extensive international operations.

JinkoSolar (NYSE: JKS) announced a significant achievement with its 182 mm N-type module reaching a maximum solar conversion efficiency of 23.86%, surpassing its previous record of 23.53% set in July 2021. This breakthrough was validated by TÜV Rheinland, showcasing the effectiveness of JinkoSolar's TOPCon cell technology and advanced manufacturing techniques. The innovative design reduces internal resistance loss, paving the way for mass production of high-efficiency solar products. JinkoSolar aims to lead the solar industry with its N-type technology, enhancing product reliability and efficiency to meet market demands.