Jinkosolar Hold Stock Price, News & Analysis

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jinko Solar Co., Ltd., will be listed on the Shanghai Stock Exchange's Sci-Tech innovation board on January 26, 2022. As one of the largest solar module manufacturers globally, JinkoSolar operates with a robust annual capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules as of September 30, 2021. The listing is poised to enhance JinkoSolar's market presence and access to capital.

JinkoSolar is moving forward with the initial public offering (IPO) of its subsidiary, Jiangxi Jinko, on the Shanghai Stock Exchange's Sci-Tech innovation board. The IPO will issue 2 billion shares, amounting to 20% of Jiangxi Jinko's total shares post-IPO, with a pricing of RMB5.00 per share. Anticipated gross proceeds are approximately RMB10 billion. Following the IPO, JinkoSolar will maintain a 58.62% ownership stake in Jiangxi Jinko. The issuance and subscription are set for January 17, 2022, with final allocations confirmed by January 20, 2022.

JinkoSolar (NYSE: JKS) announced that its subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), is applying for an IPO on the Shanghai Stock Exchange's Sci-Tech innovation board. The updated prospectus outlines plans to issue 2 billion shares, constituting 20% of the total shares post-IPO. A roadshow for potential investors will occur from January 7-11, 2022, with pricing expected on January 13, and the IPO launch on January 17. This move is anticipated to bolster JinkoSolar’s growth, according to CEO Xiande Li.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jinko Solar Co., Ltd., has completed the IPO registration process with the China Securities Regulatory Commission. This allows the subsidiary to enter the issuance process for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, pending market conditions. Chairman Xiande Li expressed optimism that this move will strengthen JinkoSolar's leadership in the photovoltaic industry. The company has a robust production capacity, including 31 GW for mono wafers and 36 GW for solar modules as of September 30, 2021.

On December 9, 2021, JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that all resolutions proposed at its 2021 annual general meeting were approved by shareholders. Key approvals include the re-elections of directors Xianhua Li and Steven Markscheid, the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2021, and authorization for directors to determine auditor remuneration. JinkoSolar continues to be a major player in the solar industry with a vertically integrated capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules as of September 30, 2021.

JinkoSolar (NYSE: JKS) has announced a significant partnership with Aldo Solar, Brazil's largest solar distributor, for 2022. This collaboration marks the largest distribution agreement for Distributed Generation (DG) outside China, involving the distribution of approximately 4 million photovoltaic modules, equivalent to 2 GW of installed power. This agreement aims to boost the Brazilian solar market and enhance the availability of JinkoSolar's Tiger Pro panels. Both companies expect to double their business volume in this growing market.

JinkoSolar (NYSE: JKS) reported its Q3 2021 results, achieving revenues of RMB8.57 billion (US$1.33 billion), an 8.1% increase sequentially but a 2.3% decline year-over-year. Gross profit was RMB1.30 billion (US$201.1 million), down 4.6% sequentially and 13.3% year-over-year, with a gross margin of 15.1%. Notably, the company set a world record with a 25.4% efficiency in its N-Type solar cells. Looking ahead, JinkoSolar expects 7.3 to 8.8 GW in total shipments for Q4 2021 and aims for substantial increases in production capacity by year-end.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) will release its unaudited financial results for Q3 2021 on November 30, 2021, before U.S. market opens. A conference call hosted by management will take place on the same day at 7:30 a.m. ET. Participants can dial in using +852 3027 6500 for Hong Kong/International or +1 855-824-5644 for U.S. Toll-Free, using passcode 71417350#. A replay of the call will be accessible from December 7, 2021. For more details, visit JinkoSolar's website.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) will hold its 2021 annual general meeting on December 9, 2021, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Xianhua Li and Steven Markscheid, the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors, and the authorization of directors to determine auditor remuneration. Shareholders of record by November 10, 2021, will be eligible to vote. The full audited financial statements for 2020 are available on JinkoSolar’s website, and hard copies can be requested.