Jinkosolar Hold Stock Price, News & Analysis

JinkoSolar (NYSE: JKS) announced its participation in the United Nations Global Compact, a leading corporate sustainability initiative. The company aims to align its operations with ten principles related to human rights, labor, environment, and anti-corruption. Chairman Xiande Li emphasized their commitment to equality and transparency, ensuring a respectful workplace and employee rights across their global operations. Additionally, JinkoSolar is the first solar company to join RE 100, committing to operate on 100% renewable energy. The firm will disclose its progress on these principles, reinforcing its accountability.

JinkoSolar reported its Q4 and full-year results for 2020, showcasing substantial growth in shipments and revenues despite facing challenges. The company became the world's largest PV manufacturer with 70 GW of modules. Q4 shipments reached 5,774 MW, with revenues at $1.44 billion, a slight decline of 1.1% year-over-year, while gross profit fell by 12.9% to $230.9 million. For 2021, JinkoSolar anticipates shipments to grow over 30%, projecting total shipments between 25 GW and 30 GW, and revenue between $1.18 billion to $1.30 billion for Q1.

JinkoSolar (NYSE: JKS) announced the launch of its new Tiger Pro modules, designed for distributed generation. These ultra-efficient modules feature a maximum power output of 415W and an efficiency rate of 21.3%. The modules are re-designed for improved installation ease, measuring 1.7m x 1.1m. JinkoSolar offers a 15-year product warranty and 25-year linear warranty, with degradation rates of 2% in the first year and 0.55% annually thereafter. This product aims to reduce LCOE and ensure reliable power generation across various applications.

JinkoSolar plans to release its financial results for Q4 and full year 2020 on April 9, 2021, before U.S. market open. Management will hold an earnings conference call that same day at 8:00 a.m. Eastern Time. Participants can join via dial-in numbers provided for international and U.S. callers, with a passcode required. A replay will be available two hours post-call through April 16, 2021. JinkoSolar, a leading solar module manufacturer, has a substantial global presence and a vertically integrated production capacity.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been recognized as an "Overall High Achiever" in the 2020 PV Module Index Report by the Renewable Energy Testing Center (RETC). This accolade highlights JinkoSolar's superior performance in reliability, performance, and quality, following rigorous testing procedures. Out of 17 evaluated manufacturers, JinkoSolar's modules excelled in LID, DH2000, PID, Pan File, and Thresher tests, reinforcing its commitment to high-quality solar solutions. This acknowledgment enhances JinkoSolar's reputation in the global solar market, reassuring customers of its product excellence.

On March 8, 2021, JinkoSolar (NYSE: JKS) announced that its R&D Center module laboratory achieved satisfactory results in the national assessment of PV Modules Testing Accuracy. Conducted by the National Institute of Metrology, China, the laboratory excelled in all test categories, earning the 'Qualified Laboratory Certificate.' The company aims to enhance collaboration with authoritative institutions to foster the PV industry's high-quality development. JinkoSolar continues to lead in technological innovation, reflecting its commitment to delivering high-quality products.

JinkoSolar (NYSE: JKS) has become the first international solar company to sign the Global Framework Principles for Decarbonizing Heavy Industry, aimed at promoting clean energy in the heavy industry sector, a significant contributor to global emissions. Vice President Dany Qian emphasized the importance of renewable energy in this transition. The press release also highlights the role of governments in sustainable recovery programs and calls for collaborative actions to accelerate decarbonization. JinkoSolar aims to provide innovative clean energy solutions to facilitate this shift.

JinkoSolar (NYSE: JKS) plans to sign a strategic cooperation agreement with Tongwei Co., Ltd. to invest in a high-purity crystalline silicon project with an annual capacity of 45,000 metric tons and a silicon wafer project with a 15GW annual capacity. JinkoSolar will hold a 35% stake in the silicon project, while Tongwei will have a 30% stake in the wafer project. This partnership aims to enhance resource integration in the solar industry and ensure competitive pricing in production. JinkoSolar will also supply Tongwei with approximately 6.5GW of wafer products over three years.