Jinkosolar Hold Stock Price, News & Analysis

JinkoSolar (NYSE: JKS) announced that its modules are generating nearly 550 MW AC in Australian utility-scale solar farms, representing over one third of the sector's total capacity, which is approximately 1.5 GW. The capacity will increase to 1 GW AC once additional power plants, including Sunraysia and Glenrowan, are connected to the grid. This achievement underscores JinkoSolar's leadership in the Australian market and reflects its commitment to advancing renewable energy solutions.

JinkoSolar (NYSE: JKS) announced a prospectus supplement for an at-the-market equity offering program to sell up to US$100,000,000 of American depositary shares (ADSs). The sales will be conducted through Credit Suisse and Barclays as agents, with proceeds aimed at expanding production capacity at its Jiangxi Jinko subsidiary and other general corporate purposes. The shares will be offered under a shelf registration effective since December 16, 2020, and details can be found in the filed prospectus supplement with the SEC.

JinkoSolar (NYSE: JKS) announced significant changes to its senior management team to comply with the Shanghai Stock Exchange's requirements for its subsidiary's proposed listing. Key executives, including the CEO and COO, have resigned to assume roles at Jiangxi Jinko. Xiande Li has been appointed as the new CEO of JinkoSolar. The company believes these management changes will not materially impact its operations. JinkoSolar remains a leading solar module manufacturer with a robust global presence and substantial production capacity.

On December 10, 2020, JinkoSolar (NYSE: JKS) announced an update to its 2020 annual general meeting agenda, adding a resolution to ratify Mr. Haiyun (Charlie) Cao's appointment as a director. The updated notice is available on the company's Investor Relations website. JinkoSolar is a leading solar module manufacturer with a capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules as of September 30, 2020. The company has a global presence with production facilities and subsidiaries across multiple countries.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced a proposed at-the-market equity offering program that allows the sale of up to US$100,000,000 of its American depositary shares. The program will be initiated once the company files a registration statement with the SEC. The shares may be sold at prevailing market prices or negotiated prices. This offering is part of JinkoSolar's strategy to strengthen its financial position in the competitive solar market. Investors are advised to read the prospectus for comprehensive details before investing.

JinkoSolar (NYSE: JKS) announced a change in its board of directors on Dec. 8, 2020. Longgen Zhang has resigned while Haiyun (Charlie) Cao has been appointed as a new director. The company believes these changes will not materially impact its operations. CEO Kangping Chen expressed gratitude towards Zhang and noted Cao's extensive industry experience as a positive addition to the board, aimed at enhancing shareholder value. JinkoSolar remains one of the largest solar module manufacturers globally, with significant production capabilities.

JinkoSolar (NYSE: JKS) reported strong unaudited financial results for Q3 2020, with total revenues of US$1.29 billion, up 17.2% YoY, and solar module shipments of 5,117 MW, a 53.8% YoY increase. Gross profit grew 8.2% YoY to US$220.2 million, although gross margin decreased to 17.0%. Despite raw material supply challenges and a net income of only US$1 million, the company anticipates 18.5-19 GW in total shipments for 2020 and an optimistic outlook for Q4 with expected revenues between US$1.31 billion and US$1.43 billion.

JinkoSolar (NYSE: JKS) has been awarded the highest AAA credit rating in the Chinese market by the China Association for Quality, marking a significant milestone in its quality management performance. This recognition highlights JinkoSolar's robust credit management and operational capabilities. With leading technologies and a commitment to research and development, the company has achieved global prominence, ranking first in PV module shipments for four consecutive years. JinkoSolar aims to continue enhancing product quality and supporting the global transition to renewable energy through innovation.