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JinkoSolar Holding Co., Ltd. reports developments tied to its photovoltaic manufacturing business and its NYSE-listed American depositary shares. The company operates across the solar product value chain, with silicon wafers, solar cells and solar modules sold under the JinkoSolar brand, including Tiger Neo modules. Its updates also cover energy storage systems and integrated solar-plus-storage solutions for utility, commercial and residential customers across international markets.
Recurring news themes include quarterly and annual financial results, module shipment trends, overseas market demand, photovoltaic product pricing, technology updates involving N-type TOPCon and perovskite tandem solar cells, U.S. manufacturing and supply-chain activity, and disclosures from its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd., also referred to as Jiangxi Jinko.
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Fish & Richardson has secured a significant ruling from the International Trade Commission (ITC) for JinkoSolar Holding Co., Ltd. (NYSE: JKS), confirming that JinkoSolar's products do not infringe a patent owned by competitor Hanwha Q CELLS. The ruling came after Hanwha attempted to block JinkoSolar's U.S. imports. This decision allows JinkoSolar to continue its operations in the U.S. without legal hindrance, promoting growth in the competitive solar market.
JinkoSolar (NYSE: JKS) has announced it will supply 60.9 MW of bifacial solar modules for Chile's first industrial hybrid plant, combining a PV plant and a wind farm. Located near Calama, the plant will utilize approximately 154,710 JinkoSolar bifacial panels, expected to generate about 184 GWh of electricity annually. The project is notable as the first in Latin America to feature bifacial modules with transparent backsheets, promoting renewable energy development in the region. Construction is anticipated to complete by early 2021.
JinkoSolar (NYSE: JKS) addressed a court ruling from Düsseldorf, Germany, which found that certain legacy modules infringed on a patent held by Hanwha Q CELLS. JinkoSolar disagrees with the ruling and plans to appeal, while also disputing the validity of the Hanwha patent through the European Patent Office. The ruling only affects outdated modules, thus not impacting current sales or customers in Germany. JinkoSolar maintains its commitment to providing cutting-edge solar technology and sees this legal contention as an attempt by Hanwha to hinder its business growth.
JinkoSolar (NYSE: JKS) reported Q1 2020 results with total revenues of RMB8.48 billion (US$1.20 billion), a 23.5% decline from Q4 2019 but a 25.1% increase year-over-year. Module shipments reached 3,411 MW, down 24.8% sequentially but up 12.3% from the previous year. Gross margin improved to 19.5%, while net income for shareholders was RMB282.4 million (US$39.9 million). Despite challenges from COVID-19, the company reaffirmed its full-year shipment guidance of 18-20 GW. Strategic efforts included the completion of a high-efficiency product portfolio and the sale of solar plants to improve the balance sheet.