Welcome to our dedicated page for Jinkosolar Hold news (Ticker: JKS), a resource for investors and traders seeking the latest updates and insights on Jinkosolar Hold stock.
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.
JinkoSolar (NYSE: JKS) has secured the top position in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025, based on data from H1 2024. The ranking evaluated 40 manufacturers across nine criteria, including manufacturing experience, vertical integration, capacity utilization, and technological maturity.
The company's cumulative module shipments exceeded 300 GW by end-2024, maintaining its global leadership in shipments for five years. Their Tiger Neo N-type TOPCon modules achieved 140 GW in shipments since launch, with quarterly sales exceeding 20 GW in 2024, leading sales for six consecutive quarters.
JinkoSolar has launched its third-generation N-type TOPCon Tiger Neo 3.0 solar modules, featuring power outputs up to 670W and introducing the industry's first 495W residential module with 24.8% conversion efficiency.
JinkoSolar's subsidiary Jiangxi Jinko has released preliminary unaudited financial estimates for full year 2024. The company projects a significant decline in performance, with preliminary unaudited net income attributable to shareholders estimated between RMB80 million to RMB120 million, representing a decrease of 98.39% to 98.92% year-over-year.
Additionally, preliminary unaudited net loss attributable to shareholders, excluding extraordinary gains and losses, is estimated between RMB750 million to RMB1,050 million, marking a decrease of 110.86% to 115.21% year-over-year.
JinkoSolar currently maintains a 58.59% equity interest in Jiangxi Jinko. The company notes that these preliminary results differ from JinkoSolar's consolidated financial results due to different consolidation scopes and accounting standards (PRC GAAP vs US GAAP).
JinkoSolar (NYSE: JKS) has achieved a new breakthrough in solar cell technology, setting a world record with a 33.84% conversion efficiency for its N-type TOPCon-based perovskite tandem solar cell. This surpasses their previous record of 33.24% and marks their 27th world record for efficiency and power output in PV products.
The achievement was independently verified by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences. The record-breaking cell combines JinkoSolar's N-type monocrystalline TOPCon solar cell as the bottom cell with advanced technologies including full-area passivated contact technology, perovskite interfacial defect passivation technology, and bulk defect passivation technology.
This breakthrough demonstrates TOPCon's compatibility with next-generation perovskite/silicon tandem cell technology, potentially opening new avenues for photovoltaic industry development.
JinkoSolar (NYSE: JKS) held its 2024 Annual General Meeting where shareholders approved all proposed resolutions. Key approvals include: the re-election of Mr. Xianhua Li and Mr. Steven Markscheid as directors, the ratification of Mr. Gang Chu's appointment as an independent director, and the appointment of PricewaterhouseCoopers Zhong Tian LLP as the company's auditors for fiscal year 2024. Shareholders also authorized directors to determine auditor remuneration and take necessary actions to implement these resolutions.
JinkoSolar (NYSE: JKS) has received two prestigious awards from EUPD Research: the Solar Prosumer Award and the DACH Energy Transition Award. The Energy Transition Award recognizes pioneers in the energy transition across Germany, Austria, and Switzerland (DACH region) who effectively integrate new energy solutions into their portfolio. The Solar Prosumer Award acknowledges companies that excel in innovative business models and solutions in solar energy, particularly supporting consumers who become energy producers through solar system installations. Frank Niendorf, JinkoSolar's EU Vice-President, highlighted that these awards reflect both their commitment to delivering comprehensive energy solutions and the direct trust of German PV system owners in the JinkoSolar brand.
JinkoSolar (NYSE: JKS) has announced significant changes to its share repurchase program. The Board has approved increasing the program's value from US$200 million to US$350 million and extending its duration through June 30, 2026. As of the announcement, the company had already repurchased approximately US$134.5 million of ADSs under the existing program, leaving about US$215.5 million available for future repurchases.
The company plans to execute these repurchases through various means, including open-market transactions, private negotiations, and block trades, using existing funds and external financing. The program demonstrates JinkoSolar's confidence in its long-term growth, supported by its N-type TOPCon technology and global operations network.
JinkoSolar (NYSE: JKS) has initiated a patent infringement lawsuit against VSUN Solar USA, Toyo Co., and their related entities in the U.S. District Court for the Northern District of California. The lawsuit aims to protect JinkoSolar's intellectual property rights, particularly concerning their proprietary technology. The company holds over 2,800 patents, including 462 patents specifically related to N-type TOPCon technology, positioning them as one of the industry leaders in TOPCon patent holdings.
JinkoSolar and Indigenized Energy announced a significant donation of over 2,000 solar modules to support Tribal Nations across the Midwestern United States. The donation, representing more than 800kW of energy capacity, will benefit the Northern Cheyenne Tribe and Chippewa Cree Tribe in Montana, and the Oglala Sioux Tribe in South Dakota. This initiative builds upon JinkoSolar's previous 300kW donation to the Standing Rock Sioux Tribe in 2019. The projects are connected to Department of Energy grant funding and EPA's Solar For All funding, encompassing both residential and commercial installations.
JinkoSolar (NYSE: JKS) has announced its 2024 annual general meeting, scheduled for December 27, 2024, at 10:00 a.m. (Beijing time) in Shanghai, China. The meeting agenda includes re-election of directors Mr. Xianhua Li and Mr. Steven Markscheid, ratification of Mr. Gang Chu as independent director, and appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors. Only shareholders of record as of November 22, 2024 (New York time) are eligible to vote. The company's 2023 Annual Report and related documents are available on their website.
JinkoSolar reported Q3 2024 financial results with total revenues of RMB24.51 billion (US$3.49 billion), up 1.9% sequentially but down 23.0% year-over-year. Quarterly shipments reached 25,910 MW, including 23,838 MW for solar modules. Gross margin was 15.7%, improving from 11.1% in Q2 2024. Net income was RMB22.5 million (US$3.2 million), recovering from a net loss in Q2. N-type module shipments accounted for ~90% of total module shipments, with mass production efficiency of N-type TOPCon cells reaching 26.2%. The company expects module shipments between 90.0-100.0 GW for full year 2024.