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 announced it will release its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Wednesday, October 30, 2024. The company's management will host an earnings conference call at 8:30 a.m. U.S. Eastern Time on the same day. A telephone replay will be available until November 6, 2024, and a webcast will be accessible through the company's Investor Relations website.
JinkoSolar Holding Co., (NYSE: JKS) announced that its subsidiary, Jiangxi Jinko, plans to offer up to 1,000,519,986 A shares as Global Depositary Receipts (GDRs) on the Frankfurt Stock Exchange. Each GDR will represent 10 shares, with the offering not exceeding 10% of Jiangxi Jinko's total share capital. The gross proceeds are expected to be up to RMB4.5 billion, which will be used for:
- Construction of a 1 GW High-efficiency Module Project in the U.S.
- Development of Shanxi Phase II 14 GW Integrated Production Base Project
- Working capital or repayment of bank loans
JinkoSolar's ownership in Jiangxi Jinko will decrease from 58.59% to approximately 53.26% after the offering. The GDR Offering is subject to various approvals and regulatory processes.
JinkoSolar Holding Co., (NYSE: JKS), a leading solar module manufacturer, has announced its participation in the 2024 New York Climate Week. The company's principal operating subsidiary, Jinko Solar Co., , is launching the English version of its first Climate White Paper. This comprehensive report outlines JinkoSolar's commitment to sustainability, strategies to reduce carbon emissions, and steps for creating a greener future.
As a member of the Board of Directors of the Global Solar Council, Jinko Solar Co., is co-hosting a Finance Roundtable discussion on lowering solar PV costs. This event brings together development and commercial banks, industry experts, policymakers, and business leaders to shape the future of climate action.
The Climate White Paper, which covers Jinko Solar Co., and its subsidiaries, is available on the company's website.
JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, has been named the 'Overall Highest Achiever' in Renewable Energy Testing Center's (RETC) 2024 PV Module Index Report for the fifth consecutive year. This prestigious award recognizes JinkoSolar's excellence in reliability, performance, and quality of their solar modules.
The RETC's PVMI, launched in 2019, conducts rigorous beyond-certification bankability tests on modules over a 12-month period. These tests are performed in state-of-the-art laboratories under controlled conditions. The Overall Highest Achiever designation is the top award, providing assurance to project stakeholders about the reliable performance of mass-produced PV products during commercial operations.
Nigel Cockroft, General Manager of JinkoSolar (U.S.), expressed pride in this achievement, highlighting the company's commitment to delivering high-quality, reliable, and high-performing modules. RETC's President & CEO, Cherif Kedir, commended JinkoSolar for its exceptional performance and dedication to excellence in solar manufacturing.
JinkoSolar (NYSE: JKS) was named an Overall Highest Achiever in Renewable Energy Testing Center's 2024 PV Module Index Report, marking its fifth consecutive year earning the top designation.
RETC's PVMI aggregates results from comprehensive, beyond-certification bankability tests performed over 12 months since the program's 2019 launch. The award recognizes excellence across reliability, performance, and quality and is intended to provide assurance to project owners, insurers, financiers, and engineers about mass-produced PV product bankability.
JinkoSolar Holding Co., (NYSE: JKS) has completed the delivery of over 1,000 PV modules to Ohana Hope Village (OHV) in Kahului, Maui. This donation is part of a rapid response housing initiative for families displaced by the August 2023 Maui fire. The village, designed by Hawaii Off Grid Architecture & Engineering and Family Life Center, consists of 16 pods with 88 modular units functioning as distributed microgrids with solar, energy storage, and biodiesel backup generators.
The project aims to create an off-grid, carbon-neutral, and net-zero energy community. JinkoSolar's donation provides free, clean electricity, allowing OHV to allocate more resources to supporting fire survivors in their recovery efforts.
JinkoSolar (NYSE: JKS) announced its Q2 2024 financial results, reporting a 34.1% YoY increase in module shipments to 23.8 GW, leading the industry. Total revenues were RMB24.05 billion ($3.31 billion), down 21.6% YoY. Gross profit fell 44% YoY to RMB2.68 billion ($368.3 million), with a gross margin of 11.1%. The company recorded a net loss of RMB100.7 million ($13.9 million) compared to net income of RMB1.31 billion in Q2 2023. Adjusted net income was RMB378.5 million ($52.1 million).
The company achieved new technology milestones, including a 33.24% conversion efficiency for N-type TOPCon based perovskite tandem cells. It formed a joint venture in Saudi Arabia to produce 10 GW of high-efficiency solar cells.
Despite challenges like lower average selling prices, JinkoSolar maintains a robust global position, with an expected full-year shipment range of 100-110 GW and Q3 shipments between 23-25 GW.
JinkoSolar Holding Co., (NYSE: JKS), a leading solar module manufacturer, has repurchased 5,596,739 ADSs for approximately US$134.5 million under its share repurchase program. The program, announced in July 2022 and extended in December 2023, now runs through June 30, 2025. As of the press release date, about US$65.5 million remains unutilized in the extended program.
The company may continue repurchasing ADSs through various means, including open-market transactions, private negotiations, and block trades, subject to market conditions and applicable regulations. The timing and conditions of future repurchases will comply with Rule 10b-18, Rule 10b5-1 of the Securities Exchange Act of 1934, and JinkoSolar's insider trading policy.
JinkoSolar Holding Co., (NYSE: JKS), a leading solar module manufacturer, announced changes to its Board of Directors on August 20, 2024. Mr. Yingqiu Liu resigned as an independent director and ceased to be a member of the audit committee and the nominating and corporate governance committee. Mr. Gang Chu was appointed as an independent director and a member of both committees, effective immediately.
Mr. Chu brings extensive experience from his roles at China International Capital (CICC) and Citigroup. He holds a Ph.D. in theoretical physics and is a Chartered Financial Analyst. JinkoSolar's Chairman and CEO, Mr. Xiande Li, expressed gratitude to Mr. Liu and welcomed Mr. Chu, highlighting his valuable capital markets experience.
JinkoSolar Holding Co., (NYSE: JKS), a leading global solar module manufacturer, has announced its plans to release unaudited financial results for Q2 2024 on August 30, 2024, before U.S. markets open. The company will host an earnings conference call at 8:30 a.m. U.S. Eastern Time on the same day. Interested parties can pre-register for the call using the provided link. A telephone replay will be available until September 6, 2024. Additionally, a live and archived webcast of the conference call will be accessible on JinkoSolar's Investor Relations website.