JinkoSolar Holding Co Ltd (JKS) Shares Up 1.78% on Oct 2
Shares of JinkoSolar Holding Co Ltd (JKS, Financial) surged 1.78% in mid-day trading on Oct 2. The stock reached an intraday high of $26.90, before settling at $25.99, up from its previous close of $25.53.
Red, Blue, And Green Energy: JinkoSolar's Future In The Election Crossfire
JinkoSolar Holding Co., Ltd. is a global leader in solar tech but struggles with profitability and stock performance, heavily reliant on government policies and market pressures. Despite a low valuation and high dividend yield, JinkoSolar's declining earnings and financial challenges make it a risky investment, especially with the upcoming U.S. election. JinkoSolar's strong production capacity and technological advancements are notable, but the solar industry's dependence on subsidies and policies creates uncertainty.
PCE Numbers Comes in Line With Expectations
PCE Numbers Comes in Line With Expectations.
PCE Numbers Keep "Soft Landing" Narrative Aloft
Those looking for a 50-bps cut are not likely to find it from this morning's July PCE data.
The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
The U.S. added a record-breaking 32.4 gigawatts of solar electric generating capacity in 2023, evidence of the continued growth of the renewable energy industry thanks to strong customer demand, supportive government policies, and rapid advances in solar technology. A long-term shift in the energy sector toward decarbonization through green energy sources is well underway and likely to continue for years to come.
Get Your Money Out of These 3 Clean Energy Stocks by 2025
This has been a bad year for clean energy stocks. It has destroyed many investors' hopes of a shift to green energy worldwide.
JinkoSolar: Deep Value Opportunity, Despite Balance Sheet Concerns
JinkoSolar's balance sheet shows high debt, but management is actively working on improving it, evidenced by a reduction from $4.38B to $3.66B in total debt. The firm's new N-type panels are expected to drive growth, with efficiency reaching 26.5% by end-2024, but the current negative free cash flow due to high capex is a concern. Valuation is attractive with a price-to-book ratio under 0.5, and if the debt issue is managed, potential for high long-term returns exists; stock price could appreciate 50% by end-2025.
Why JinkoSolar Stock Just Dropped 5%
China is curbing solar production, and JinkoSolar stock is falling. Meanwhile, in India, the government seeks solar self-sufficiency -- with plans to curb imports from China.
JinkoSolar's 2000-Volt Module First to Achieve UL Certification
SHANGRAO, China, May 20, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its 2000-Volt EAGLE® Modules were the first in the world to be qualified as UL listed products for UL61730-1 and UL61730-2, and UL classified products for IEC 61215-1, IEC 61215-2 and IEC 61215-1-1. JinkoSolar worked with UL Solutions to certify this new and high-quality module. Following certification, the 2000-Volt EAGLE® Modules will be deployed selectively in the U.S. in the third quarter of 2024, with general U.S. market availability in 2025. The 2000-Volt module increases string lengths for utility-scale projects, thus reducing the overall system level component costs and improving end-to-end efficiency with less energy loss. This enables a more competitive levelized cost of energy, and projects using JinkoSolar's modules will see higher return on investment. This is the latest advancement in high voltage solar certification since 1500-Volt modules first came onto the market eight years ago. "We are always pleased to collaborate with industry innovators and technology leaders such as JinkoSolar," said Colleen O'Brien, Principal Engineer of UL Solutions. "UL Solutions is dedicated to elevating industry competitiveness through the exploration of cutting-edge technologies while prioritizing safety in their application." "UL Solutions is synonymous with product safety and certification, so working with UL Solutions to achieve this 2000-Volt milestone was a natural choice," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "JinkoSolar's expertise lies not just in advanced R&D but also in bringing those technologies to scale and making them available cost-competitively to our U.S. customers. We look forward to the 2000-Volt EAGLE® Modules making a tangible difference to our customers' bottom lines."About JinkoSolar Holding Co., Ltd. JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions. JinkoSolar had 14 productions facilities globally, 26 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2024. To find out more, please see: www.jinkosolar.comAbout UL Solutions A global leader in applied safety science, UL Solutions transforms safety, security, and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, which support our customers' product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers' products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets, complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact:Ms. Stella WangJinkoSolar Holding Co., Ltd.Tel: +86 21-5180-8777 ext.7806Email: pr@jinkosolar.com View original content:Click Here SOURCE JinkoSolar Holding Co., Ltd.
