JACKSONVILLE, Fla., Sept. 3, 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 the successful completion of its delivery program which provided over 1,000 PV modules to Ohana Hope Village (OHV), a rapid response housing initiative in Kahului, Maui aimed to provide sustainable housing solutions for families displaced by the August 2023 Maui fire. The donation program be ...

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q2 2024 Earnings Call Transcript August 30, 2024 8:30 AM ET Company Participants Stella Wang - IR Li Xiande - Chairman and CEO Gener Miao - CMO Pan Li - CFO Charlie Cao - CFO Conference Call Participants Matt Ingraham - ROTH Capital Partners Alan Lau - Jefferies William Grippin - UBS Rajiv Chaudhri - Sunsara Capital Operator Hello, ladies and gentlemen, and thank you for standing by for JinkoSolar Holding Co., Ltd. Second Quarter 2024 Earnings Conference Call. At this ...

In terms of purely economic reports — not single-quarter earnings results from one particular company — this morning’s Personal Consumption Expenditures (PCE) is the most important of the week. PCE numbers are most readily referred-to by Fed Chair Jerome Powell and others at the Fed in terms of monetary policy on interest rates.Currently, the game is: based on strength (or weakness) in select economic prints like PCE, odds increase for either a 25 basis-point (bps) cut or a 50 bps cut. The more corrosive to ...

Economic Reports - The Personal Consumption Expenditures (PCE) report is crucial for monetary policy discussions, particularly regarding interest rate adjustments [1] - Current economic conditions suggest potential for either a 25 basis-point or a 50 basis-point cut, with a deeper cut being more likely if market conditions worsen [1] PCE Data Summary - July PCE Index month-over-month increased by +0.2%, matching expectations and showing a slight improvement from June's +0.1% [2] - Year-over-year PCE headline inflation remained at +2.5%, consistent with previous months and at multi-year lows since February 2021 [2] - Core PCE year-over-year was +2.6%, down 10 basis points from estimates, indicating stable inflation [2] Income and Spending Insights - July Personal Income rose to +0.3%, exceeding the expected +0.2% and June's figure [3] - Personal Spending was reported at +0.5%, aligning with expectations but below the +0.7% seen in March 2024 [3] - Real Personal Spending adjusted for inflation increased by +0.4%, the highest since late last year, suggesting controlled inflation [3] Market Reaction - Pre-market futures showed positive movement ahead of the PCE report, with the Dow initially up by +114 points before settling at +62 [4] - The S&P 500 and Nasdaq also experienced slight pullbacks after the report, indicating a cautious market sentiment [4] Company Earnings Overview - JinkoSolar (JKS) reported Q2 earnings per share of 97 cents, significantly exceeding the expected $0.05, marking a positive surprise of +1840% [5] - However, JinkoSolar's revenues of $3.31 billion fell short of the expected $3.85 billion, representing a -21.6% year-over-year decline [5] - The company did achieve a +34% growth in module shipments year-over-year, reflecting some operational strength despite revenue challenges [5]

Industry Overview - The U.S. added a record-breaking 32.4 gigawatts of solar electric generating capacity in 2023, driven by strong customer demand, supportive government policies, and rapid advances in solar technology [1] - A long-term shift toward decarbonization through green energy sources is underway and expected to continue for years [1] Company Performance: Daqo New Energy - Daqo New Energy reported a net loss attributable to shareholders of just under $120 million, significantly worse than analysts' expectations, due to an inventory impairment expense of $108 million [3][4] - The company faced a decline in sales volume of more than 20% year-over-year, with an average polysilicon selling price of $5.12 per kilogram, down over $2.50 from the previous year [4] - Daqo has failed to beat consensus earnings per share estimates for the last year, indicating persistent bottom-line struggles [4] Company Performance: JinkoSolar - JinkoSolar reported a net loss of almost $14 million for the second quarter, with revenue growth up 4.4% sequentially but down nearly 22% year-over-year [6][7] - Despite the losses, JinkoSolar experienced a year-over-year module shipments growth of over 34%, becoming the first solar module maker to deliver a total of 260 GW solar modules [7] - The company also saw substantial growth of around 20% year-over-year in total solar module exports, suggesting a potential for quicker recovery compared to competitors like Daqo [7] Comparative Analysis - First Solar Inc. remains the largest and most profitable company in the solar space, maintaining profitability while smaller competitors struggle with excess inventory and low prices [8] - JinkoSolar's rapid growth in demand for its products makes it a company to watch, while Daqo's position could improve if there is a broad increase in prices across the industry [8]

Building Your Trust in Solar JINKOSOLAR HOLDING CO., LTD. Q2 2024 EARNINGS CALL PRESENTATION AUGUST 30, 2024 Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., Ltd. (the "Company") in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The information herein has ...

SHANGRAO, China, Aug. 30, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 Business HighlightsLeveraging our advantages of N-type TOPCon technology, competitive products, global marketing, and manufacturing footprint, module shipments grew by 34.1% year-over-year to 23.8 GW ...

SHANGRAO, China, Aug. 30, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that as of the date of this press release, the Company has repurchased a total of 5,596,739 ADSs in an aggregate amount of approximately US$134.5 million in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in December ...

SHANGRAO, China, Aug. 20, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that Mr. Yingqiu Liu has resigned as an independent director of the Company, and has ceased to be a member of the audit committee and the nominating and corporate governance committee of the Company, effective August 20, 2024. The departure of Mr. Yingqiu Liu was not due to any disagreement wit ...

Core Viewpoint - JinkoSolar plans to release its unaudited financial results for Q2 2024 on August 30, 2024, before U.S. market opening [1] Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products and services to various customer segments including utility-scale, commercial, and residential [3] - The company has a global presence with 14 production facilities and 26 overseas subsidiaries across multiple countries including Japan, South Korea, Vietnam, India, Turkey, Germany, and the United States [4]