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JinkoSolar Announces Cash Dividend
Prnewswire· 2024-08-05 10:00
Core Viewpoint - JinkoSolar has declared a cash dividend of US$0.375 per ordinary share, reflecting confidence in its business prospects despite challenges in the global photovoltaic market [1][2]. 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 clients across multiple countries [3][4]. - The company operates 14 production facilities and has 26 overseas subsidiaries in regions such as Japan, South Korea, Vietnam, and the United States, supported by a global sales network [4]. Dividend Announcement - The total cash amount to be distributed for the dividend is approximately US$79 million, with the dividend expected to be paid around August 30, 2024 [2][1]. - Shareholders holding ordinary shares or American Depositary Shares (ADS) at the close of trading on August 15, 2024, will be entitled to receive the cash dividend [1].
JinkoSolar to Form a Joint Venture with RELC and VI in Saudi Arabia for Production of 10 GW of High-efficiency Solar Cells and Solar Modules
Prnewswire· 2024-07-16 11:03
SHANGRAO, China, July 16, 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 its indirectly majority-owned subsidiary, JinkoSolar Middle East DMCC ("Jinko Middle East"), has entered into a shareholders agreement (the "Agreement") with Renewable Energy Localization Company ("RELC"), a wholly-owned subsidiary of Public Investment Fund ("PIF") and the national champio ...
JinkoSolar: Deep Value Opportunity, Despite Balance Sheet Concerns
Seeking Alpha· 2024-07-16 08:35
xijian JinkoSolar (NYSE:JKS) may look unattractive at the moment based on its balance sheet and a lack of enthusiasm for the stock in the market, but I think there is potentially a deep value opportunity here that could make for a highly successful investment over the long term. Many of its valuation multiples are significantly contracted compared to historical levels, and its price-to-book ratio is currently under 0.5. Furthermore, management has expressed that it is actively working to improve its deb ...
JinkoSolar Once Again Tops PV Tech's ModuleTech Bankability Report with AAA Rating
Prnewswire· 2024-07-15 10:41
SHANGRAO, China, July 15, 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 it has topped the PV Tech 2024 Q2 ModuleTech Bankability Report with "AAA" rating. JinkoSolar has once again earned the trust of global investors and customers with its robust R&D capabilities, healthy financial performance, and extensive market coverage. The Company's Bankability Scores ...
JinkoSolar Repurchased 4,503,178 ADSs under Its Share Repurchase Program
Prnewswire· 2024-06-27 10:01
SHANGRAO, China, June 27, 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 4,503,178 ADSs in an aggregate amount of approximately US$110.7 million in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in December ...
Why JinkoSolar Stock Just Dropped 5%
The Motley Fool· 2024-06-25 16:25
News headlines pose problems for JinkoSolar, but its biggest problems are debt and a lack of free cash flow.Shares of China's JinkoSolar Holding (JKS -4.63%) tumbled 5.5% through 11 a.m. ET Tuesday on a couple of disturbing international news reports. First, in China, Caixin Global reports China's National Energy Administration is taking steps "to slow the breakneck expansion of the country's solar industry," in particular by curbing "low-end" solar production. Meanwhile, Bloomberg reports India is "pushing ...
JinkoSolar to Supply Utility Scale Storage to Athens Airport
Prnewswire· 2024-06-21 10:00
MUNICH, June 21, 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, announced today that it has entered into a Heads of Terms with kIEFER to supply its large scale battery storage, SunTera to Athens International Airport (AIA), hence supporting its commitment to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will operate the largest self-consumption system in an airport ...
JinkoSolar Supplied Residential Storage Solutions to SolarToday
Prnewswire· 2024-06-20 13:00
MUNICH, June 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 its subsidiary Jinko Solar Denmark has supplied high voltage residential storage solutions to SolarToday for use in the DACH and Benelux regions starting from June 2024.Mr. Frank Niendorf, the Vice President of Europe for JinkoSolar commented, "The distributed generation market is growing impressiv ...
JinkoSolar's 182 mm TOPCon Module Reaches Highest Conversion Efficiency of 25.42%
Prnewswire· 2024-06-11 13:24
Core Viewpoint - JinkoSolar has achieved a new record in conversion efficiency for its N-type TOPCon solar module, reaching 25.42%, which underscores the technology's competitiveness and growth potential [1][2]. Group 1: Technological Innovations - The N-type TOPCon solar module features several technological advancements, including metalization enhancement, high-precision non-destructive patterning, and high energy density hydrogen passivation technology, which collectively reduce internal resistance losses and enhance efficiency [2]. - The lab results indicate a practical foundation for rapid mass production and set the technical direction for future advanced products [2]. Group 2: Company Commitment - The Chief Technology Officer of JinkoSolar emphasized the role of the R&D team in achieving this breakthrough and reiterated the company's commitment to ongoing investment in R&D and mass production capabilities to support a sustainable energy structure [3]. Group 3: Company Overview - JinkoSolar is recognized as one of the largest and most innovative solar module manufacturers globally, with a diverse customer base across multiple countries including the United States, Germany, and India [4]. - As of March 31, 2024, JinkoSolar operates 14 production facilities and has 26 overseas subsidiaries, along with a comprehensive global sales network [5].
JinkoSolar Recognized as Top Performer in PVEL's PV Module Reliability Scorecard for the Tenth Consecutive Time
Prnewswire· 2024-06-10 11:32
SHANGRAO, China, June 7, 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 it has been recognized as a Top Performer across all reliability categories in the 2024 PV Module Reliability Scorecard published by Kiwa PVEL.This year marks the 10th Edition of Kiwa PVEL's module reliability scorecard, which recognizes leading module manufacturers that have excelled in i ...