JKS Stock
JKS Stock

JinkoSolar Holding Co., Ltd. (NYSE: JKS), a solar panel producer, released preliminary results for its subsidiary Jiangxi Jinko for the three months ending March 31, 2022. These figures point to a good future report from JinkoSolar.

JinkoSolar’s primary operating subsidiary is Jiangxi Jinko. JKS controlled about 59% of the company’s stock as of the end of March this year.

Jiangxi Jinko released preliminary unaudited quarterly results. In the most recent quarter, the company expects net income to be in the range of CN 380 to CN 420 million, representing a year-over-year increase of 57% to 74%.

JinkoSolar Holding Co., Ltd. (JKS) is one of the world’s leading solar module producers, supplying huge power plants with solar panels. As a result, in early April, the firm shipped 500,000 bifacial modules to Greece for a solar power plant with a total capacity of 204 MW.

Over the next two years, demand for green energy is likely to rise as a number of European countries seek to lessen their reliance on fossil fuels. JKS might be one of the most successful companies as a result of this trend.

JKS is a vertically integrated solar module manufacturer with the capacity to produce more than 101 GW of solar modules per year, including the most efficient monocrystalline modules. Simultaneously, the corporation is aiming to boost its manufacturing capacity. 

JinkoSolar Holding Co., Ltd. (JKS) announced the development of new monocrystalline silicon manufacturing lines capable of producing 30 GW of solar panels in March 2022. By 2024, the new output will have reached a capacity of 10 GW.

The stock has returned 13.53% so far this year. On the other side, its seven-day performance is -3.96%. The price index of the stock has declined -2.94% in the previous month but has climbed 26.77% in the last three months. It had a -7.09% six-month performance but was up 30.61% over the preceding 52 weeks.

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