The Market Doesn't Like What It Sees From JinkoSolar Holding Co., Ltd.'s (NYSE:JKS) Earnings Yet As Shares Tumble 30%

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MT NewswiresJun 28 22:50

JinkoSolar (JKS.US) has repurchased over 4.5 million ADS shares, totaling approximately USD 110.7 million.

JinkoSolar (JKS.US) announced on Thursday that, according to the share buyback plan announced in July 2022 and the extended share buyback plan announced in December 2023, the company has repurchased a total of 4,503,178 American depositary shares (ADS) on the open market, totaling approximately US$ 110.7 million. JinkoSolar added that as of this Thursday, about US$ 89.3 million worth of ADS representing the company's common stock under the extended share buyback plan has not yet been used.

Zhitong FinanceJun 27 19:42

Dialogue with JinkoSolar's Qian Jing: Company's N-type shipments will exceed 100GW, and overall prices in the third and fourth quarters may stop falling and slightly rebound.

As of the end of 2024, JinkoSolar's planned production capacity for silicon wafers, cells, and modules are 120GW, 110GW, and 130GW respectively. "We expect our N-type production capacity to exceed 100GW by the end of 2024," said Qian Jing. JinkoSolar's 2GW module capacity at its US factory is currently in production, and "we are still keeping an eye on whether to expand production in the future," Qian Jing added.

cls.cnJun 27 19:32

Express News | JinkoSolar Holding Co Ltd: Proposed Deal for Aggregate Amount of Approximately US$110.7 Mln in Open Market

BreakingsJun 27 18:01