JINKOSOLAR HOLDINGS CO - JKS STOCK NEWS

JinkoSolar Holding Co. (NYSE: JKS), a leading solar module manufacturer, announced that its EAGLE Encore Residential Solar + Storage platform has been named the 2023 Sustainable Product of the Year by Green Builder® Media. This recognition, which marks the second consecutive year JinkoSolar has received this award, highlights the EAGLE Encore platform as an innovative integrated solar and storage solution. It includes the high-performance EAGLE Continental solar module coupled with a 7.6kW/26.2kWh EAGLE RS battery storage system. The system utilizes Lithium Iron Phosphate (LFP) technology and features a hybrid inverter that optimizes energy management for homeowners. JinkoSolar aims to enhance sustainability and resiliency, aligning with homeowners' needs for clean energy solutions.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced on April 25, 2023 that its subsidiary, Jinko Solar Co., Ltd., has successfully issued convertible bonds totaling RMB10 billion on the Shanghai Stock Exchange's Sci-Tech Innovation Board. The bonds, with a six-year term, are convertible into ordinary shares of Jiangxi Jinko, in which JinkoSolar holds a 58.62% equity interest, amounting to RMB5.5 billion subscribed by the company. Following a six-month lock-up period, JinkoSolar can either sell or convert the bonds. This financing initiative supports JinkoSolar's strategy to strengthen its operational capacity in the renewable energy sector.

On April 23, 2023, JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for Q1 2023. The estimated net income for Jiangxi Jinko is projected between RMB 1.60 billion and RMB 1.70 billion, marking a significant increase of 298.89% to 323.82% year-over-year. Furthermore, the net income excluding extraordinary items is expected to range from RMB 1.20 billion to RMB 1.30 billion, reflecting a 299.48% to 332.77% increase from the previous year. JinkoSolar retains about 58.62% equity interest in Jiangxi Jinko. However, investors are cautioned that these preliminary results differ from JinkoSolar's consolidated financials due to varying accounting standards and consolidation scopes.

JinkoSolar (NYSE: JKS), a leading solar module manufacturer, is set to release its unaudited financial results for the first quarter ending March 31, 2023, on April 28, 2023, prior to the U.S. market opening. An earnings conference call will be held the same day at 8:00 a.m. ET. Interested participants must register in advance to receive dial-in details. A replay of the call will be accessible starting two hours after it concludes until May 5, 2023. The call will also be available via a live and archived webcast on JinkoSolar's Investor Relations website. JinkoSolar, known for its innovation and extensive distribution network, serves a global customer base across multiple countries.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jiangxi Jinko, has successfully registered with the China Securities Regulatory Commission (CSRC) to issue convertible bonds. The total offering could reach RMB10 billion. JinkoSolar holds approximately 58.62% of Jiangxi Jinko and maintains preemptive rights for a portion of these bonds. This move aims to strengthen its financial position and expand operations in the solar manufacturing sector.

The solar energy market in South Africa is projected to grow by 23.31 terawatt-hour units from 2021 to 2026, accelerating at a CAGR of 29.74%. Key growth drivers include sunny climatic conditions, government policies, and significant investments in solar PV projects. Despite positive prospects, challenges such as high initial investments and maintenance costs hinder market penetration, particularly for residential users. The competitive landscape is fragmented, with major players including Canadian Solar, JinkoSolar, and Trina Solar.

The global off-grid solar power systems market is projected to expand by USD 3,263.94 million from 2022 to 2027, with a CAGR of 11.92%. Major drivers include the high costs associated with grid expansion and the increasing adoption of decentralized power solutions in regions like sub-Saharan Africa and developing Asia. The APAC region is anticipated to contribute 48% of market growth, supported by favorable government policies and declining technology costs. Low awareness of alternative sustainable technologies poses a challenge to market growth, but overall, the demand for off-grid solar systems is rising as communities seek affordable electricity solutions.

The global silicon metal market is projected to exceed 2,900 kilotons by the end of 2023, with a CAGR of over 5% from 2023 to 2028. The surge in demand for aluminum-silicon alloys, driven by electric vehicles and rising production of electronic devices, is expected to enhance silicon metal consumption. However, lower silicon production in China poses a challenge to market growth. The solar panel industry, accounting for 95% of silicon module sales, is a significant driver, with renewable power capacity anticipated to grow by 50% by 2023. The Asia-Pacific region, particularly China, will dominate the market with key applications in automotive and electronics.

The latest press releases from the technology industry include significant developments such as Microsoft partnering with Boosteroid to enhance cloud gaming, and Voyager Space acquiring ZIN Technologies to advance its space infrastructure. Noteworthy announcements include Paper's acquisition of Readlee to combat literacy issues using AI, and Montavista's launch of new lithium metal batteries boosting drone flight time by 60-80%. Additionally, DigitalReef's merger with Gamers Club aims to disrupt the $360 billion gaming market. JinkoSolar also released its financial results for Q4 and full year 2022, highlighting the ongoing trends in business technology.