Stock Track | JinkoSolar Soars 5.25% on Q3 Earnings Beat, Expansion Plans

Stock Track2024-10-31

JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading global solar module manufacturer, saw its stock surge 5.25% on October 31, 2024, following the company's better-than-expected third-quarter financial results and strategic expansion plans.

The company reported Q3 revenue of $3.49 billion, exceeding consensus estimates of $3.2 billion. Despite industry-wide pricing pressure, JinkoSolar achieved a gross margin of 15.7% and a net income of $3.2 million, fueled by strong shipments to the US market and its leading position in N-type TOPCon technology.

JinkoSolar's Chairman and CEO, Xiande Li, highlighted the company's "relatively outstanding results" in the challenging environment, leveraging its competitive products, global sales, and manufacturing networks. The company shipped 25.9 gigawatts of solar modules in Q3, maintaining its global leadership position.

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(NYSE: JKS), a leading global solar module manufacturer, saw its stock surge 5.25% on October 31, 2024, following the company's better-than-expected third-quarter ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JKS","symbol_name":"晶科能源","start_time":0,"source_url":"","article_id":"1104678570","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104678570","pubTimestamp":1730382707,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"JinkoSolar Holding Co., Ltd. , a leading global solar module manufacturer, saw its stock surge 5.25% on October 31, 2024, following the company's better-than-expected third-quarter financial results and strategic expansion plans.The company reported Q3 revenue of $3.49 billion, exceeding consensus estimates of $3.2 billion. 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