An update from JinkoSolar ( (JKS) ) is now available.
JinkoSolar announced its financial results for the fourth quarter and full year of 2024, revealing a challenging year with significant financial losses despite leading the industry in module shipments. The company reported a net loss of US$64.9 million in the fourth quarter and a 98.3% decrease in net income for the year, attributed to supply-demand imbalances and lower module prices. Despite these challenges, JinkoSolar maintained its position as the top-ranked solar module manufacturer and continued to invest in technology and production efficiency improvements. The company anticipates a recovery in module prices and profitability as industry conditions stabilize, supported by government policies and industry self-discipline measures.
More about JinkoSolar
JinkoSolar Holding Co., Ltd. is one of the largest and most innovative solar module manufacturers globally, focusing on the production and distribution of solar modules. The company is known for its advanced N-type TOPCon technology and extensive patent portfolio, positioning it as a leader in the solar energy industry.
YTD Price Performance: -20.42%
Average Trading Volume: 748,415
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.07B
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