JinkoSolar Holding Co (NYSE:JKS) Stock, Quote.Headers.trade-ideas

JinkoSolar Holding Co

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.

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JinkoSolar shares are trading higher Monday following the company&#39;s announcement of a patent infringement lawsuit filed against VSUN Solar USA, Toyo Co., and their affiliates. Here&#39;s what you need to know.

JinkoSolar Shares Are On The Rise Today: What&#39;s Going On?

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Solar panel

Before the market opened on Wednesday, JinkoSolar reported 2024 third-quarter fiscal earnings.

What&#39;s Going On With JinkoSolar Shares Wednesday?

JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares)

JinkoSolar Holding Co Ltd

JACKSAM CORPORATION by Jacksam Corporation

Jacksam Corp

JKS Resources Inc Ordinary Shares

JINKE SMRT SVC UNS/ADR by Jinke Smart Services Group Company Limited

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Reported Earlier, JinkoSolar Upsizes Share Buyback Plan By $150M To $350M And Extends Deadline To June 2026

JinkoSolar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares are trading higher Monday following the company&#8217;s announcement of a patent infringement lawsuit filed against VSUN Solar USA, Toyo Co. and their affiliates. Here&#8217;s<a href="https://www.benzinga.com/quote/JKS/news"> what you need to know.</a>
What To Know: The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges infringement of JinkoSolar's proprietary N-type TOPCon technology patents.
JinkoSolar, one of the world's leading solar module manufacturers, has an extensive intellectual property portfolio with over 2,800 patents, including 462 related to its TOPCon technology. The company emphasizes its commitment to protecting its innovations, which are a result of significant investments in research and development.
The lawsuit underscores JinkoSolar&#8217;s efforts to defend its position in the solar module market against competitors selling products that allegedly violate its patents. The company&#8217;s legal representation has stated that JinkoSolar intends to vigorously pursue its claims.
&#8220;JinkoSolar has earned its leadership position in the global solar module market through significant R&amp;D investments and will vigorously defend its intellectual property against those who sell infringing products,&#8221; said&nbsp;Louise Lu, a patent litigation lawyer with the Perkins Coie law firm.
JKS Price Action: JinkoSolar shares closed Monday up 6.77% at $28.70 at publication, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09154306/JKS-1024x530.png" alt="" class="wp-image-683959" style="width:492px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09154306/JKS-1024x530.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09154306/JKS-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09154306/JKS-768x398.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09154306/JKS.png 1170w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo: Shutterstock.

JinkoSolar Shares Are On The Rise Today: What's Going On?

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JinkoSolar shares are trading higher. The company announced it filed a patent infringement lawsuit against VSUN Solar and affiliates.

JinkoSolar has been awarded over 2,800 issued patents, with a proprietary portfolio that includes 462 industry-leading patents related to N-type TOPCon technology, one of the highest numbers of TOPCon patents in the industry.&nbsp;
"JinkoSolar has earned its leadership position in the global solar module market through significant R&amp;D investments and will vigorously defend its intellectual property against those who sell infringing products," said Louise Lu, a patent litigation lawyer with the Perkins Coie law firm.

Reported Saturday, JinkoSolar Files Patent Infringement Lawsuit Against VSUN Solar And Affiliates Over Proprietary N-Type TOPCon Technology

U.S. stocks were mostly lower, with the Dow Jones index falling more than 100 points on Tuesday.
Shares of AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) rose sharply during Tuesday's session after the company updated its 2024 guidance, raising the bottom end of its adjusted EPS outlook to $2.20-$2.25, above analyst <a href="https://www.benzinga.com/24/12/42291862/att-boosts-2024-guidance-targets-22-billion-annual-capital-investment-through-2027-more">estimates of $2.10</a>.
AT&amp;T is modernizing its 5G wireless network, aiming to complete the transition to open, high-capacity technology by 2027. The network, with deep mid-band 5G spectrum, will cover over 300 million people by the end of 2026.
AT&amp;T shares climbed 4.2% to $23.65 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares jumped 258% to $22.69 after the company announced it received a request to produce samples for one of NVIDIA&#8217;s upcoming liquid cooling manifold projects.</li>
<li>Janux Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JANX#NASDAQ">JANX</a>) gained 64% to $65.88 after the company announced updated interim clinical data for its JANX007 program in prostate cancer.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) surged 43.5% to $68.58 after the company reported better-than-expected second-quarter financial results issued guidance above estimates. Also, multiple firms raised their respective price targets on the stock.</li>
<li>Porch Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) gained 24.5% to $4.6950.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) climbed 17.2% to $4.95 as the company reported a strategic partnership with CATL&#8217;s subsidiary to develop battery swapping ecosystem for used cars.</li>
<li>Vir Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIR#NASDAQ">VIR</a>) rose 14.2% to $9.31.</li>
<li>Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) shares climbed 14.1% to $55.11 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) gained 12.3% to $2.46.</li>
<li>Sunstone Hotel Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) surged 10.9% to $11.94.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) gained 10.2% to $22.94.</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) shares surged 9.7% to $2.0400.</li>
<li>BingEx Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLX#NASDAQ">FLX</a>) rose 9.3% to $8.48.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) gained 8.2% to $26.72.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) jumped 7.8% to $43.93.</li>
<li>Alpha and Omega Semiconductor Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOSL#NASDAQ">AOSL</a>) gained 7.7% to $44.56.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) surged 6.6% to $25.60.</li>
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JinkoSolar shares are trading lower after the U.S. Commerce Department set preliminary antidumping tariff rates on solar cells from several Southeast Asian countries.

<a href="https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon" title="https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon">https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon</a>

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U.S. Commerce Dept Sets Preliminary Antidumping Tariff Rate Of 125.37% On Solar Cells From Cambodia; Antidumping Tariff Rate Of 81.22% On Solar Cells From Malaysia; Antidumping Tariff Rate Of 70.36% On Solar Cells From Thailand; Antidumping Tariff Rate Of 271.28% On Solar Cells From Vietnam

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Shares of solar stocks are trading lower following Donald Trump's presidential election victory. Investors may be assessing Trump's policies regarding solar and renewable energy.

<h3>Gainers</h3>
<ul>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares moved upwards by 134.6% to $4.2 during Wednesday's pre-market session. The company's market cap stands at $12.6 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock increased by 91.03% to $0.26. The company's market cap stands at $3.5 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) shares moved upwards by 68.99% to $0.95. The company's market cap stands at $25.2 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock moved upwards by 27.31% to $8.11. The company's market cap stands at $91.9 million. </li>
<li>Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) shares increased by 20.79% to $154.9. The company's market cap stands at $5.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) shares moved upwards by 17.9% to $0.14. The market value of their outstanding shares is at $37.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares fell 17.4% to $23.25 during Wednesday's pre-market session. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined by 17.33% to $22.9. The market value of their outstanding shares is at $13.4 billion. </li>
<li>SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares decreased by 16.54% to $15.75. The company's market cap stands at $902.4 million. As per the press release, Q3 earnings came out today. </li>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) shares decreased by 15.25% to $13.84. The market value of their outstanding shares is at $915.8 million. </li>
<li>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares decreased by 14.78% to $184.0. The company's market cap stands at $19.6 billion. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares declined by 12.58% to $9.18. The company's market cap stands at $140.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares moved upwards by 134.6% to $4.2 during Wednesday's pre-market session. The company's market cap stands at $12.6 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock moved upwards by 91.03% to $0.26. The company's market cap stands at $3.5 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock increased by 68.99% to $0.95. The company's market cap stands at $25.2 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock rose 27.31% to $8.11. The market value of their outstanding shares is at $91.9 million. </li>
<li>Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) shares moved upwards by 20.79% to $154.9. The market value of their outstanding shares is at $5.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) shares rose 17.9% to $0.14. The company's market cap stands at $37.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) stock declined by 17.4% to $23.25 during Wednesday's pre-market session. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares fell 17.33% to $22.9. The market value of their outstanding shares is at $13.4 billion. </li>
<li>SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) stock decreased by 16.54% to $15.75. The company's market cap stands at $902.4 million. As per the press release, Q3 earnings came out today. </li>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) shares declined by 15.25% to $13.84. The company's market cap stands at $915.8 million. </li>
<li>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock declined by 14.78% to $184.0. The company's market cap stands at $19.6 billion. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock decreased by 12.58% to $9.18. The market value of their outstanding shares is at $140.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JinkoSolar shares are trading higher after the company reported better-than-expected Q3 financial results.

JinkoSolar Holding Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) stock is moving higher on Wednesday following the company&#8217;s third-quarter <a href="https://www.benzinga.com//node/41621289">fiscal earnings</a>.
The Details: JinkoSolar reported a loss of 6 cents per share, beating analysts estimate of a loss of 29 cents per share. Sales of $3.49 billion beat analyst estimates of $3.20 billion.
Although quarterly sales surpassed analysts expectations, the reported figure represents a 23% decline year-over-year. The company attributed the year-year-year decease to a decline in the average selling price of solar modules. 
&#8220;While earnings were under pressure across the industry during the quarter, we achieved relatively outstanding results leveraging our leading position in N-type TOPCon technology, competitive products, as well as our global sales and manufacturing networks. Imbalance between supply and demand led to continuous price decline in the end market, causing losses to almost the whole industrial chain,&#8221; said Xiande Li, JinkoSolar&#8217;s Chairman and CEO.
&#8220;As we worked to balance utilization rates, shipments and profitability, prices in the&nbsp;third quarter&nbsp;were stable sequentially, and shipments to the U.S. increased significantly quarter-over-quarter. We also continued to optimize our integrated cost through technical advancements and supply chain management. Gross margin was&nbsp;15.7%, and net income was&nbsp;$3.2 million, both improved significantly sequentially.&#8221;
JinkoSolar reported that quarterly shipments were up 14.7% year-over-year, totaling 25,910 MW. The company said that 23,838 MW were for solar modules and 2,072 MW for cells and wafers.
Related Link: <a href="https://www.benzinga.com/markets/equities/24/10/41615718/cathie-woods-sky-high-vision-dumps-shares-of-cybercab-touting-tesla-for-this-evtol-play">Cathie Wood&#8217;s Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play</a>
JKS Price Action: At the time of publication, JinkoSolar stock is moving 8.13% higher at $26.12, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Unsplash

What's Going On With JinkoSolar Shares Wednesday?

JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.29) by 79.31 percent. The company reported quarterly sales of $3.490 billion which beat the analyst consensus estimate of $3.200 billion by 9.07 percent. This is a 20.01 percent decrease over sales of $4.363 billion the same period last year.

Earnings

Earnings Beats

JinkoSolar Holding Co Q3 2024 Adj. EPS $(0.06) Beats $(0.29) Estimate, Sales $3.490B Beat $3.200B Estimate

JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that JinkoSolar Holding Co will report an earnings per share (EPS) of $-0.29. 
The market awaits JinkoSolar Holding Co's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.82 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at JinkoSolar Holding Co's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>-0.76</td>
<td>2.21</td>
<td>1.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.99</td>
<td>0.57</td>
<td>1.21</td>
<td>3.31</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>-3.0%</td>
<td>-5.0%</td>
<td>10.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730224888_0_0.png" alt="eps graph" />
<h3>Performance of JinkoSolar Holding Co Shares</h3>
Shares of JinkoSolar Holding Co were trading at $27.7 as of October 28. Over the last 52-week period, shares are down 22.0%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/JKS/earnings">To track all earnings releases for JinkoSolar Holding Co visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JinkoSolar Holding Co Earnings Preview

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock rose 92.7% to $1.33 during Tuesday's regular session. The company's market cap stands at $4.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 19.45% to $0.32. </li>
<li>CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) stock increased by 19.16% to $163.22. The company's market cap stands at $7.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock moved upwards by 17.45% to $1.25. The market value of their outstanding shares is at $358.2 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 16.17% to $2.73. The market value of their outstanding shares is at $29.1 million. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) shares moved upwards by 12.5% to $284.37. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) stock fell 24.8% to $21.91 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock declined by 24.67% to $11.16. The company's market cap stands at $1.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 18.34% to $0.39. The market value of their outstanding shares is at $2.4 million. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares declined by 18.29% to $8.4. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 14.73% to $9.01. The company's market cap stands at $102.1 million. </li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares decreased by 14.59% to $23.66. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

Investors with a lot of money to spend have taken a bullish stance on JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JKS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for JinkoSolar Holding Co.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $93,580, and 14 are calls, for a total amount of $831,963.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $27.5 for JinkoSolar Holding Co over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for JinkoSolar Holding Co's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JinkoSolar Holding Co's whale trades within a strike price range from $22.5 to $27.5 in the last 30 days. 
<h3>JinkoSolar Holding Co Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730133045_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.8</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$25.00</td>
<td>$112.0K</td>
<td style="text-align: right;">349</td>
<td>1.4K</td>
</tr>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.6</td>
<td>$4.1</td>
<td>$4.6</td>
<td>$27.50</td>
<td>$91.9K</td>
<td style="text-align: right;">239</td>
<td>885</td>
</tr>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.6</td>
<td>$25.00</td>
<td>$91.9K</td>
<td style="text-align: right;">349</td>
<td>612</td>
</tr>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.8</td>
<td>$4.6</td>
<td>$4.8</td>
<td>$25.00</td>
<td>$86.4K</td>
<td style="text-align: right;">349</td>
<td>813</td>
</tr>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.8</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$25.00</td>
<td>$84.7K</td>
<td style="text-align: right;">349</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About JinkoSolar Holding Co</h3>
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.
Following our analysis of the options activities associated with JinkoSolar Holding Co, we pivot to a closer look at the company's own performance.
<h3>JinkoSolar Holding Co's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 3,179,193, the JKS's price is up by 17.64%, now at $27.67. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 2 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for JinkoSolar Holding Co, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

JinkoSolar Holding Co's Options Frenzy: What You Need to Know

Shares of solar-related companies are trading higher. A report suggests that China will address oversupply concerns by curbing industry production.

<h4>Key Takeaways:</h4>
<ul>
<li>Shanghai-listed Jinko Solar Co. plans to raise more than $600 million through a GDR sale in Germany, using the funds to pay for expansions in China and the U.S.</li>
<li>The company appears to be selling the global depositary receipts (GDRs) at a relatively large discount to their price in Shanghai</li>
</ul>
By Doug Young
If American investors don&rsquo;t appreciate you, then perhaps Germany investors will.
That appears to be the latest thinking at&nbsp;JinkoSolar Holding Co. Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jks#NYSE">JKS</a>), which has&nbsp;<a href="https://www.prnewswire.com/news-releases/jinkosolars-subsidiary-jiangxi-jinko-proposed-to-offer-and-list-up-to-1-000-519-986-a-shares-in-the-form-of-gdrs-on-the-frankfurt-stock-exchange-in-germany-302281584.html">just announced</a>&nbsp;a plan to raise major new funds through the issue of global depositary receipts (GDRs) by its main China-listed unit. The deal will see&nbsp;Jinko Solar Co. Ltd.&nbsp;(688223.SH) raise up to 4.5 billion yuan ($633 million) by selling up to 100 million GDRs to be traded on Germany&rsquo;s stock exchange in Frankfurt, JinkoSolar said on Monday.
There are quite a few pieces to this story, including a huge valuation gap between the U.S.-listed JinkoSolar Holdings and Shanghai-listed Jinko Solar Co. The U.S.-listed company currently owns 58.6% of the Shanghai-listed company, though that stake will be diluted to about 53.3% after the new share float.
The other big story is why this company, which we&rsquo;ll just call Jinko to cover both the U.S. and Shanghai listed entities, is raising funds in this particular way. China launched its GDR program around three years ago to encourage companies listed on its domestic A-share markets to raise more funds abroad, and Germany, Switzerland and Britain all currently host some such Chinese listings.
But trading for nearly all of the several dozen Chinese companies now listed in those three countries is very thin, with often days or weeks passing between trades. Valuations are quite similar to those seen for the companies&rsquo; A-shares, which may be one reason GDRs are attractive. By comparison, the valuation gap is often quite large for Chinese companies with listings in both China and Hong Kong or the U.S., with international investors in Hong Kong and the U.S. often valuing the exact same company far lower than their domestic Chinese peers in Shanghai and Shenzhen.
Last but not least, Jinko is just one of many solar panel makers finding itself in an increasingly uncomfortable position financially due to huge overcapacity in its sector right now. That situation has caused prices to plunge and pushed many companies into the red. Jinko was among that group, reporting a 101 million yuan net loss in the second quarter, though it remained profitable on an adjusted basis.
All that said, we&rsquo;ll return to address each of the previously mentioned points in more detail, starting with the valuation gap between the U.S.-listed JinkoSolar and its majority-owned China-listed Jinko Solar subsidiary.
The U.S. listed company&rsquo;s shares are down 45% this year due to the industry&rsquo;s current difficulties, giving the company a current market value of about $1 billion and an anemic price-to-earnings (P/E) of just 5.9. By comparison, the Shanghai-listed Jinko Solar&rsquo;s stock is roughly unchanged this year, giving it a market value of 86 billion yuan, or around $12 billion and a P/E ratio of 19.
That market value means the U.S.-listed company&rsquo;s 58.6% stake in the Shanghai-listed company should be worth about $7 billion, or seven times the U.S.-listed company&rsquo;s own market value. That shows that Chinese investors clearly see more value in Jinko than American ones, which is why this new fundraising is being done by the China-listed company rather than the American one. And since the very limited field of GDR buyers tends to value Chinese companies at roughly the same level as domestic A-share investors, the GDRs are likely to trade at a big valuation premium to Jinko&rsquo;s New York-listed American depositary shares (ADSs).
<h3>Thin Trading</h3>
While the new GDRs are likely to trade at similarly high valuations to Jinko&rsquo;s Shanghai-listed stock, the company also appears to be bracing itself for at least some kind of discount through the new share sale &ndash; probably due to the relatively large size of the fundraising.
We say that based on the fact that Jinko says the newly issued GDRs will account for up to 10% of its enlarged share capital, which should be worth about 8.6 billion yuan based on the Shanghai-listed company&rsquo;s latest market value of 86 billion yuan. But that 8.6 billion yuan amount is well above the 4.5 billion yuan in gross proceeds Jinko says it will actually raise, implying it is selling the new GDRs at a relatively large discount to their Shanghai price.
Perhaps sensing that, Jinko Solar&rsquo;s Shanghai-listed stock was down around 5% in early trade on Tuesday, the first day after the fundraising announcement.
One thing Jinko isn&rsquo;t doing is selling these shares on the expectation that Frankfurt will become a major new market for the stock. That&rsquo;s because trading is extremely thin for most Chinese companies traded under the GDR program. Frankfurt-listed shares for two companies we looked at, Junshi Biosciences (688180.SH; 1877.HK; 8SJ.F) and China Yangtze Power (600900.SH; CYZB.F), often went for weeks without a single trade, and the latter only had seven recorded trades so far this year, according to Yahoo Finance.
Thus, we can probably conclude that whoever is buying these new GDRs, and we suspect it might be mostly China-based investors, is probably doing so to get the big discount and doesn&rsquo;t have any plans to sell the shares in the immediate future.
Last but not least, there are the issues of what Jinko will do with the funds and the company&rsquo;s own cash situation. In the latest announcement, the company says it will use the funds for construction of a facility in Northwest China&rsquo;s Shanxi province, as well as a major expansion of its six-year-old facility in the U.S. state of Florida. The U.S. project is particularly noteworthy, as it should help Jinko to keep selling its products in that important market despite growing U.S. restrictions on the import of Chinese-made solar panels.
Jinko is relatively cash rich, with 13.9 billion yuan, or roughly $2 billion, in its coffers at the end of June. But it&rsquo;s also noteworthy that the latest amount was down by about 20% from the 17.6 billion yuan it had just three months earlier. That would appear to show the company is relying more heavily on its cash reserves these days during the difficult times the sector is facing.
At the end of the day, Jinko&rsquo;s use of its Shanghai-listed company and the GDR program as its fundraising vehicle looks relatively shrewd, allowing it to maximize its returns from this new share issue. By issuing the GDRs in Germany, where trading is nearly non-existent, it also won&rsquo;t need to worry about all of these new shares flooding into the market anytime soon.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

Small Cap

General

Jinko Sees Sunnier Skies In Germany With New Fundraising Plan

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), one of the largest and most innovative solar module manufacturers in the world, today announced that Jinko Solar Co., Ltd. ("Jiangxi Jinko"), its majority-owned principal operating subsidiary, intends to issue an aggregate of up to 1,000,519,986 A shares (the "Shares"), RMB1.0 par value per Share, in the form of Global Depositary Receipts ("GDRs") (including Shares issued as a result of the exercise of any over-allotment option, if any) (the "GDR Offering"). Each GDR represents 10 Shares. Jiangxi Jinko intends to apply for listing the GDRs on the Frankfurt Stock Exchange in Germany. The size of the GDR Offering is subject to market conditions and&nbsp;may be adjusted by Jiangxi Jinko's board of directors&nbsp;(subject to authorization from its shareholders at the shareholders' meeting).
The GDRs will represent not more than 10% of the total share capital of Jiangxi Jinko prior to this offering. JinkoSolar currently owns approximately 58.59% equity interest in Jiangxi Jinko. Following the GDR Offering, JinkoSolar will own approximately 53.26% equity interest in Jiangxi Jinko (calculated assuming 1,000,519,986 Shares will be issued in the GDR Offering).
The gross proceeds from the GDR Offering are expected to be not more than RMB4.5 billion (or its equivalent in foreign currencies), which, after deducting offering expenses, will be used for (i) construction and development of 1 GW High-efficiency Module Project in the U.S., (ii) construction and development of Shanxi Phase II 14 GW Integrated Production Base Project for manufacturing of monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules, and (iii) working capital or repayment of bank loans for Jiangxi Jinko. The use of proceeds raised is subject to the disclosure in the offering document or other registration documents.
The completion of the GDR Offering is subject to the approval of Jiangxi Jinko's shareholders, the approvals by the Shanghai Stock Exchange, Frankfurt Stock Exchange and the Federal Financial Supervisory Authority in Germany, and the registration process by the China Securities Regulatory Commission. Jiangxi Jinko cannot guarantee its ability to successfully complete the listing of the GDRs, the related timeline or the actual size and pricing of the GDR Offering

Asset Sales

JinkoSolar To Reduce Stake In Subsidiary To 53.26% With RMB 4.5B GDR Offering

Solar stocks rise as congressmen propose suspension of 45X manufacturing tax credit

In the second of two preliminary decisions that President Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha...

Commerce to decide on another round of solar panel tariffs, Reuters reports

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Commerce sets new antidumping tariff rate of 125.37% on certain solar cells

JinkoSolar jumps as Jefferies reiterates Buy, raises price target to Street-high $65

JinkoSolar files patent infringement lawsuit against VSUN and affiliates

JinkoSolar (JKS) "announced that its board of directors has approved the upsizing and extension of its existing share repurchase program. As previo...

JinkoSolar board approves upsizing existing buyback program to $350M

JinkoSolar upsizes and extends share repurchase program

An announcement from JinkoSolar ( ($JKS) ) is now available. JinkoSolar has announced the upsizing and extension of its share repurchase program, i...

JinkoSolar Expands Share Repurchase Program Amid Growth Confidence

JinkoSolar (JKS) is down -6.8%, or -$1.91 to $26.00. Published first on TheFly – the ultimate source for real-time, market-moving breaking financia...

JinkoSolar falls -6.8%

JinkoSolar: Bullish Chart, But Macro Risks Must Be Weighed (Rating Upgrade)

FLNC

FTCI

Commodities

Press Releases

JinkoSolar Earns RETC's "Overall Highest Achiever" Award for the Fifth Consecutive Year

JinkoSolar Unveils its First Climate White Paper at 2024 New York Climate Week

Offerings

JinkoSolar's Subsidiary Jiangxi Jinko Proposed to Offer and List up to 1,000,519,986 A Shares in the Form of GDRs on the Frankfurt Stock Exchange in Germany

JinkoSolar to Report Third Quarter 2024 Results on October 30, 2024

JinkoSolar Announces Third Quarter 2024 Financial Results

JinkoSolar Schedules 2024 Annual General Meeting to be Held on December 27, 2024

Historic JinkoSolar Donation Powers Projects in Native American Communities

JinkoSolar Files Patent Infringement Lawsuit Against VSUN and Affiliates

JinkoSolar Upsizes and Extends Share Repurchase Program

JinkoSolar recognized with two prestigious awards from EUPD Research

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