JinkoSolar shares are trading higher Monday following the company's announcement of a patent infringement lawsuit filed against VSUN Solar USA, Toyo Co., and their affiliates. Here's what you need to know.
Key Takeaways: 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. The company appears to be selling the global depositary receipts (GDRs) at a relatively large discount to their price in Shanghai By Doug Young
Anyone hoping to see a little more volatility finally got it today… but not necessarily in the shiny bearish package they were counting on. Indeed, the S&P 500 finished the day - and the third quarter - with an all-time high close.
JinkoSolar's stock fell after reporting Q2 results: revenue down, earnings beat estimates, shipments up, gross margin decreased. Outlook: Q3 shipments 23GW-25GW, annual production capacity to reach 120GW for wafers, 110GW for cells, and 130GW for modules by 2024.
