JinkoSolar's Q1 Miss Offset By Strong Outlook, Shares Rally As Shipments
Mon, Apr 29, 2024 7:56 PM

JinkoSolar's Q1 Miss Offset By Strong Outlook, Shares Rally As Shipments

A Flip by Avya Verma
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JinkoSolar Holding Co Ltd JKS shares are trading higher after the Shanghai, China-based company reported first-quarter fiscal 2024 results. JKS's Q1 revenue decreased 1.2% year-over-year to $3.19 billion, missing the consensus of $3.25 billion. Quarterly shipments increased 51.2% Y/Y to 21,907 MW (19,993 MW for solar modules and 1,914 MW for cells and wafers).

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