JinkoSolar rises after posting surprise Q1 profit

Jinko Holdings

29/04/2024 16:36

** Shares of solar module maker JinkoSolar Holding Co
 JKS.N  rise 2.9% to $24.85 
    ** Co reports adjusted Q1 profit of 57 cents per share.
Analysts' expectation was a loss of 76 cents/shr, as per LSEG
data
    ** Says qtrly shipments equaled 21,907 MW, up 51.2%
year-over-year
    ** Co expects its Q2 module shipments to be in the range of
24.0 GW to 26.0 GW; reiterates FY module shipments forecast
range of 100.0 GW to 110.0 GW
    ** Including session's gains, JKS down ~32% YTD

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))