JinkoSolar falls after weak Q4 results due to lower price of solar modules

JinkoSolar Holding

26/03/2025 10:07

** U.S.-listed shares of Shanghai-based solar module maker JinkoSolar Holding JKS.N fall 1.2% to $20.47 premarket

** Reports Q4 loss of $0.32/share vs year-ago profit of $0.02/share

** Posts Q4 sales of $2.83 billion, down from $4.62 billion a year ago due to lower average selling price of solar modules

** CEO says: "Ongoing imbalance between supply and demand led to a decline in module prices during the year ... combined with the impact of short-term factors such as elimination of obsolete production capacity, our profitability dropped year-on-year"

** Company expects Q1 module shipments to be between 16.0 gigawatt (GW) and 18.0 GW

** Forecasts FY25 module shipments between 85.0 GW and 100.0 GW

** Till last close, stock down 16.9% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))