Stock Track | JinkoSolar Soars on Better-Than-Expected Q3 2024 Results

Stock Track

2024-10-30

Shares of JinkoSolar Holding Co. Ltd. (NYSE: JKS) soared 5.59% in pre-market trading on Tuesday, October 30th, 2024, after the company reported better-than-expected financial results for the third quarter of 2024.

The solar panel manufacturer reported an adjusted loss of $0.06 per share for the quarter, significantly narrower than the analyst consensus estimate of a $0.29 loss per share. Additionally, JinkoSolar's revenue for the quarter came in at $3.49 billion, surpassing analysts' expectations of $3.2 billion, despite representing a 20.01% year-over-year decrease.

The strong performance in the face of challenging market conditions appears to have been well-received by investors, driving the company's shares higher in pre-market trading. JinkoSolar's ability to beat earnings and revenue estimates is a positive sign for the company's ongoing efforts to navigate the evolving solar energy landscape.

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Ltd. (NYSE: JKS) soared 5.59% in pre-market trading on Tuesday, October 30th, 2024, after the company reported better-than-expected financial results for the third quarter of 2024.</p>\n<p>The solar panel manufacturer reported an adjusted loss of $0.06 per share for the quarter, significantly narrower than the analyst consensus estimate of a $0.29 loss per share. Additionally, JinkoSolar's revenue for the quarter came in at $3.49 billion, surpassing analysts' expectations of $3.2 billion, despite representing a 20.01% year-over-year decrease.</p>\n<p>The strong performance in the face of challenging market conditions appears to have been well-received by investors, driving the company's shares higher in pre-market trading. 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(NYSE: JKS) soared 5.59% in pre-market trading on Tuesday, October 30th, 2024, after the company reported better-than-expected financial results for the third quarter of 2024.\nThe solar panel manufacturer reported an adjusted loss of $0.06 per share for the quarter, significantly narrower than the analyst consensus estimate of a $0.29 loss per share. Additionally, JinkoSolar's revenue for the quarter came in at $3.49 billion, surpassing analysts' expectations of $3.2 billion, despite representing a 20.01% year-over-year decrease.\nThe strong performance in the face of challenging market conditions appears to have been well-received by investors, driving the company's shares higher in pre-market trading. 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