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

Stock Track

Oct 30, 2024

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\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\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. 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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JKS","symbol_name":"晶科能源","start_time":0,"source_url":"","article_id":"1131175211","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131175211","pubTimestamp":1730287102,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of JinkoSolar Holding Co. 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