JinkoSolar Holding Co., Ltd. (JKS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “the Company”) (NYSE: JKS). Investors who purchased JinkoSolar securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether JinkoSolar has violated federal securities laws.
Investigation Details
On January 17, 2025, JinkoSolar issued a press release reporting “estimates for certain preliminary unaudited financial results” for 2024 for “its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd.” Among other items, JinkoSolar estimated 2024 net income in the range of 80 million yuan to 120 million yuan ($10.92 million to $16.37 million), equating to a decline of more than 98%. JinkoSolar also expects to report full-year preliminary unaudited net loss attributable to shareholders excluding extraordinary gains and losses in the range of 750 million yuan to 1.05 billion yuan, representing a decrease of 100.8% to 115.2%. On this news, JinkoSolar’s American depositary receipt (“ADR”) price fell $2.30 per ADR, or 9.77%, to close at $21.24 per ADR on January 17, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased JinkoSolar securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com