JKS - Why Shanghai-Based Photovoltaic Company JinkoSolar's Shares Are Skyrocketing Today | Benzinga
JinkoSolar Holding Co Ltd (NYSE: JKS) reported third-quarter FY23 revenue growth of 63.1% year-on-year to $4.36 billion, beating the consensus of $4.19 billion.
The company stated that the revenue increase is attributable to the increases in the shipment of solar modules due to the increasing demand in the global market.
Quarterly shipments increased 21.4% sequentially and 108.2% YoY, at 22,597 MW (21,384 MW for solar modules and 1,213 MW for cells and wafers).
Gross margin ...