JKS - JinkoSolar's Jiangxi Jinko lays down prelim FY 2022 numbers
JinkoSolar ( NYSE: JKS ) announced that its subsidiary Jinko Solar Co. expects preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko is estimated to be in the range from RMB2.66B-2.96B, increasing by from RMB1.52B-1.82B and by from 133.05% to 159.33% Y/Y.
Its preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko excluding extraordinary gains and losses is estimated to be in the range from RMB2.50B-2.80B, increasing by from RMB1.97B-2.27B and by from 371.17% to 427.71% Y/Y.
JinkoSolar currently owns ~58.62% equity interest in Jiangxi Jinko.
Stock rises 1.7% post-market.
The stock has quant rating of Hold , with highest factor grades for growth; whereas Wall Street rating of Buy with an average price target of $67.81, a 22% possible upside and SA Author rating of Buy
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JinkoSolar's Jiangxi Jinko lays down prelim FY 2022 numbers