JinkoSolar (ADR)

The board of JinkoSolar has proposed rebranding the company as Jinko Holdings; the change requires shareholder approval at the annual general meeting on 21 October 2026 and regulatory clearances. The American Depositary Shares will remain listed on the NYSE under the ticker JKS. Going forward, the company intends to operate two segments — industrial holdings (including a majority stake in Jinko Solar Co., Ltd.) and strategic minority investments in areas such as AI, renewable energy, advanced materials and space; disclosed investments include Moonshot AI and StepFun, and the company reported fair-value gains and proceeds from disposals in the first half of 2026. » Mere på de.investing.com

JinkoSolar reported an adjusted loss per share of $13.19 in the second quarter of 2026 on revenue of $12.36 billion, both markedly worse than consensus expectations, and gross margin fell sequentially to 4.2%. The stock dropped about 9% in premarket trading and is approaching its 52‑week low. Management cut the annual delivery guidance to 60–70 GW and plans to shift focus from volume to profitability and cash flow; high‑efficiency modules such as Tiger Neo 5.0 are expected to account for more than 60% of shipments. At quarter‑end cash stood at $2.5 billion with net debt of $4.1 billion; the company expects a slight price recovery and moderately better margins in Q3. » Mere på de.investing.com

JinkoSolar announced the resignation of Xiande Li as chief executive officer and appointed Wei “Dimi” Du as the new CEO with immediate effect. Li will remain chairman and chair of the compensation and the nomination and corporate governance committees of the board of directors. Du has served since April 2026 as vice president of strategic investment and will take responsibility for day-to-day operations, strategic execution and capital allocation; the change is part of a succession process. JinkoSolar stressed that Li’s resignation is not due to disagreements with the company; the company operates more than 10 production facilities worldwide and over 20 overseas offices. » Mere på de.investing.com