JinkoSolar (JKS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
JinkoSolar’s subsidiary, Jiangxi Jinko, is planning a significant move by offering up to 1 billion A shares through Global Depositary Receipts on the Frankfurt Stock Exchange. This strategic step aims to raise up to RMB4.5 billion, which will finance major projects in the U.S. and China, and optimize working capital. The offering’s success depends on approvals from various financial authorities, potentially altering JinkoSolar’s equity stake in Jiangxi Jinko.
For further insights into JKS stock, check out TipRanks’ Stock Analysis page.