JinkoSolar Holding Co. Ltd. (JKS) is rising on the charts today, up 11.04% to trade at $45.57 at last check. Shares in JinkoSolar (JKS) closed the last trading day at $41.04. The volume of shares traded was 2.25 million, which is higher than the average volume over the last three months of 1.22 million. During the trading session, the stock oscillated between $39.00 and $42.22.
JinkoSolar (JKS) had an earnings per share ratio of 0.18. JKS’s stock has lost -9.66% of its value in the previous five sessions and moved -4.93% over the past one month, but has lost -10.70% on year-to-date basis. The stock’s 50-day moving average of $48.08 is above the 200-day moving average of $46.99. Moreover, the stock is currently trading at RSI of 50.66. JKS stock is surging following an IPO move.
Which IPO move JKS has made?
JinkoSolar (JKS) is one of the biggest and most imaginative sun based module producers on the planet. JKS circulates its sunlight based items and offers its answers and administrations to an enhanced global utility, business and private client base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and different nations and locales.
JKS has constructed an in an upward direction coordinated sun oriented item esteem chain, with an incorporated yearly limit of 31 GW for mono wafers, 19 GW for sun based cells, and 36 GW for sun based modules, as of September 30, 2021.
JinkoSolar (JKS) today declared that the Company’s chief working auxiliary, Jinko Solar Co., Ltd. (“Jiangxi Jinko”), has finished its initia public offering (“IPO”) process.
- JKS auxiliary additionally begun exchanging on the Shanghai Stock Exchange’s Sci-Tech development board (SSE, code: 688223) on January 26, 2022.
- Jiangxi Jinko has given 2,000,000,000 shares addressing around 20% of the absolute 10,000,000,000 shares outstanding after the IPO.
- The offers were given at a public contribution cost of RMB5.00 per share and the complete gross returns of the IPO are roughly RMB10.00 billion.
- After the IPO, JinkoSolar (JKS) possesses roughly 58.62% of Jiangxi Jinko.
- On the primary exchanging day of January 26, 2022, Jiangxi Jinko’s shares concluded at RMB10.55 per share, up 111.00% when contrasted with the IPO cost.
How this will assist JKS with developing?
As JinkoSolar (JKS) proceeds to scale and develop, approaching capital will support its intensity as the organization influences is organization and assets gathered over the course of the years to fortify its driving situation in the worldwide PV industry. Looking forward, JKS is hoping to accomplish ceaseless development and is focused on making supportable incentive for all nearby just as worldwide investors.
