JinkoSolar (JKS, Financial) experienced a significant surge in its stock price shortly after the U.S. market opened, climbing over 9%. Over the past six trading sessions, the stock has increased nearly 35%. At the time of reporting, JKS was up 9.20%, trading at $28.49, with a trading volume of $23.55 million.
The company's recent disclosure on September 30 highlights positive developments contributing to this uptick. JinkoSolar mentioned that as major projects in China ramp up and improvements are made in ultra-high voltage construction and grid capacity, domestic demand is expected to steadily release. Additionally, overseas markets are maintaining stable growth. Emerging markets such as Southeast Asia and the Middle East are showing rapid growth, and the resolution of inventory and grid issues in Europe is anticipated to further accelerate market expansion.
