JinkoSolar Holding Q1 Shipments 21,907 MW, down 21.6% Q/Q & Up 51.2% Y/Y
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding reported Q1 shipments of 21,907 MW, marking a 21.6% decrease from the previous quarter but a 51.2% increase year-over-year.
April 29, 2024 | 10:54 am
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NEUTRAL IMPACT
JinkoSolar's Q1 report shows a mixed performance with shipments down 21.6% from the last quarter but up 51.2% from last year.
The decrease in shipments from the previous quarter could concern investors, potentially impacting JKS's stock price negatively in the short term. However, the significant year-over-year growth indicates strong demand and could offset negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100