JinkoSolar Has Repurchased 4.5M ADSs In An Aggregate Amount Of Approximately $110.7M In The Open Market Under Its Share Repurchase Program Announced In July 2022 And The Extended Share Repurchase Program Announced In December 2023
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar has repurchased 4.5 million ADSs for approximately $110.7 million in the open market under its share repurchase programs announced in July 2022 and extended in December 2023.
June 27, 2024 | 10:11 am
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JinkoSolar has repurchased 4.5 million ADSs for approximately $110.7 million in the open market under its share repurchase programs announced in July 2022 and extended in December 2023.
The repurchase of shares typically indicates that the company believes its stock is undervalued, which can be a positive signal to investors. This action can also reduce the number of shares outstanding, potentially increasing the value of remaining shares.
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