Jinkosolar Says It Repurchased A Total Of 5,596,739 ADS In An Aggregate Amount Of Approximately $134.5M In The Open Market Under Its Share Repurchase Program
Portfolio Pulse from Nabaparna Bhattacharya
Jinkosolar has repurchased a total of 5,596,739 American Depositary Shares (ADS) for approximately $134.5 million in the open market as part of its share repurchase program.
August 30, 2024 | 10:01 am
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Jinkosolar has repurchased 5,596,739 ADS for $134.5 million, indicating a strong commitment to its share repurchase program.
The repurchase of shares typically indicates that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The significant amount of $134.5 million suggests a strong commitment to enhancing shareholder value.
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