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JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

RTTNews | 1528 days ago

JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

(RTTNews) - Chinese solar module manufacturer JinkoSolar Holding Co., Ltd. (JKS) announced Wednesday that its board of directors has approved a share repurchase program, which authorizes the Company to repurchase up to $200 million of its ordinary shares represented by American depositary shares (ADSs) during an 18-month period.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.

The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act, as well as JinkoSolar's insider trading policy. JinkoSolar plans to use its existing funds to fund repurchases made under the share repurchase program.

Tags: JKS

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JinkoSolar Q1 Profit Declines - Update

JinkoSolar Q1 Profit Declines - Update

JinkoSolar Holding Co., Ltd. (JKS) reported Monday that net income attributable to the company's ordinary shareholders for the first quarter declined to RMB609.40 million or US$84.40 million from RMB788.65 million in the prior-year quarter. Earnings per ADS were RMB5.36 or US$0.74, compared to RMB14.95 last year.

RTTNews | 865 days ago

JinkoSolar Slips To Loss In Q2

JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.

RTTNews | 1477 days ago

Canadian Dollar Falls As Oil Prices Edge Lower

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.

RTTNews | 14 minutes ago

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.

RTTNews | 46 minutes ago

UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.

RTTNews | 59 minutes ago

French Stocks Rise On Oil Price Drop, Middle East Concerns Persist

French Stocks Rise On Oil Price Drop, Middle East Concerns Persist

French equities recovered Friday with the CAC 40 rising to 8,167.27 points after the IEA lowered its global oil demand forecast. Brent crude futures declined 3.5% to $104.00 a barrel.

RTTNews | 1h 28min ago

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory.

RTTNews | 1h 55min ago

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German stocks moved higher on Friday, recovering from losses posted in the previous two sessions, as oil prices fell sharply following the International Energy Agency (IEA) revising downward its world oil demand forecast for the year.

RTTNews | 2h 11min ago

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