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Stock Market & Financial Investment News

News Breaks
November 9, 2012
05:30 EDTJKSJinkoSolar comments on final ITC rulings on imported Chinese solar products
JinkoSolar Holding commented on the final determination of injury by the U.S. International Trade Commission, or USITC, concerning the anti-dumping duty, or AD, and countervailing duty, or CVD, investigation of imports of crystalline silicon photovoltaic cells and modules from the People's Republic of China. The USITC finally determined that imports of crystalline silicon photovoltaic cells and modules from China "materially injure" a U.S. industry, but the USITC did not make an affirmative determination regarding critical circumstances. As a result, the Company will face AD at 15.42% and CVD at 15.24% for the cells and modules imported into the U.S. after the respective date of the preliminary determinations on AD and CVD were issued by the Department of Commerce. Chairman Xiande Li commented: "We are disappointed with the ITC's final determination on the injury. While the decision was partially favorable to us, we believe that this ruling will have negative effects globally and will ultimately end up hurting consumers. Trade protectionism benefits no one and will only hinder the solar market's development. Despite the circumstances, we remain fully committed to our customers in the U.S. and are prepared to meet our contractual commitments there. As we have stated before, these tariffs are unlikely to have an impact on our business as the U.S. continues to account for a fairly small percentage of our total module shipments. We are still strongly dedicated to the success of JinkoSolar in the U.S.."
News For JKS From The Last 14 Days
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April 16, 2014
07:04 EDTJKSJinkoSolar connects two solar PV projects totaling 39MW in Jiangsu Province
JinkoSolar announced that its 24MW solar PV power plant in Xinyi, Jiangsu Province and 15MW solar PV power plant in Lianyungang, Jiangsu Province were successfully connected to the grid. The company has so far successfully connected to the grid for more than 252 MW of solar PV power projects. The 24MW Xinyi and 15MW Lianyungang power plants were granted blended 20-year subsidies of 1.125 RMB/KWh and 1.1 RMB/KWh, respectively, including subsidies from the local government.
April 8, 2014
10:03 EDTJKSOn The Fly: Analyst Initiation Summary
1st United Bancorp (FUBC) initiated with a Neutral at Macquarie... Avista (AVA) initiated with a Fair Value at CRT Capital... Castlight Health (CSLT) initiated with a Neutral at Goldman... Cempra (CEMP) initiated with an Equalweight at Barclays... Coca-Cola (KO) initiated with a Buy at BTIG... JinkoSolar (JKS) initiated with an Overweight at Barclays... Lumenis (LMNS) initiated with a Buy at Goldman... National Retail Properties (NNN) initiated with an Overweight at Morgan Stanley... PepsiCo (PEP) initiated with a Buy at BTIG... Realty Income (O) initiated with an Underweight at Morgan Stanley... Teekay (TK) initiated with an Outperform at Raymond James... Twitter (TWTR) initiated with a Buy at Janney Capital... Realogy (RLGY) initiated with an Outperform at RBC Capital... Bristow Group (BRS) initiated with an Outperform at Clarkson Capital... Era Group (ERA) initiated with an Outperform at Clarkson Capital... Endurance (EIGI) initiated with a Buy at Craig-Hallum... Tutor Perini (TPC) initiated with an Overweight at Stephens... MannKind (MNKD) initiated with an Outperform at Brinson Patrick... TriCo Bancshares (TCBK) initiated with an Outperform at Fig Partners... Achaogen (AKAO) initiated with an Outperform at Cowen.
07:05 EDTJKSJinkoSolar signs distribution agreement with PROINSO India
JinkoSolar Holding announced that it has signed a distribution agreement with PROINSO India. According to the terms of the agreement, PROINSO will begin distributing JinkoSolar solar PV modules through its extensive sales network in India. PROINSO will make use of its Mumbai office, experienced professionals who staff it, and 125 qualified installers who form part of its network in India.
05:56 EDTJKSJinkoSolar initiated with an Overweight at Barclays
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April 3, 2014
07:03 EDTJKSJinkoSolar signs $39M loan agreement with China Development Bank
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