JinkoSolar recognized among top 500 private companies for invention patents and R&D investment

JinkoSolar (NYSE:JKS) is diversifying into AI and other high-tech industries, dropping 'solar' from its name. The company invested 400 million yuan in eight startups, including AI firms. Its solar business revenue declined 31.3% YoY to 12.4 billion yuan in Q2 2024, with a net loss of 697 million yuan. The stock fell 8% post-announcement, trading at an 8-year low. Daqo New Energy (NYSE:DQ) also pivoted to AI-related sectors, with shares down 30% since the announcement.

JinkoSolar's Tiger Neo 3.0 module has received over 30 GW in global orders since its November 2023 launch, making it one of the top-selling panels. Orders span multiple regions, showcasing confidence in the company's N-type technology. The module exceeds Class 1 energy efficiency standards with 24.8% efficiency and 85% bifaciality ratio, offering high reliability and economic value.

NetApp (NTAP) shares dropped 8.2% in pre-market trading despite beating Q1 earnings and revenue estimates. Other stocks moving lower include Ultragenyx (RARE), Methode Electronics (MEI), and Hewlett Packard Enterprise (HPE).

JinkoSolar (JKS) reported a 31.3% revenue decline to $1.82B and a wider net loss. Despite this, the company is expanding into storage, high-efficiency manufacturing, and investments. Panel shipments rose 16.7% sequentially, and energy storage shipments increased significantly. However, margins shrank due to falling panel prices and rising production costs, with gross margin dropping to 4.2%.

JinkoSolar reported Q2 2026 revenue of $1.82B, down 31% YoY but up 0.9% QoQ. The company cut its 2026 shipment forecast to 60-70 GW, focusing on higher-value products and storage. It plans to reduce capital spending and use joint ventures for overseas manufacturing. Energy storage is growing, with 3.1 GWh shipped in H1 2026. JinkoSolar is targeting AI data centers and shifting strategy to prioritize profitability over volume.

JinkoSolar (JKS) reported Q2 2026 earnings, noting supply-demand imbalances and policy shifts affecting profitability. Gross margin decreased, but net loss expanded. The company is optimizing operations, focusing on high-efficiency products, and expects profitability recovery. JKS plans 40 GW of TOPCon 3.0 capacity by year-end, with guidance for 60-70 GW module shipments, 60% being high-efficiency. Energy storage system shipments are expected to double YoY. Investments in AI and other technologi