Has the sun risen for a long time for the JinkoSolar business?

Shares of solar panel manufacturer JinkoSolar Holding Co., Ltd. (JKS) have risen 50.52% since the beginning of the year to $69.18 at the auction on June 30. There are several reasons for this growth, but one factor is the most significant and essential for long-term investors. As previously noted, JinkoSolar is a global company that is a major supplier of solar modules and is expanding production. 

JinkoSolar solar panels are competitive in terms of characteristics, and the new Tiger Neo series surpasses the competitors’ offers in several parameters. The JinkoSolar Tiger Neo panels have a maximum power of 620 watts with an efficiency of more than 22%. Recall that the larger and more powerful the meetings, the less time and installation costs are required; namely, assembly is the most expensive part of the construction process of a large solar power plant. 

An essential advantage of JinkoSolar is the company’s ability to supply solar panels in large quantities. While increasing production, the company removes the last argument from renewable energy opponents. We are talking about the so-called RE100 plants, that is, industries that are fully provided with green energy and have a zero or negative carbon footprint. JinkoSolar opened its first RE100 plant in June 2022 in Malaysia. It can produce up to 7 GW of panels per year, and its solar panels and solar energy are from utility companies. 

For JinkoSolar, the RE100 plants are an important milestone that will attract companies seeking to make their business carbon-neutral. Now JinkoSolar can call its panels entirely environmentally friendly. The company will likely continue to expand its production scale following the RE100 concept. It is the large—scale production, striving for zero emissions, that is the main positive factor of JinkoSolar.