Why Shanghai-Based Photovoltaic Company JinkoSolar’s Shares Are Skyrocketing Today

JinkoSolar Holding Co Ltd (NYSE:JKS) reported third-quarter FY23 revenue growth of 63.1% year-on-year to $4.36 billion, beating the consensus of $4.19 billion.

The company stated that the revenue increase is attributable to the increases in the shipment of solar modules due to the increasing demand in the global market.