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“JinkoSolar surprises with strong delivery figures!!”


The Chinese solar module manufacturer JinkoSolar reported on Tuesday October 10th, 2023 that more than 52 gigawatts of solar modules were delivered in the first nine months. The proportion of N-type modules was around 57 percent, which means significantly higher margins. JinkoSolar reports that current order backlog will exceed full-year estimates.


The company surprised everyone by announcing a dividend of $1.50 per share, which corresponds to a dividend yield of around 5 percent.


Conclusion

The share was able to stop the downward trend. If the resistance at $30 is exceeded, then it could move quite generously towards $40.



Best regards

Your Thomas from RockInvestment

Quelle: JinkoSolar

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