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.
This stock is in High Growth Stocks and E-Auto auf und davon.
Best regards
Your Thomas from RockInvestment
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