Plus   Neg

JinkoSolar Issues Outlook - Quick Facts

JinkoSolar Holding Co., Ltd. (JKS) said, for the first quarter, the company projects total solar module shipments to be in the range of 3.4 GW to 3.7 GW. Total revenue is expected to be in the range of $1.00 billion to $1.08 billion. Gross margin is expected to be between 19% and 21%.

JinkoSolar said the outbreak of COVID-19 is not expected to have any material adverse impact on operations. The company reiterated full year 2020 shipment guidance and capacity expansion plans. For full year 2020, the company estimates total solar module shipments to be in the range of 18 GW to 20 GW.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
JetBlue Airways said it will continue to block middle seats in rows where passengers are not traveling together through the July 4 holiday. JetBue will block middle seats on its Airbus aircraft, while it will block aisle seats on its smaller Embraer 190 aircraft. Customers traveling together will be allowed to sit in the middle and aisle seats. The U.S. Food and Drug Administration or FDA announced on its website that New Hoque and Sons, Inc. is recalling Radhuni Curry Powder distributed in New York City, New York due to potential Salmonella contamination. The recall was made after it was found that the finished products contained several strains of Salmonella, the company said. General Motors is reopening its plants in Mexico after it received approval from the Mexican government to restart operations in the country, according to reports. The automaker had suspended its operations in Mexico in the third week of March due to the coronavirus pandemic. GM's Mexican manufacturing facilities are important as they supply critical parts for its plants in the U.S.
Follow RTT