JinkoSolar upsizes and extends share repurchase program
Contributor since / Followers
Robert Way
-
JinkoSolar (NYSE:JKS) said that its board of directors approved the upsizing and extension of its existing share repurchase program.
-
On December 10, 2024, they upsized the existing share repurchase program from $200M to $350M.
-
In addition, the Board has also approved to extend the existing share repurchase program for an additional 12-month period through June 30, 2026.
-
Under the extended share repurchase program, the company may repurchase up to ~$215.5M of its Class A ordinary shares represented by the ADSs through June 30, 2026.
-
“The upsizing and extension of the Existing Share Repurchase Program further reflect our continued confidence in our long-term business growth.” said Mr. Xiande Li, JinkoSolar’s Chairman and CEO.
-
The stock price dropped 1.3% on Tuesday during after market hours of trading.