HomeFinancial MarketsJinkoSolar Holding Company Ltd. (JKS) stock gains during pre-market trading. Here’s what’s...

JinkoSolar Holding Company Ltd. (JKS) stock gains during pre-market trading. Here’s what’s happening?

JinkoSolar Holding Company Ltd. (NASDAQ: JKS) stock declined by 5.96% at the last close whereas the JKS stock price gains by 6.10% in the pre-market trading session. JinkoSolar is one of the world’s biggest and most creative solar module producers. JinkoSolar sells and distributes solar equipment and solutions to a wide range of worldwide utility, business, and residential customers.

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JKS Stock Current update

Wacker Chemie AG has secured a long-term polysilicon supply deal with JinkoSolar Holding’s primary operational subsidiary, Jinko Solar Ltd. Wacker will provide Jinko Solar Co., Ltd. with about 70,000 tons of polysilicon from September 2021 to December 2026, according to the deal. The buying price will be determined by market conditions. Wacker will hold the agreed-upon capacity for Jinko Solar Ltd. and supply polysilicon from its German and US manufacturing locations.


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JKS Stock Other significant development

TÜV Rheinland (China) Ltd granted JinkoSolar Holding the first solar module LCA certificate in the Greater China area, and the company also passed the Italian EPD certification. The approved modules are monocrystalline mainstream modules, with a total of 6 series and 43 sub-models. It is presently the only local project to have achieved the Italian EPD photovoltaic certification with the most items at the same time.

TUV Rheinland’s LCA certificate is a crucial basis for the Italian EPD certification. It uses a life cycle assessment method based on ISO 14040/ISO 14044 demands, related to the environmental effect such as global warming factor, from raw material mining to a silicon wafer, cell, and module production, upstream and downstream transportation, power plant construction, operation, and servicing, and final disassembling and removal. It also assesses and illustrates the numerous environmental consequences of JinkoSolar’s photovoltaic products over the course of their life cycle index.

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Furthermore,

This certification, which combines global carbon neutrality goals with China’s local 30/60 decarbonization target, can assist businesses in meeting their carbon emission reduction goals. It may be possible to reach the ultimate aims of energy-saving and emissions reduction through identifying low-carbon product design, optimal energy management systems, and increased energy efficiency, as well as social responsibility for emissions and ecological effect.

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