JinkoSolar shares surge on STAR Market debut

Facebook
Twitter
LinkedIn
Reddit
Email
Robot assembly at one of JinkoSolar’s production facilities. Image: JinkoSolar.

Shares in ‘Solar Module Super League’ (SMSL) member JinkoSolar’s operating subsidiary surged on the company’s Shanghai stock market debut, closing at more than double their listing price.

The company’s Jiangxi Jinko subsidiary listed on Shanghai’s Sci-Tech Innovation board, or STAR Market, today, with Jinko issuing 2 billion shares in the subsidiary at an opening price of RMB5 (US$0.79) each.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The listing therefore raised gross proceeds of around RMB10 billion (US$1.58 billion), which the manufacturer is set to invest in manufacturing and R&D facilities based in Haining, Zhejiang Province, China.

But the share price surged during Jinko’s opening day of trading, rising to a high of RMB11.95 (US$1.89) before closing at RMB10.55 (US$1.66), more than double Jinko’s opening price.

That closing price gives the subsidiary a market capitalisation, or value, of US$16.69 billion. By means of comparison, the market cap of JinkoSolar Holding, the entity listed on the New York Stock Exchange, currently stands at just under US$2 billion.  

Xiande Li, CEO at JinkoSolar, paid testament to the work of the company’s team in reaching the milestone “so efficiently”.

“As we continue to scale and grow, having access to capital will boost our competitiveness as we leverage our network and resources accumulated over the years to strengthen our leading position in the global PV industry,” he said.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 6, 2025
Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.
June 5, 2025
Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.
June 5, 2025
Policy uncertainty in the US is likely to disrupt investment in clean energy, according to a recent report from Crux.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).
June 4, 2025
Tariffs on US imports will increase the cost of US solar PV and energy storage technologies and slow the rate of project development, according to analysis from Wood Mackenzie.
June 3, 2025
US independent power producer (IPP) Silicon Ranch has invested US$3 million in autonomous robotics company Swap Robotics.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece