Pomerantz Law Firm Launches Investigation into JinkoSolar Holding Co., Investors Beware

JinkoSolar Under Investigation by Pomerantz Law Firm

Pomerantz LLP, a prominent law firm known for its expertise in corporate and securities class litigation, recently announced they are investigating claims on behalf of investors of JinkoSolar Holding Co., Ltd. This investigation follows alarming financial disclosures issued by JinkoSolar, raising concerns about potential securities fraud and other unlawful business practices.

Background of the Investigation

The issue emerged after JinkoSolar released a press statement on January 17, 2025, detailing unprecedented preliminary unaudited financial results for 2024. The figures revealed a staggering predicted net income drop of over 98%, taking estimates down to a range between 80 million yuan to 120 million yuan, equivalent to about $10.92 million to $16.37 million. Even more concerning is the expectation of a total estimated loss for the year, which is forecasted to be between 750 million yuan and 1.05 billion yuan. This drop signals significant operational and financial challenges for the company, raising red flags for current and potential investors.

JinkoSolar's financial woes did not go unnoticed. Following the release of this disheartening news, the price of its American Depositary Receipts (ADRs) witnessed a sharp decline, falling $2.30, or 9.77%, to close at $21.24 per ADR. Such volatility has prompted the questioning of JinkoSolar's business practices under the scrutiny of securities law.

Pomerantz LLP's Role

Pomerantz LLP is reaching out to affected investors to uncover whether JinkoSolar and its executives may have committed any harmful actions against their investors. Investors who believe they have been misled or affected by these decisions are encouraged to get in touch with the firm, as they may be able to participate in developing class actions aimed at addressing these grievances. Danielle Peyton is the key contact for any inquiries, available at 646-581-9980, ext. 7980.

Founded by the late Abraham L. Pomerantz—acknowledged as a pioneer in the area of class action law—Pomerantz has fought for the rights of those impacted by securities fraud for over 85 years. They have established a record recovering billions of dollars for investors through settlements and class actions.