Investigation Launched by Pomerantz Law Firm on JinkoSolar Claims for Investors Seeking Recourse

Pomerantz Law Firm Investigates JinkoSolar Investors' Claims

In a significant legal development, Pomerantz LLP has announced an investigation focusing on potential claims made by investors of JinkoSolar Holding Co., Ltd. The firm, recognized for its expertise in corporate securities litigation, aims to uncover whether JinkoSolar, alongside some of its officers and directors, has engaged in securities fraud or other unlawful business activities.

Overview of JinkoSolar's Situation

JinkoSolar, a prominent player in the solar energy sector, has been under scrutiny particularly following a press release issued on January 17, 2025. In this release, the company shared preliminary unaudited financial estimates for its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. The financial outlook is stark, with projections indicating a dramatic decline in net income—expected to plummet by over 98% to figures between 80 million yuan and 120 million yuan, translating to roughly $10.92 million to $16.37 million.

Additionally, JinkoSolar foresees reporting a net loss attributable to shareholders, estimated between 750 million yuan and 1.05 billion yuan. This equates to a staggering decrease of over 100%, raising concerns about the firm’s financial stability and operational governance.

As a response to these sobering financial revelations, JinkoSolar's American depositary receipt (ADR) price took a hit, closing down 9.77% at $21.24 per ADR on the same day the financial estimates were released. This rapid decline reflects not only investor sentiment but the market's acute awareness of the implications of such financial distress.

What Are Investors Supposed to Do?

Given the volatility surrounding JinkoSolar's financial disclosures, Pomerantz LLP is encouraging affected investors to come forward. Those interested can contact attorney Danielle Peyton at [email protected] or via phone at 646-581-9980, ext. 7980. Joining a class action could be a viable path for investors who feel misled or harmed by these developments.

Pomerantz LLP: A Leader in Securities Class Actions

Founded over eight decades ago, Pomerantz LLP stands out in the realm of corporate legal affairs, especially in securities class litigation. The firm was established by Abraham L. Pomerantz, often referred to as the dean of the class-action bar. It has gained a prestigious reputation for representing victims of securities fraud and corporate misconduct, successfully procuring billions in damage awards for class members over the years.

Whether JinkoSolar will face significant legal repercussions will depend on the outcomes of Pomerantz's investigation. The results could not only affect investor compensation but also redefine the firm’s approach to transparency and regulations in the future.

Conclusion

As this investigation unfolds, investors in JinkoSolar Holding Co., Ltd. remain watchful, hoping for clarity and justice amidst complex legal considerations. The actions taken by Pomerantz LLP could potentially reshape the trajectory of investor confidence in JinkoSolar and the broader solar energy market. Stakeholders are urged to stay informed on further developments as legal proceedings evolve.

This situation underscores the critical nature of corporate governance and financial accountability in ensuring that companies uphold their obligations to investors and regulatory standards. Pomerantz LLP continues to advocate for investor rights, maintaining vigilance against corporate malfeasance.

For continuous updates, investors are recommended to monitor Pomerantz’s communications closely, as well as any announcements from JinkoSolar regarding their financial performance and corporate governance reforms.