#United States #New York #Securities Fraud #Pomerantz LLP #JinkoSolar

Investor Alert: Pomerantz Law Firm Investigates JinkoSolar Investors

On February 18, 2025, Pomerantz LLP announced that they are investigating claims made on behalf of investors in JinkoSolar Holding Co., Ltd. (NYSE: JKS), a significant player in the solar energy industry. This investigation arises from concerns that the company and certain officers or directors may have been involved in unlawful business practices or securities fraud.

The firm has urged investors who believe they have been affected to reach out for further assistance. Danielle Peyton from Pomerantz provided contact details for affected individuals, emphasizing the importance of taking proactive steps in light of recent developments.

Context of the Investigation

The impetus for this probe stems from JinkoSolar's troubling press release issued on January 17, 2025. Within this statement, the company shared preliminary unaudited financial results for its primary subsidiary, Jinko Solar Co., Ltd. The figures hinted at a drastic drop in performance; JinkoSolar estimated a potential net income between 80 million yuan and 120 million yuan (approximately $10.92 million to $16.37 million) for 2024, signaling a shocking decline of over 98%.

Additionally, the company projected a considerable net loss attributable to its shareholders, estimating losses to reach between 750 million yuan and 1.05 billion yuan. This represented a staggering decrease of 100.8% to 115.2%, raising numerous red flags regarding the company’s financial health and management's capacity to steer its operations effectively.

On the backlash of this financial news, JinkoSolar’s American depositary receipt (ADR) saw a sharp decline, plummeting $2.30, equating to a 9.77% drop, closing at $21.24 on the day of the report. This market reaction underscores the immediate concern investors have regarding the financial integrity of JinkoSolar.

About Pomerantz LLP

Pomerantz LLP is widely recognized as a leading firm specializing in corporate, securities, and antitrust class action litigation. Established by Abraham L. Pomerantz, a pioneering figure in class action legal representation, the firm has been influential in championing the rights of victims affected by securities fraud and other corporate misconduct. With offices located in major cities including New York, London, and Tel Aviv, Pomerantz has successfully recovered billions in damages for its clients through its storied history of litigation.

Investors are encouraged to familiarize themselves with their rights and the implications of this investigation. Such proactive measures could be vital for those seeking accountability from corporate entities in financial distress. The legal firm has made it clear that past results do not guarantee future outcomes, but it stands prepared to advocate vigorously for impacted investors.

As this investigation unfolds, stakeholders within the solar energy sector and investment community will likely be keeping a close watch on further developments and the potential for broader ramifications concerning corporate governance and investor trust in the industry.

For more information or to join the class action, those affected should consider reaching out to the contact provided by Pomerantz LLP.