Nuveen Increases JinkoSolar Holding Co., Ltd. (JKS) Amid $300M Share Sale

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is among the most undervalued solar stocks to buy now. In the first quarter, Nuveen LLC raised its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) through the purchase of 32,100 shares, valued at approximately $598,000. According to the recent disclosure with the SEC, the global asset management firm now owns 0.06% of the company.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has announced plans to sell 300.2 million A shares of Jiangxi Jinko, the company’s principal operating subsidiary, in an attempt to raise funds. Priced at no less than 70% of Jiangxi Jinko’s average trading price over the past 20 trading days, the shares are offered to qualified institutional investors.

As cited by Mr. Xiande Li, chairman and CEO of JinkoSolar Holding Co., Ltd. (NYSE:JKS),

“We believe that the sale of A Shares will strengthen our cash flows, improve our cash position, support our ongoing business operations, and enhance our resilience to risks. Meanwhile, it allows us to preserve the capacity for future shareholder returns, reinforcing long-term shareholder value.”

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a Chinese company that develops and markets photovoltaic products. Founded in 2006, the company provides solar system integration services, energy storage systems, and solar power generation and solar system EPC services.

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Disclosure: None.