JinkoSolar Holding Co., Ltd. (JKS) experienced a significant surge of 18.06% during intraday trading on Wednesday. The solar energy company's stock showed remarkable strength as trading progressed through the session.

The sharp increase follows initial reports from Chinese state-backed media that JinkoSolar was visited by a team associated with Elon Musk, suggesting potential business discussions or collaborations in the solar energy sector. This news sparked considerable investor excitement, with pre-market trading already showing substantial gains on the speculation.

However, JinkoSolar later issued a clarification stating that the company has not engaged in any cooperation with teams linked to Elon Musk, nor has it signed any framework agreement or formal agreement. Despite this clarification, the stock maintained its upward momentum throughout the trading session, indicating sustained investor interest in the company's potential in the solar energy market.