JinkoSolar (JKS) shares are soaring 7.09% in Wednesday's trading session, riding on the wave of positive news from China's solar energy sector. The stock's significant uptick comes as reports reveal China's remarkable progress in solar power installations, underscoring the country's commitment to renewable energy and potentially boosting prospects for solar panel manufacturers like JinkoSolar.

According to recent data presented at a Beijing conference, China's cumulative installed solar capacity has exceeded 1.1 billion kilowatts as of July 2025, marking an impressive 50.8% year-over-year increase. This milestone highlights China's rapid advancement in solar energy adoption and its pivotal role in the global transition to green and low-carbon energy sources.

The "One Billion Kilowatts, Marching Toward Light – 2025 China Solar Construction Progress Report" further illustrates the remarkable growth of China's solar industry over the past decade. From 2013 to 2024, China's installed solar capacity experienced a staggering 56-fold increase, growing from 15.89 million kilowatts to 880 million kilowatts, with an average annual growth rate of 44%. Moreover, solar power's contribution to China's total electricity generation capacity has surged from a mere 1.41% to a substantial 26.48% during this period, cementing its position as a key player in the country's energy mix.