Stock Track | JinkoSolar Soars 18.06% Intraday on Reports of Elon Musk Team Visit and Subsequent Clarification

Stock Track
Feb 04

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10