JinkoSolar Holding Co., Ltd.

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of JinkoSolar Holding Co., Ltd. (NYSE: JKS) resulting from allegations that JinkoSolar may have issued materially misleading business information to the investing public.

If you purchased JinkoSolar securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased JinkoSolar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On May 9, 2023, before trading hours, the Jacksonville Daily Record published an article entitled “Federal agents issue search warrant at JinkoSolar plant in Cecil Commerce Center: Homeland Security said it is part of an ongoing investigation; the factory, whose parent company is in China, opened in Jacksonville in 2018.” The Jacksonville Daily Record reported that “[a]ccording to the Federal Bureau of Investigation, federal agents were assisting the Department of Homeland Security with the execution of a search warrant.” Further, the article cited WJXT News4Jax, stating that JinkoSolar is one of several companies under investigation by the U.S. Commerce Department for circumventing trade rules by sending products to other countries before moving them to the U.S.

On this news, JinkoSolar’s American depositary receipt (“ADR”) price fell $3.91 per ADR, or 8%, to close at $43.47 per ADR on May 9, 2023, on unusually heavy trading volume.

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Company Name: JinkoSolar Holding Co., Ltd.
Stock Symbol: JKS
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

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