Jinkosolar valuation soars on Chinese market debut
Solar panel manufacturer’s bullish Shanghai listing reflects Chinese investors’ growing confidence in renewables sector
Jinkosolar, one of China’s top solar panel manufacturers, has seen its valuation more than double following an initial public offering in Shanghai this month. The bullish market debut reflects a growing view among Chinese investors that solar firms and other renewable energy companies will be key beneficiaries of the Chinese government’s commitment to carbon neutrality before 2060, analysts say. Jinko’s impressive market debut in Shanghai gave it a valuation of about RMB105.5bn ($16.6bn), dwarfing the implied $1.92bn valuation in New York, where it listed in 2010. The premium for Jinko’s Shanghai listing is understandable given the 15-year-old company’s commanding position in the global sola
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology