- JinkoSolar Holding Co Ltd (NYSE:JKS) reported second-quarter FY22 revenue growth of 137.6% year-on-year to $2.81 billion, beating the consensus of $2.28 billion.
- Higher shipment of solar modules drove the feat.
- Quarterly solar module shipments rose 102.4% Y/Y to 10,532 MW (10,183 MW for solar modules, 349 MW for cells and wafers).
- The gross margin contracted 240 basis points to 14.7% due to the higher material cost of solar modules.
- Loss per ADS was $(1.88). Operating margin loss was (1.5)% as it recorded an operating loss of $(43.2) million.
- It held $2.15 billion in cash and equivalents.
- Guidance: The company sees Q3 shipments of 9.0 GW – 10.0 GW.
- For the full year of 2022, the shipments will lie between 35.0 GW – 40.0 GW.
- Price Action: JKS shares traded higher by 1.88% at $59.75 in the premarket on the last check Friday.
Salary Spectrum: Here’s How Much Money You Need Just To ‘Get By’ In Each US State
The salary required to "get by" is vastly different depending on which state you live in. In some states, you can make less than $50,000 a year and be just fine. In others, you need to make more than $100,000.
