JinkoSolar (JKS) Gains in Pre-Market Amid Strategic Partnership with BP's Castrol

Nov 19, 2024

JinkoSolar Holding Co., Ltd. (JKS, Financial) saw its stock rise over 1.2% in the U.S. pre-market, reaching $21.44. The increase follows the announcement of a strategic cooperation framework agreement between JinkoSolar's energy storage division and Castrol, a subsidiary of BP. This partnership aims to accelerate research and application within the energy storage sector through resource sharing and technological innovation.

The agreement is designed to leverage both companies' technological strengths and market resources. JinkoSolar and Castrol plan to focus their collaboration on energy storage technology development, integrated solar storage projects, and the entire solar photovoltaic industry chain.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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