JKS
New ownership, same solar panels
JinkoSolar is handing the steering wheel of its U.S. manufacturing business to FH Capital, which agreed to buy a 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. JinkoSolar isn’t fully walking away, though — it’ll still hold onto a 24.9% minority stake, so it’s more “new majority owner” than “goodbye forever.”
Why investors should care
This isn’t just a paperwork shuffle. The deal transfers control of a state-of-the-art 2 GW solar module manufacturing facility, which is exactly the kind of asset that can matter when the market is obsessed with domestic production, supply-chain resilience, and clean-energy manufacturing getting a hometown advantage.
For JinkoSolar, the move could reshape how it plays in the U.S. market without completely exiting the party. For FH Capital, it’s a bet on building out a premier domestic solar and BESS platform, which sounds a lot like the clean-energy version of putting together your own superteam.
The bigger picture
If this deal closes and gets traction, it could change how investors think about JinkoSolar’s U.S. footprint: less direct control, but still meaningful exposure. In a market where policy, tariffs, and local manufacturing incentives can move the goalposts fast, that balance may end up being the whole story.
Big picture: JinkoSolar is swapping majority control for strategic optionality — and in clean energy, that can be a pretty savvy trade.