Levi & Korsinsky Investigating Potential Fraud at JinkoSolar Holding Co.

Law firm launches probe into solar company's earnings guidance and financial reporting.

Apr. 16, 2026 at 9:20pm

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Levi & Korsinsky, a nationally-recognized securities litigation firm, has commenced an investigation into potential violations of federal securities laws by JinkoSolar Holding Co., Ltd. (NYSE: JKS). The investigation follows the company's Q4 2025 earnings report, which showed a 34% year-over-year revenue decline and a $214.5 million GAAP net loss, a stark contrast to the positive outlook management had projected just months earlier.

Why it matters

The discrepancy between JinkoSolar's forward guidance and its actual financial results has left investors who purchased shares at prices reflecting an improving margin trajectory facing significant losses. Levi & Korsinsky's investigation aims to determine if the company's statements and financial reporting were misleading or fraudulent, which could lead to potential legal action and recovery of investor losses.

The details

During JinkoSolar's Q1 2025 earnings call, CFO Charlie Cao told analysts that the company expected gross margins to improve in the second quarter due to rising module prices and increased demand. However, the company also acknowledged that average selling prices were under pressure and that a 145% U.S. tariff on Chinese solar goods was already under discussion. By Q4 2025, the company reported a 34% year-over-year revenue decline and a $214.5 million GAAP net loss, a significant departure from the positive outlook management had provided earlier.

  • On April 29, 2025, JinkoSolar held its Q1 2025 earnings call.
  • In Q4 2025, JinkoSolar reported a 34% year-over-year revenue decline and a $214.5 million GAAP net loss.

The players

Levi & Korsinsky LLP

A nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases.

JinkoSolar Holding Co., Ltd.

A Chinese solar energy company that manufactures and distributes solar modules, cells, and related products.

Charlie Cao

The CFO of JinkoSolar's principal operating subsidiary, Jinko Solar Co., Ltd.

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What they’re saying

“We expect the gross margin to improve and slightly in the second quarter given the module price reaching upward trend with the push demand from China and other regions.”

— Charlie Cao, CFO, Jinko Solar Co., Ltd.

What’s next

Levi & Korsinsky will continue its investigation into potential violations of federal securities laws by JinkoSolar Holding Co., Ltd. and may take legal action on behalf of aggrieved investors to recover their losses.

The takeaway

This case highlights the importance of scrutinizing corporate earnings guidance and financial reporting, as discrepancies between projections and actual results can leave investors vulnerable to significant losses. Levi & Korsinsky's investigation aims to hold JinkoSolar accountable and potentially recover funds for shareholders who were misled.