JinkoSolar Disappointed by USPTO Decision
A spokesperson for JinkoSolar (JKS) said in a statement: "The USPTO's decision not to institute review was based solely on discretionary grounds, which are wholly divorced from the merits of our challenge. While we respectfully disagree with that discretionary denial, we remain confident that when the Federal District Court considers a full, merits-based review, it will find that the First Solar patent involved is invalid." On January 20, First Solar (FSLR) announced that the Director of the United States Patent and Trademark Office denied three separate inter partes review applications seeking to invalidate the company's tunnel oxide passivated contact patents through a review process. The IPRs were filed by JinkoSolar, Mundra Solar, and Canadian Solar (CSIQ) in 2025, and were declined on November 20, December 11, and December 18, respectively, according to First Solar.
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- Stock Surge: JinkoSolar (JKS) shares are climbing about 10% in Wednesday morning trading, currently priced at $28.18, reflecting a 10.86% increase from the opening price of $28.11, indicating strong market confidence following the certification announcement.
- Certification Achievement: The company's North American business unit has received IEC 62443-2-4 certification from exida, a globally recognized authority in industrial cybersecurity, which signifies adherence to best practices in secure development lifecycle processes for industrial automation and control systems.
- Trading Volatility: During today's session, JinkoSolar's stock reached a high of $30.55, with a yearly trading range between $13.42 and $31.88, showcasing investor optimism regarding the company's growth potential.
- Market Impact: The IEC 62443-2-4 certification not only enhances JinkoSolar's credibility within the industry but also strengthens its competitive position in the North American market, potentially driving future business growth and bolstering investor confidence.

No Cooperation with Teams: Jinko Solar has stated that it has not engaged in any cooperation with teams linked to Elon Musk.
No Signed Agreements: The company has confirmed that it has not signed any framework agreement or formal agreement related to such cooperation.
- Musk Team Visit: JinkoSolar confirmed a visit from a team sent by Elon Musk, indicating potential collaboration opportunities in the U.S. 100 GW solar cell capacity plan, which could drive new market growth for the company.
- Strong Market Reaction: JinkoSolar's stock surged to the daily limit of 20% in Shanghai trading, reflecting strong investor optimism about the company's future prospects, which also boosted shares of related firms like Trina Solar and LONGi Green Energy.
- Industry Protection Policies: Despite tariffs protecting the U.S. market from cheaper solar products from China and Southeast Asia, several U.S. producers maintain links with Chinese manufacturers, potentially providing JinkoSolar with opportunities for expansion in the U.S. market.
- Photovoltaic Industry Outlook: With Musk's plans driving growth in the U.S. solar market, JinkoSolar and its competitors may benefit from changes in this policy environment, positioning themselves more favorably in the global photovoltaic industry.
- Cybersecurity Certification: JinkoSolar's North American business unit has received IEC 62443-2-4 certification, indicating that cybersecurity is embedded in the secure development lifecycle for industrial automation and control systems, ensuring the safety of product design, development, and management.
- Secure Design Philosophy: Unlike other companies, JinkoSolar has adhered to a 'secure by design' philosophy since the inception of its ESS business, continuously increasing investments in cybersecurity governance and engineering to meet the rigorous demands of energy infrastructure.
- System Integration and Maintenance: The certification validates that JinkoSolar implements a formal, audited secure development lifecycle that includes threat modeling, risk assessment, and secure supply chain management, ensuring compliance with the stringent standards required by utilities and enterprise customers in high-risk environments.
- Enhanced Customer Confidence: By achieving IEC 62443-2-4 certification, JinkoSolar demonstrates to utilities and enterprise customers that security is ingrained in every step of their service lifecycle, thereby enhancing customer confidence in its products and services.
- Stock Surge: Shares of JinkoSolar surged by 20% in early trading after reports of Musk's team visiting Chinese photovoltaic suppliers, reflecting market optimism about potential partnerships and demand boosts.
- Technological Focus: The Musk team's interest in heterojunction and perovskite technologies, which aim to enhance solar cell efficiency, could lead to significant cost reductions if manufacturing hurdles are overcome, thereby driving industry innovation.
- Market Dynamics: Despite the stock rally, analysts noted that the surge was primarily driven by market sentiment and short-covering rather than fundamental changes in company performance, indicating ongoing investor concerns about energy bottlenecks.
- Future Outlook: JinkoSolar aims to build over 12 gigawatts of solar capacity in Southeast Asia by 2030, and despite facing price declines and oversupply challenges, the long-term outlook remains positive, showcasing the company's strategic positioning in the global solar market.
- Earnings Beat: Booz Allen Hamilton reported an adjusted EPS of $1.77 for Q3, surpassing the analyst consensus of $1.29, indicating strong profitability despite a 10.2% year-over-year sales decline.
- Sales Decline: The company's quarterly sales totaled $2.62 billion, missing the street view of $2.75 billion, reflecting challenges in the market environment that may impact future growth strategies.
- Stock Surge: Booz Allen's shares jumped 9.8% to $105.09 on Friday, demonstrating a positive investor reaction to the earnings beat, which bolstered market confidence.
- Mixed Market Performance: While the Dow Jones fell around 200 points, Booz Allen's strong performance contrasted with broader market trends, highlighting stock resilience and selective investor preferences.










