JinkoSolar Holding Co Ltd (NYSE:JKS) shares are trading higher after the Shanghai, China-based company reported first-quarter fiscal 2024 results. JKS's Q1 revenue decreased 1.2% year-over-year to $3.19 billion, missing the consensus of $3.25 billion. Quarterly shipments increased 51.2% Y/Y to 21,907 MW (19,993 MW for solar modules and 1,914 MW for cells and wafers). See Also: Solar Energy Broke Records In 2023, Why Are Shares Tumbling? Gross margin for the quarter stood at 11.9%, compared to 17.3% in Q1 2023, reflecting decreases in the average selling price of solar modules. Loss from operations was RMB339.6 million ($47.0 million), compared to RMB1.21 billion income from operations in the first quarter of 2023.  JinkoSolar Adjusted net income was ...