Why JinkoSolar Stock Is Falling Today
Shares of Chinese solar module manufacturer JinkoSolar Holding Co. (NYSE: JKS) sank 7.7% through 10:30 a.m. ET Wednesday after missing earnings badly in its fourth-quarter financial report.
Analysts had high hopes for Jinko, expecting the company to report $2.50 per share in profit on $4.3 billion in sales for the quarter. Jinko exceeded expectations for sales, reporting $4.6 billion, but profits came in way short of estimates at $0.02 per share.
This was a good news, bad news report for JinkoSolar. On the one hand, the company shipped 78.5 gigawatts' worth of solar modules in 2023, a 76% increase that made the company "first in the industry" for volume of solar product shipped. Q4 shipments grew 68% year over year to 27.9GW.
Source Fool.com
JinkoSolar Holding Co. Ltd. ADR Aktie
Leichte Kaufstimmung für JinkoSolar Holding Co. Ltd. ADR: Mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 24 € für JinkoSolar Holding Co. Ltd. ADR deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 13.14 € an.
