Why JinkoSolar Stock Jumped 14.5% on Monday
Shares of solar panel manufacturer JinkoSolar Holding (NYSE: JKS) jumped as much as 14.5% on Monday as investor fears about import restrictions appear to be easing. The solar stock closed trading up 10.3% for the day.
Late on Friday, The Washington Post published an article that highlighted how companies like JinkoSolar had seen millions of dollars worth of solar panels being detained by Customs and Border Protection agents. The company has reportedly seen about 100 MW of product that it had made in China detained, according to Philip Shen at Roth Capital Partners, which would be worth around $25 million.
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Source Fool.com
