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Why JinkoSolar Stock Just Dropped 5%
JKSJinkoSolar(JKS) The Motley Fool·2024-06-25 16:25

News headlines pose problems for JinkoSolar, but its biggest problems are debt and a lack of free cash flow.Shares of China's JinkoSolar Holding (JKS -4.63%) tumbled 5.5% through 11 a.m. ET Tuesday on a couple of disturbing international news reports. First, in China, Caixin Global reports China's National Energy Administration is taking steps "to slow the breakneck expansion of the country's solar industry," in particular by curbing "low-end" solar production. Meanwhile, Bloomberg reports India is "pushing ...