Why JinkoSolar Stock Is Falling Today
JinkoSolar(JKS) The Motley Fool·2024-03-20 15:24
Shares of Chinese solar module manufacturer JinkoSolar Holding Co. (JKS -7.56%) 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. Jinko's no good, very bad Q4 earningsThis was a good news, ba ...