Why JinkoSolar Fell Today
Shares of (NYSE: JKS) fell hard on Thursday along with the rest of the solar sector, with Jinko down as much as 6.2% before recovering to a 4.3% decline on the day.
The entire solar sector took a hit today, perhaps due to marketwide uncertainty over interest rates and inflation, which tends to heavily affect solar stocks. However, the bulk of the declines were likely due to comments by President Trump, who threatened to stop any solar project approvals in the U.S. going forward.
In a post on his social media platform Truth Social, President Trump posted on Wednesday:
Source Fool.com
JinkoSolar Holding Co. Ltd. ADR Stock
€21.50
-1.830%
The sentiment is rather negative at the moment with 6 Sell predictions and 2 Buy predictions.
This results in a negative potential of -25.58% based on a current price of 21.5 € and a target price of 16 € for the stock.
