Why JinkoSolar Stock Just Dropped 10% Ahead of Earnings
Shares of Chinese solar-module maker JinkoSolar Holding (NYSE: JKS) are taking a tumble this afternoon, falling 9.9% as of 2:40 p.m. EDT after analysts at Swiss megabank UBS downgraded the shares from neutral to sell.
Earnings don't appear to be the problem here. Indeed, Jinko isn't even scheduled to report earnings again until mid-November. Instead, the problem is a simple matter of valuation... and profits.
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Source Fool.com
