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JinkoSolar shares dropped 11% after reporting a massive quarterly loss.
JinkoSolar shares fell 11.3% Thursday after the company reported a massive expansion in its adjusted net loss for the fourth quarter, exceeding $100 million.
While revenue slightly beat estimates, it dropped 15% from the previous year, and gross margins plummeted to 0.3% due to rising raw material costs.
Despite shipping a record 86 gigawatts of modules, the company faces significant financial pressure.
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Las acciones de JinkoSolar cayeron un 11% después de reportar una pérdida masiva trimestral.