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JinkoSolar stock: What is happening here is incredible - Financial Trends

JinkoSolar stock: What is happening here is incredible

inkoSolar had presented new figures a few weeks ago. Since then, the stock market has reacted in a massive way. Sales were huge, but profits….

JinkoSolar: These are the reactions

The reactions to this development are astonishing. Nevertheless: first of all, it is worth evaluating the figures. The figures, it was said right away in the first reactions, were “mixed”. It was about the second quarter of 2022. The profit had fallen short of expectations. In contrast, the forecasts for sales were exceeded, they said very quickly.

The company’s shipments in the second quarter amounted to a volume of 10.5 gigawatts. This was significantly more than analysts had forecast. These had assumed around 8.5 to 9.5 GW. Accordingly, the news from China has not been consistently bad in this respect.

The figures on the stock exchanges give a different picture. In the past five trading days, the stock had gone downhill significantly. The share price fell by -7.96% on the stock markets. The stock also lost significant ground again on Friday, slumping by a further -2.1%.

The overall picture on the chart is thus somewhat weaker.