JinkoSolar Holdings reported second-quarter earnings that fell short of analyst expectations, with a loss per share of ¥13.19 compared with a consensus estimate of ¥-6.09. The miss represents a deficit ¥7.10 below projections, according to data compiled by InvestingPro.
Revenue for the quarter totaled ¥12.36 billion, below the ¥15.73 billion forecast. The solar panel manufacturer’s financial performance has lagged amid broader industry headwinds, including pricing pressures and soft demand.
Over the past three months, JinkoSolar’s stock has declined 33.5%, extending a 31.11% drop over the last 12 months. The shares closed at ¥15.50 on the New York Stock Exchange.
InvestingPro’s financial health assessment rated the company’s performance as "fair," with no positive earnings revisions recorded in the last 90 days and one downgrade issued during the period.
