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JinkoSolar Holding Co (NYSE:JKS) stock tanked Friday premarket after the company reported second-quarter results. The solar module manufacturer’s revenue decreased 21.6% year-over-year to $3.31 billion, missing the analyst consensus estimate of $3.91 billion. Adjusted earnings per ADS of $0.99 beat the analyst consensus estimate of $0.17. Quarterly shipments increased 36.0% Y/Y to 25,318 MW (23,822 MW for solar modules and 1,496 MW for cells and wafers). The module shipments grew by 34.1% Y/Y. Gross margin for the quarter stood ...


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