JKS - Why JinkoSolar Stock Is Moving | Benzinga
JinkoSolar Holding Co., Ltd (NASDAQ: JKS) shares are trading lower by 3.1% to $33.39 going into the close of Tuesday's session. Shares of several Chinese stocks are trading lower following Caixin Services PMI data, which showed slower-than-expected August service sector activity growth.
Slower service sector growth can lead to delays in commercial and industrial solar installations. JinkoSolar supplies solar panels and components for such installations.
If businesses postpone or scale back their solar projects due to economic uncertainty, it can directly affect JinkoSolar's ...