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JKS - Why Solar Energy Stocks Are Dropping Right Now
JinkoSolar Holding Company Limited American Depositary Shares
Solar energy stocks have had a rough two-week stretch on the market, with companies like JinkoSolar (NYSE: JKS) losing nearly one-third of its value and Canadian Solar (NASDAQ: CSIQ) dropping over 20%. And Maxeon Solar Technologies (NASDAQ: MAXN) , SunPower (NASDAQ: SPWR) , and Enphase Energy (NASDAQ: ENPH) have all fallen around 10%.
What's causing the drop and is a recovery near? With the global economy coming out of the pandemic, the answer is complicated.