China's Jinko Solar expects up to 98.9% fall in annual profit
1. Jinko Solar projects a 98.4%-98.9% decrease in 2024 net income, indicating financial stress. 2. This decline may impact market sentiment towards solar companies, including JKS.
FAQ
Why Very Bearish?
A significant decline in earnings forecasts typically leads to reduced investor confidence, as seen with other solar stocks during industry downturns.
How important is it?
A drastic earnings forecast change from a key player like Jinko Solar could severely influence market perceptions of the solar industry, particularly JKS.
Why Short Term?
Market reaction to earnings updates tends to be immediate, as seen in previous earnings misses affecting stock prices quickly.