Why Is JinkoSolar Stock Sinking Wednesday? - JinkoSolar Holding Co (NYSE:JKS)

JinkoSolar’s stock fell Wednesday after the company reported second-quarter 2026 results that missed Wall Street’s revenue and earnings expectations. Revenue totaled 12.36 billion yuan ($1.82 billion), down 31.3% year over year, and it missed the analyst consensus of $2.12 billion, though it rose 0.9% sequentially. JinkoSolar posted an adjusted loss of $2.54 per American depositary share, wider than the expected 70-cent loss. Module shipments were 15,961 MW, down 34.4% year over year but up 16.7% sequentially. Gross margin improved to 4.2% from 2.9% a year earlier, but fell from 8.3% in the prior quarter. The company also outlined continued profit pressure from supply-demand imbalances and policy changes.