Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

Dec. 9, 2020, 2:11 p.m. EST

JinkoSolar's stock falls after plans for $100 million ADS offering

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    JinkoSolar Holding Co. Ltd. ADR (JKS)
  • X
    iShares MSCI China ETF (MCHI)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of JinkoSolar Holding Co. /zigman2/quotes/207601099/composite JKS +5.38% dropped 9.4% toward a 2-month low, after the China-based solar module maker announced plans for a $100 million equity offering. The company said late Tuesday that it may sell the American depositary shares (ADS) from time to time, at market prices or at prices negotiated with its sales agents. Based on current share prices, $100 million worth of ADS represents about 3.9% of JinkoSolar's market capitalization of $2.56 billion, according to FactSet data. The offering plan comes after the shares have soared 172.4% over the past three months, while the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI -0.62% has gained 7.8% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.32% has advanced 7.9%.

/zigman2/quotes/207601099/composite
US : U.S.: NYSE
$ 55.99
+2.86 +5.38%
Volume: 958,104
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.53 billion
Rev. per Employee
$208,923
loading...
/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 65.57
-0.41 -0.62%
Volume: 5.40M
Nov. 29, 2021 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,655.27
+60.65 +1.32%
Volume: 2.50B
Nov. 29, 2021 4:57p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.