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Fly News Breaks for August 15, 2017
CSIQ, JKS
Aug 15, 2017 | 09:55 EDT
JinkoSolar's (JKS) $200M mixed securities shelf filing this morning it its third secondary since the initial public offering, Coker Palmer writes in a research note. The company's capital market activity and spending are "egregious" and not helping the industry return to a more rationale pricing environment, the firm contends. Coker believes JinkoSolar is unlikely to generate any free cash flow in 2017/2018. It continues to recommend being long Canadian Solar (CSIQ) and short Jinko.
News For JKS;CSIQ From the Last 2 Days
