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Fly News Breaks for June 4, 2018
JKS
Jun 4, 2018 | 09:33 EDT
Roth Capital analyst Philip Shen downgraded JinkoSolar to Sell from Neutral following China's new solar policy released last Friday, which he called "much worse than expected." Given China's policy, the outlook for module ASPs has suddenly deteriorated for not only 2018, but also 2019, Shen tells investors. He lowered his price target on JinkoSolar shares to $12 from $19.
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