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Fly News Breaks for August 13, 2018
JKS
Aug 13, 2018 | 15:52 EDT
JinkoSolar Holdings this morning posted a Q2 miss and provided a weak Q3 shipment guide, but reiterated its 2018 shipment guidance, Roth Capital analyst Philip Shen tells investors in a research note. The analyst sees limited visibility into the company's margins and earnings beyond 2018 and keeps a Neutral rating on the shares. He believes the stock may continue to trade in a range while oversupply concerns remain. Shen reduced his price target for JinkoSolar to $14 from $15.
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