Posted by: Market Watch in Market Information 21 minutes in the past Shares of JinkoSolar Holding Co. dropped 9.4% towards a 2-month low, a
Shares of JinkoSolar Holding Co. dropped 9.4% towards a 2-month low, after the China-based photo voltaic module maker introduced plans for a $100 million fairness providing. The corporate stated late Tuesday that it could promote the American depositary shares (ADS) occasionally, at market costs or at costs negotiated with its gross sales brokers. Primarily based on present share costs, $100 million value of ADS represents about 3.9% of JinkoSolar’s market capitalization of $2.56 billion, in response to FactSet knowledge. The providing plan comes after the shares have soared 172.4% over the previous three months, whereas the iShares MSCI China ETF has gained 7.8% and the S&P 500 has superior 7.9%.Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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