JinkoSolar Lowers Q3 Shipments, Revenue View

JinkoSolar Holding Co JKS lowered its Q3 solar module shipments and revenue forecast. JinkoSolar expects Q3 module shipments of 210 to 220 megawatt (MW), versus its earlier view of 230 to 250 MW. It projects revenue of $270 to $280 million, versus its earlier outlook of $310 to $330 million. Analysts were estimating revenue of $289 million. JKS shares dipped 9.15% to $7.05 in pre-market trading.