Pomerantz Law Firm Investigates JinkoSolar for Potential Securities Fraud
The law firm of Pomerantz LLP is investigating potential securities fraud or other unlawful business practices by JinkoSolar Holding Co., Ltd. (NYSE: JKS) and its officers or directors, following a series of financial setbacks that led to significant drops in the company's stock price. On April 16, 2026, JinkoSolar reported a $214.5 million GAAP loss due largely to a non-cash impairment charge exceeding $200 million, contradicting earlier optimistic statements from its management during an earnings call in November 2025. This news caused the company's American Depositary Receipt (ADR) price to fall by nearly 12%. Further financial underperformance was reported on August 26, 2026, when JinkoSolar announced second-quarter results that fell short of expectations and showed a significant drop in gross margin. The ADR price dropped again by over 11%, closing at $13.66 per share.
Tickers: $JKS