JinkoSolar Can’t Overcome Bad News, Stock Ends Down 0.82%
Solar stocks (NYSE:TAN) are on the rise again after taking some heat earlier in the week after the news of a chemical leak closing a JinkoSolar (NYSE:JKS) plant in China. The stocks tracked by the Guggenheim Solar ETF (NYSE:TAN) are up 2.5%.
“Part of the initial step back by investors today was caused by continued fallout from Solyndra’s bankruptcy, which was the subject of a hearing before Congress this morning. But after the stock fell to its lowest level since the spring of 2007 after a seven-day sell-off, traders have returned, at least for now” reported Barrons.