JinkoSolar is under investigation by Pomerantz LLP for potential securities fraud following the company's report of a $214.5 million GAAP loss in Q4 2025 due to a non-cash impairment charge. The loss contradicted earlier positive statements by company officers. Additionally, JinkoSolar's Q2 2026 results showed significant revenue and earnings misses, with a sharp decline in gross margin attributed to market and production challenges. These financial setbacks caused the company's ADR price to drop sharply twice in 2026, raising concerns among investors and prompting legal scrutiny.
JinkoSolar's recent financial and legal challenges provide context for the Basic Materials sector's performance on Pluang. As of Sep 17, 2026 20:12 WIB, 28 of 31 Basic Materials stocks rose while 3 fell. Albemarle Corp. (ALB) traded at USD 113.00 with a 3.22% gain but saw a majority of sell orders (73%), contrasting with ArcelorMittal SA (MT) and Wheaton Precious Metals Corp (WPM), which both gained over 3% and had 100% buy order activity, trading at USD 75.52 and USD 151.30 respectively.
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