JinkoSolar Holding Co. (JKS) shares plummeted 6.85% during intraday trading on Wednesday, following the release of the company's first-quarter 2026 financial results that fell short of market expectations.

The solar module maker reported revenue of RMB 12.25 billion (approximately $1.78 billion), representing an 11.5% year-over-year decline and missing the analyst consensus estimate of $1.94 billion. The company also posted an adjusted loss per share of $1.52, which was wider than the estimated loss of $1.17. Total module shipments for the quarter decreased by 21.9% compared to the same period last year.

While the company noted an improvement in gross margin to 8.3% from a loss margin a year ago, driven by higher average selling prices and a better supply-demand balance in overseas markets, the significant revenue shortfall and continued net loss appear to have disappointed investors, leading to the sharp sell-off.