JinkoSolar (JKS) Slashes Q3, FY11 Shipment and Revs Outlook

JinkoSolar Holding Co., Ltd. (NYSE: JKS) sees third-quarter

• total solar module shipments to be approximately 210 MW – 220 MW, which compares with the Company's previous guidance of 230 MW – 250 MW;
  
  
• Total revenues to be in approximately $270 – $280 million, which compares with the Company's previous guidance of $310 – $330 million. The Street sees $288.95 million.

And for fiscal 2011:

• Total solar module shipments to be approximately 770 MW – 800 MW, which compares with the Company's previous guidance of 950 MW –1000 MW;
  
  
• Total revenues to be approximately $1.1 – $1.2 billion, which compares with the Company's previous guidance of $1.4 – $1.5 billion. The Street sees revs of $1.29 billion.

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