JinkoSolar Holding Co Ltd (JKS) saw its stock plummet by 5.05% in intraday trading on Monday, as investors reacted to a gloomy earnings preview ahead of the company's upcoming financial report. The solar panel maker is scheduled to release its quarterly results on March 26, covering the period ending December 31, 2024.

According to the earnings preview, JinkoSolar is expected to report a significant decline in its financial performance. Analysts estimate a 30.1% decrease in revenue to $3.231 billion, down from $4.62 billion in the same quarter a year ago. More concerning for investors is the projected loss of 42 cents per share, a stark contrast to the company's recent history of beating earnings estimates in several previous quarters.

The negative outlook has led to a cautious stance among analysts. The current average rating on JinkoSolar's shares is "hold," with a breakdown of 1 "strong buy" or "buy," 3 "hold," and 3 "sell" or "strong sell" recommendations. Despite the pessimistic short-term view, Wall Street's median 12-month price target for JinkoSolar stands at $25.00, which is above its last closing price of $22.57, suggesting some potential for recovery in the longer term. As the solar industry faces challenges, investors will be closely watching JinkoSolar's upcoming earnings report for signs of the company's ability to navigate the current market conditions.