JinkoSolar's stock plummeted by 14.77% on Monday after U.S. solar panel maker First Solar alleged that several of its rivals, including JinkoSolar, are infringing on its patents related to a leading solar technology.
First Solar, through its attorneys, has sent legal notices to Canadian Solar, JA Solar, Longi, JinkoSolar, and Trina Solar, alleging that these companies are violating its patents. The allegations were disclosed by First Solar during a conference call with analysts on Tuesday.
The patent infringement claims against JinkoSolar and other solar panel manufacturers have raised concerns among investors about potential legal disputes and associated costs. While the specifics of the allegations are not yet clear, any adverse rulings or settlements could negatively impact JinkoSolar's operations and financial performance.
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