JinkoSolar -6.4% AH after announcing 3.5M-share offering

|About: JinkoSolar Holding Co., Ltd. (JKS)|By:, SA News Editor

At current levels, the offering would yield proceeds of $65M. (PR)

Jinko (JKS) is the latest in a line of solar names (both U.S. and Chinese) to take advantage of big 2013 run-ups to raise cash via stock offerings (I, II, III)

The company had $113.2M in cash/equivalents at the end of Q2, and $448.6M in debt.