The market cap at the close, plus the 1-for-1 addition of the $650m in cash, justifies a stock price of about 17. Maybe a little less because today's pre-announcement rise looks somewhat anticipated. Still, the appropriate stock price would seem to be far above 9.
thin trading this week, China down, which also doesn't make sense given their currency is down today too (should be good for their exports). Right now it is a terrible time to sell. China's long term solar plans remain strong, and JKS is cheap. Yeah, nasty wake up for me on the west coast, but I'm holding, and perhaps nibbling on more.