Shares of JinkoSolar (JKS) plummeted 5.06% in Wednesday's intraday trading session, following Goldman Sachs' decision to maintain its Sell rating on the stock. The negative sentiment surrounding the solar energy company intensified as investors reacted to the influential investment bank's pessimistic outlook.

JinkoSolar, a leading global solar module manufacturer, has been facing challenges in a competitive and rapidly evolving solar energy market. Goldman Sachs' continued Sell rating suggests ongoing concerns about the company's financial performance, market position, or growth prospects. This reaffirmation of the negative stance could potentially impact investor confidence and lead to further selling pressure on the stock.

The solar energy sector has been experiencing volatility due to various factors, including changes in government policies, supply chain disruptions, and fluctuating raw material costs. JinkoSolar's significant stock decline on Wednesday outpaced the broader market movements, indicating that company-specific factors, particularly the Goldman Sachs rating, are playing a crucial role in investor sentiment towards the stock.