Alert: Positive Investment/Fundamental Signals (11/6/23)-JinkoSolar Holding Co Ltd (NYSE: JKS)


Recent significant positive changes in fundamentals have benefitted JinkoSolar Holding Co Ltd (NYSE: JKS): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Extremely significant positive changes in JinkoSolar Holding Co Ltd (NYSE: JKS) investment behavior have recently occurred: its shorter term price trend turned up, and positive upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, JKS is expected to continue to be a Value Builder.

JinkoSolar Holding has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. JinkoSolar Holding has a very high Appreciation Score of 98 but a slightly negative Power Rating of 35, resulting in the Positive Value Trend Rating.

Recent Price Action

On 11/6/23, JinkoSolar Holding Co Ltd (NYSE: JKS) stock declined modestly by -0.7%, closing at $34.16. Relative to the market the stock has been extremely weak over the last nine months but has risen 31.9% during the last week.

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