On Jan 8, 2014, shares of
JinkoSolar Holding Co.
) hit a 52-week high of $37.98, finally closing the trading
session at $36.85. This reflects a whopping gain of 422.7% over
the past 12-month period.
FIRST SOLAR INC (FSLR): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
TRINA SOLAR LTD (TSL): Free Stock Analysis
To read this article on Zacks.com click here.
The rise in the share price speaks of the company's solid
performance through the first three quarters of 2013. JinkoSolar
registered positive earnings surprises in the last three
quarters, with an average beat of 418.3%.
The consistent performance has also boosted the earnings
estimates of the company. The Zacks Consensus Estimate for 2013
increased 360.9% in the last 90 days to $1.06 per share
reflecting a projected year-over-year rise of 110.4%. The 2014
consensus also increased 457.1% to $2.73 in the last 90 days
reflecting year-over-year growth of 157.5%.
JinkoSolar Holding's solar modules have one of the highest
efficiency levels among its peers, which help in securing
consistent orders from customers worldwide. The tie-up with
Beijing University's Solar Power Engineering Center to check the
efficiency of PV modules when exposed to various conditions will
further improve the quality of its products.
Japan and China will feature among the largest users of solar
power in the next few years. The Chinese government expects to
generate 20 Gigawatt (GW) of electricity from solar energy by
2020. In addition, Japan has set a target to install 28 GW of
solar power capacity by 2020. Given its product quality,
JinkoSolar will definitely benefit from the increase in solar
power usage from these two countries.
JinkoSolar Holding currently has a Zacks Rank #1 (Strong Buy).
Other players in the solar PV industry, which also look
attractive at current levels, include
First Solar, Inc.
Trina Solar Limited
). All these stocks carry a Zack Rank # 2 (Buy).