JinkoSolar Touches 52-Week High - Analyst Blog


On Jan 8, 2014, shares of JinkoSolar Holding Co. ( JKS ) 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.

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 SunPower Corporation ( SPWR ), First Solar, Inc. ( FSLR ) and Trina Solar Limited ( TSL ). All these stocks carry a Zack Rank # 2 (Buy).

FIRST SOLAR INC (FSLR): Free Stock Analysis Report

JINKOSOLAR HLDG (JKS): Free Stock Analysis Report

TRINA SOLAR LTD (TSL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: FSLR , JKS , TSL

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