On Oct 8, 2013, Zacks Investment Research upgraded solar panel
JinkoSolar Holding Co., Ltd.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
JinkoSolar Holdings reported positive earnings surprises in
three out of the last four quarters with a striking average beat
of 173.17%. The long-term expected sales growth of JinkoSolar is
set at an encouraging 36.22%.
The company's string of large-scale solar photovoltaic (PV)
supply orders from countries like Australia, South Africa and the
U.K., effective project execution skills as well as favorable
renewable policy adoption by the Chinese government have elevated
its position in the market.
JinkoSolar's high-quality products at lower rates have
attracted customers from around the globe. In addition, the
company's lofty backlog of domestic utility-scale projects along
with a steady rebound in solar panel prices is expected to boost
its margin. The 50% tax break on solar panel production by the
Chinese government will unlock increased growth prospects for
Furthermore, Middle East countries like Egypt and Saudi Arabia
are intent on working with Chinese solar producers to augment
their clean energy usage which might open a window for future
Europe is also targeting to meet 20% of its energy demand for
2020 through the use of renewables. This fact presents an
opportunity with profitable growth options for JinkoSolar.
However, the prevailing anti-dumping duties on Chinese
manufacturers continue to restrict JinkoSolar Holding from
increasingly tapping the lucrative U.S. markets.
Other Stocks to Consider
Besides JinkoSolar, other attractive solar PV operators are
Zacks Ranked #1 (Strong Buy)
Trina Solar Ltd
JINKOSOLAR HLDG (JKS): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
SUNPOWER CORP-A (SPWR): Free Stock Analysis
TRINA SOLAR LTD (TSL): Free Stock Analysis
To read this article on Zacks.com click here.