JinkoSolar Holding Co Ltd (NYSE: JKS) stock enjoyed a major increase of 17.0% on 5/22/24. The shares closed at $28.55. Moreover, exceptionally high trading volume at 306% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 7.7% during the last week.
Current PriceTarget Research Rating
JKS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
JinkoSolar Holding has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. JinkoSolar Holding has a very high Appreciation Score of 99 but a very low Power Rating of 6, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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