On 11/6/24, JinkoSolar Holding Co Ltd (NYSE: JKS) stock suffered a major decline of -14.3%, closing at $24.13. Moreover, this decline was accompanied by unusually high trading volume at 172% of normal. Relative to the market the stock has been weak over the last nine months and is unchanged 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 (High 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 97 but a poor Power Rating of 24, and the High Neutral Value Trend Rating results.
Rating Review
In light of this highly negative 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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