Stock Rating Downgrade
The Value Trend Rating for JinkoSolar Holding Co Ltd (NYSE: JKS) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, JinkoSolar Holding Co Ltd (NYSE: JKS) stock declined modestly by -1.2%, closing at $19.53. However, this decline was accompanied by below average trading volume at 76% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -2.3% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. JinkoSolar Holding has a very high Appreciation Score of 99 but a poor Power Rating of 19, producing the High Neutral Value Trend Rating.
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