Significant Value Remains: JinkoSolar Holding Co., Ltd. (JKS)

In May 31 trading, shares of solar panel producer JinkoSolar Holding Co., Ltd. (NYSE: JKS) climbed 3.95 percent to $61.27. The goal was to get into the lucrative South American market, where JKS has plenty of potential to expand.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.

Sponsored

Aldo Solar, a South American firm, has formed a distribution partnership with JinkoSolar. Aldo Solar will be permitted to sell 600 MW of new JinkoSolar Tiger Neo solar panels as part of the arrangement. These are big solar panels with a power of around 600 W and a 22 percent efficiency. They’re ideal for large power plants and single-family houses since they’re less expensive to build and need fewer micro inverters.

For the new JinkoSolar panels, Brazil will be the first regional market. From 2022 to 2027, the country’s solar power CAGR is predicted to be 5.5 percent. JinkoSolar Holding Co., Ltd. (JKS) has previously reached a deal with Aldo Solar in 2021 to deliver about 4 million panels by 2022. Solar energy has large development potential in the region, which has expanded as fossil fuel costs have risen.

In general, favorable conditions have evolved in the worldwide solar energy industry, which is expected to increase at a rate of around 14% per year over the next five years.

To take advantage of this expansion, companies are scrambling to expand their presence in regional marketplaces. The volume of shipping is already increasing. In the first quarter, Canadian Solar Inc. (NASDAQ: CSIQ) supplied more than 3.6 GW of solar panels to clients, up 42% year over year.

Consequently, Canadian Solar anticipates a profit increase of 170 percent year over year this year. SolarEdge anticipates a 28 percent long-term profit growth rate. In comparison to 2021, solar business First Solar Inc. (NASDAQ: FSLR) boosted 6 Series panel manufacturing by 19%.

The stock of JinkoSolar Holding Co. Ltd. (NYSE: JKS) has up 3.52 percent in the previous week but is up 12.26 percent over the last quarter. Going back further, the stock’s price has increased by about 14.35 percent in the previous six months but is up 30.07 percent year-to-date.

Latest

On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...

Newsletter

 

Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Rocket Pharmaceuticals Inc (RCKT) surge 12.73% in a week: will this be a lucky break through?

Rocket Pharmaceuticals Inc (NASDAQ: RCKT) started the day on December 07, 2023, with a price increase of 1.82% at $26.30. During the day, the...

California Resources Corporation (CRC) Open at price of $49.34: A Brand-New Opportunity for Investors

California Resources Corporation (NYSE: CRC) open the trading on December 07, 2023, with a bit cautious approach as it glided -0.14% to $49.12. During...

Wayfair Inc (W) Open at price of $52.35: A Brand-New Opportunity for Investors

Witnessing the stock’s movement on the chart, on December 07, 2023, Wayfair Inc (NYSE: W) remained unchanged to $53.07. During the day, the stock...

LEAVE A REPLY

Please enter your comment!
Please enter your name here