JinkoSolarChinese solar manufacturer JinkoSolar (NYSE: JKS) has seen volatility in its pricing throughout 2019. Trade tariffs and market tensions have contributed to a decline in stock price, but this makes the pick even more compelling today.

After opening at $10.19 on the first day of trading this year, JinkoSolar went on to hit a high of $24.84 in June, before falling close to $15 today. Although the stock falls just outside of traditional bargain territory, there’s a lot of potential which should not be ignored by alternative investors.

JinkoSolar stands to benefit greatly from a likely tariff rollback when a Phase One trade deal is agreed between the United States and China. The Chinese company is one of the world’s largest solar module manufacturers, with around 2,000 clients globally. The company has recently won huge supply contracts, including a 300MW ultra-high efficiency solar contract in Spain. With a tariff rollback, its products will become more competitive in the United States, allowing it to capitalize on the growing demand for clean energy solutions.

Stock has declined -17.98% in the last three months, but it has gained 1.37% in the last five days of trading, thanks to renewed optimism for an interim trade deal. Any investor looking for a high potential solar stock should carefully consider this pick.

Key Data:

  • 1 Year Price Growth: 41%
  • YTD Price Growth: 75%
  • 3 Month Price Growth: -17.95%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.