JinkoSolar Holding Co. Ltd. (NYSE: JKS) is currently trading just above typical bargain territory, with a price of $15.25 during after-hours trading on Tuesday. However, investors who are willing to spend a little more for a high potential pick can still find value in this option.
JinkoSolar is a Chinese solar manufacturer. It creates photovoltaic products like solar modules, cells, silicon ingots, and wafers. In the 2019 fiscal year, the company increased solar module shipments by 25.6% year over year. It is currently one of the largest global solar manufacturers.
The company is experiencing near term challenges with a slowdown in global procurement and shipping. Low oil prices are also a barrier to solar investment. Long term, the company is ready to respond to growing alternative energy demand. Its focus on high-efficiency solar products puts it in a prime position to grow revenue and income.
Earnings are positive at $2.59 per share. The company generated $4.3 billion in revenue last year, with a gross profit margin of 18.26%. Any investor looking for a well-established solar investment with long term growth potential should consider this pick.
Solar energy made up 40% of all new capacity added to the U.S. grid in 2019. With a continued push towards renewable electricity, a company like JinkoSolar is only going to become more valuable.
- 1 Year Price Growth: -21.79%
- YTD Price Growth: -32.33%
- 3 Month Price Growth: -22.58%
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.