Can JinkoSolar Stock Climb Higher Ahead of Earnings?

JKS will report quarterly financial results on Nov. 30

facebook X logo linkedin


JinkoSolar Holding Co., Ltd. (NYSE:JKS) is one of the largest solar module manufacturers in the world, with nine production facilities globally and 22 overseas subsidiaries. The company distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base worldwide.

The security has seen a nice rebound on the charts since the $42 level helped capture a pullback in September. Several trendlines are guiding JKS higher, including the 30-day moving average, which contained a brief drop earlier this month. JKS has added 76% in the last six months, though it still sports a 5.6% year-to-date deficit, thanks in part to long-time pressure at the $64 mark. 

jks nov 23

On Nov. 15, JinkoSolar announced plans to release its third-quarter financial results before the markets open on Tuesday, Nov. 30. Analysts on Wall Street have the company’s earnings per share (EPS) coming in at $0.02 for the Q3 earnings report.

JinkoSolar stock has a very intriguing valuation at a market capitalization of $2.705 billion and a price-sales ratio of 0.55. In addition, JKS has a forward price-earnings ratio of 13.72, which is a huge improvement from its current unprofitable earnings track record.

However, JinkoSolar stock’s fundamentals are somewhat inconsistent and unstable. Although its revenues grew 40% between fiscal 2018 and fiscal 2020, the greentech company’s trailing 12-month revenues are currently down 3% in comparison to fiscal 2020. JinkoSolar also experienced a 5.5% revenue decline in fiscal 2018. Furthermore, the firm's net income decreased 74% in fiscal 2020, and its trailing 12-month net income is down $981 million since fiscal 2019.

Nonetheless, JKS continues to have a promising long-term outlook as a growth play. Aside from the expected return to profitability, the greentech brand had previously grown its net income 534% between fiscal 2017 and fiscal 2019, making JinkoSolar stock’s reward potential very attractive for less risk-averse investors.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI