JKS Stock Summary and Trading Ideas (Jinkosolar Holding Company Limited American Depositary Shares (Each Representing 4 Common Shares) | NYSE:JKS)

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.

Jinkosolar Holding Company Limited American Depositary Shares (Each Representing 4 Common Shares) trades on the NYSE stock market under the symbol JKS.

As of April 24, 2024, JKS stock price climbed to $23.17 with 926,544 million shares trading.

JKS has a beta of 2.82, meaning it tends to be more sensitive to market movements. JKS has a correlation of 0.32 to the broad based SPY ETF.

JKS has a market cap of $1.12 billion. This is considered a Small Cap stock.

Last quarter Jinkosolar Holding Company Limited American Depositary Shares (Each Representing 4 Common Shares) reported $5 billion in Revenue and $1.21 earnings per share. This beat revenue expectation by $344 million and missed earnings estimates by -$1.00.

In the last 3 years, JKS stock traded as high as $76.92 and as low as $21.06.

The top ETF exchange traded funds that JKS belongs to (by Net Assets): TAN, VXUS, VWO, IEMG, PBW.

JKS has underperformed the market in the last year with a price return of -50.5% while the SPY ETF gained +24.2%. JKS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.5% and -9.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

JKS support price is $21.99 and resistance is $23.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JKS stock will trade within this expected range on the day.