Credit Suisse Thinks JinkoSolar’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Patrick Jobin from Credit Suisse assigned a Buy rating to JinkoSolar (NYSE: JKS). The company’s shares closed last Friday at $13.27, close to its 52-week low of $13.08.

According to TipRanks.com, Jobin is ranked 0 out of 5 stars with an average return of -11.3% and a 34.6% success rate. Jobin covers the Technology sector, focusing on stocks such as SunPower Corp, Silver Spring, and SunEdison Inc.

JinkoSolar has an analyst consensus of Moderate Buy.

JinkoSolar’s market cap is currently $417.9M and has a P/E ratio of 2.36. The company has a book value ratio of 0.5621.

JinkoSolar Holding Co., Ltd. is engaged in the solar power industry. Its products include silicon ingots and wafers as well as solar cells and modules. It offers solar system integration and processing services. It distributes its products under the JinkoSolar brand. The company was founded by Xiande Li, Kangping Chen and Xianhua Li on August 3, 2007 and is headquartered in Shangrao, China.