JinkoSolar just announced that it has signed a new supply agreement to provide Enfinity Asia Pacific Limited with 24MW of PV modules. Shipments have already started and will continue through the end of the year.
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In a press release, Xiande Li, Chairman of the Board of Directors at JinkoSolar, commented on the agreement:
“Our solar module supply agreement with Enfinity is a testament to the … Read the rest
Auriga initiated coverage on recent solar IPO JinkoSolar (JKS) with a Buy rating more than two weeks ago. Since that time, the stock has seen very bullish trading action, breaking out above 11 with good volume and running quickly to $13 before pulling back. This morning Mark Bachman reiterates his Buy rating on the company and the $23 price target.
====> Click Here For Your FREE JinkoSolar Technical Analysis
“We continue to profess that shares … Read the rest
Auriga is out this morning initiating coverage on recent solar IPO Jinko Solar (JKS) with a Buy rating and $23 price target (more than double the current price. Despite viewing the company as a 2nd tier China solar manufacturer, the firm sees considerable value in the stock.
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“We believe the shares are substantially undervalued and see significant upside to our $23 price target. Given our … Read the rest
Three months ago, Jinko Solar (JKS) withdrew plans for an IPO due to poor market conditions. The IPO market has certainly improved, but I don’t see any improvement in market conditions. That didn’t stop the company from going ahead and opening for trading today on the NYSE with shares pricing at $11 which was at the low end of the expected range. Shares aren’t doing much today, down just a bit at $10.90. Perhaps they … Read the rest