JinkoSolar Shares Fall Over 10 percent Following Preliminary 2024 Financial Results
| JKS Stock | USD 21.24 2.30 9.77% |
Slightly above 61% of JinkoSolar Holding's investor base is looking to short. The analysis of overall sentiment of trading JinkoSolar Holding stock suggests that many investors are alarmed at this time. JinkoSolar Holding's investing sentiment can be driven by a variety of factors including economic data, JinkoSolar Holding's earnings reports, geopolitical events, and overall market trends.
JinkoSolar |
JinkoSolar Holding saw its stock price decline 10.75 percent to 21.01 as of 315 p.m. GMT-5 on Friday, following the release of preliminary unaudite
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JinkoSolar Holding Fundamental Analysis
We analyze JinkoSolar Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of JinkoSolar Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of JinkoSolar Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
JinkoSolar Holding is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
JinkoSolar Holding Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with JinkoSolar Holding stock to make a market-neutral strategy. Peer analysis of JinkoSolar Holding could also be used in its relative valuation, which is a method of valuing JinkoSolar Holding by comparing valuation metrics with similar companies.
Peers
JinkoSolar Holding Related Equities
| MAXN | Maxeon Solar | 7.57 | ||||
| FSLR | First Solar | 1.04 | ||||
| ENPH | Enphase Energy | 0.35 | ||||
| CSIQ | Canadian Solar | 0.63 | ||||
| RUN | Sunrun | 1.15 | ||||
| SEDG | SolarEdge Technologies | 2.11 | ||||
| NXT | Nextracker | 2.21 | ||||
| NOVA | Sunnova Energy | 3.98 |
Additional Tools for JinkoSolar Stock Analysis
When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.