0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%
JinkoSolar Holding Company Ltd
Company Overview: JinkoSolar Holding Company Ltd. (NYSE: JKS) is a vertically integrated solar power product value chain, ranging from recovering silicon materials to manufacturing solar modules and solar power generation. The company's segments are the manufacturing segment and the solar power projects segment.
As per our previous US Global Green Energy Portfolio report published on ‘JKS’ on 08th May 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 26.03 based on “expected solar module shipments in Q2FY24 and FY24, change in capex plan, company’s focus on increasing N-type Solar module capacity, upside valuation and key risks associated with the business” and the stock price has now moved by ~14.29% since then and has attained resistance 1.
Noted below are the details of support and resistance levels provided in our previous report:
JKS’s Daily Chart
Considering the current trading levels, resistance 1 attainment, risks associated, and volatile market conditions on the back of higher interest rates, an ‘Sell’ rating is assigned to the “JKS” at the current market price of USD 29.75 (as of 29 May 2024, at 07:18 am PDT).
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is May 29, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’
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