JinkoSolar Holding Co. Ltd ADR (JKS) Has Strong Growth Prospects Through 2024

JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) has a beta value of 0.37 and has seen 1.17 million shares traded in the recent trading session. The company, currently valued at $1.41B, closed the recent trade at $27.27 per share which meant it gained $2.87 on the day or 11.78% during that session. The JKS stock price is -75.47% off its 52-week high price of $47.85 and 22.77% above the 52-week low of $21.06. The 3-month trading volume is 849.20K shares.

JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information

Sporting 11.78% in the green today, the stock has traded in the green over the last five days, when the JKS stock price touched $27.27 or saw a rise of 1.02%. Year-to-date, JinkoSolar Holding Co. Ltd ADR shares have moved -26.16%, while the 5-day performance has seen it change 6.00%. Over the past 30 days, the shares of JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) have changed 19.21%.

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JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts

Figures show that JinkoSolar Holding Co. Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -21.96% over the past 6 months, with this year growth rate of -80.18%, compared to -8.70% for the industry. Revenue growth from the last financial year stood is estimated to be -1.30%.

3 analysts offering their estimates for the company have set an average revenue estimate of 3.91B for the current quarter. 3 have an estimated revenue figure of 4.69B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.45% over the past 5 years. Earnings growth for 2024 is a modest -69.57% while over the next 5 years, the company’s earnings are expected to increase by 36.71%.

JKS Dividends

JinkoSolar Holding Co. Ltd ADR is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.