Brean Murray Carret & Co. Starts JinkoSolar Holding Co., Ltd. (JKS) at Buy; Emerging Cost Leader in Transition from OEM to Branded Player

Brean Murray Carret & Co. initiates coverage on JinkoSolar Holding Co., Ltd. (NYSE: JKS) with a Buy. PT $32.

Brean analyst says, "JKS is rapidly emerging solar products manufacturer based in China with vertically integrated supply chain that includes ingots, wafers, cells, and modules...We believe our target price is in line with China-based peers, which are trading in the 4-6x range, and at a discount to its US-based peers, who are trading in the high-teen range."

For more ratings news on JinkoSolar Holding Co., Ltd. click here and for the rating history of JinkoSolar Holding Co., Ltd. click here.

Shares of JinkoSolar Holding Co., Ltd. closed at $27.20 yesterday.

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