JinkoSolar (JKS) said to be taking down Q4 numbers in China - GLJ Research

GLJ Research analyst Gordon Johnson reiterated a Sell rating and $19.32 price target on JinkoSolar Holding Co., Ltd. (NYSE: JKS), noting the company is said to be taking down Q4 numbers in China.

The analyst commented, "In short, we were told, in two separate communications with Chinese investors, that JKS IR in Shanghai is talking down 4Q23E numbers, but only to local Chinese-based sell-side analysts (i.e., they are not conveying this message to US analysts), which is “spooking those HK funds”. As such, again, on the recent strength, we see JKS as among the better positioned solar module stocks to short at present, based on deteriorating fundamentals. Caveat emptor."

For an analyst ratings summary and ratings history on JinkoSolar Holding Co., Ltd. click here. For more ratings news on JinkoSolar Holding Co., Ltd. click here.

Shares of JinkoSolar Holding Co., Ltd. closed at $34.11 yesterday.

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