JinkoSolar (JKS) Tops Q1 EPS by 48c

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Strong Volumes Help JinkoSolar (JKS) in Q1; Next Catalysts Include Power Spin, FIT Payments - Roth Capital

May 29, 2015 10:48 AM EDT

Roth Capital raffirms JinkoSolar Holding Co., Ltd. (NYSE: JKS) with a Buy rating and $40 price target following Q1 reuslts and outlook issued Thursday.

Analyst Philip Shen noted that stronger volume offset weaker margins for JinkoSolar in the latest quarter, leading to strong top- and bottom-line results.

Shen offered the following oveall thoughts: While JKS is arguably a leader and best-in-class player as a module vendor, we believe JKS Power, the growing solar IPP subsidiary, is the key to the stock looking... More