JinkoSolar To Shine Ahead of 1Q Earnings Release, Says Analyst (JKS)

Shares of JinkoSolar JKS should be ready to explode upwards because history rhymes, says a Frankfurt-based analyst. “History might not repeat, but in the case of Chinese solar shares, especially shares of Jinko, it sure has rhymed over the past couple of quarters, with shares shooting up before the earnings releases,” says the analyst, who wishes to remain anonymous. “We saw it when third-quarter earnings were coming and again before Q4, though it wasn't as dramatic for Q4. And with the upcoming release of first-quarter earnings, why wouldn't you bet on JKS again? Of course, you better sell the news because it's probably going to fall as quickly as it went up,” the analyst says. JinkoSolar will report first-quarter earnings of May 2. The vertically-integrated manufacturer of photovoltaic products across the solar value chain saw its shares climb from a low of $26 on February 23 to a high of $32.21 on February 28, the day it released 4Q earnings. It ended the trading session on February 28, however, at $28.18, as it did seem investors sold the news of earnings that came in stronger than analysts expected. The analyst prefers to remain anonymous because even though he believes JinkoSolar is a solid play at the moment, it is too short-term to recommend the stock to clients. It is a play to get in and out of in one week. Year-to-date, JinkoSolar is up approximately 20%.