JinkoSolar Holding Co., Ltd JKS shares are trading higher by 10.51% to $47.22 during Wednesday's session. Shares of solar-related companies are trading higher in sympathy with Enphase Energy after the company reported better-than-expected third-quarter financials results and issued fourth-quarter revenue guidance above estimates.
What Happened?
Enphase reported third-quarter revenue of $634.71 million, which beat average analyst estimates of $610.65 million, according to Benzinga Pro. The company said its topline results were up 20% compared to the second quarter.
Enphase reported quarterly adjusted earnings of $1.25 per share, which beat average estimates of $1.08 per share...Read More
According to data from Benzinga Pro, JinkoSolar has a 52-week high of $76.92 and a 52-week low of $35.54.
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