JKS Stock

JKS Stock: Jinko Solar Holding Co. (JKS) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on May 8th for the 7 day time horizon. JKS had a signal of 52.86 and a predictability of 0.38. In accordance with the algorithm, the company reported short-term capital gains of 9.21%.

JKS was part of the stock forecast that can be found in the “Industry” Package.

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Jinko Solar is a leading manufacturer of photovoltaic products. Its productions are located in China (Jiangxi and Zhejiang). Jinko has a huge range of customers such as diversified international utility, commercial and residential customer. Its principal products are silicon wafers, solar cells and solar modules.

Recently, the company announced that they will supply 600 megawatts of equipment to China Minsheng Investment Corporation this year. This will boost considerably Jinko’s sales and so this will increase their profit. Therefore, it is a positive signal for the investors.

Experts anticipate that the solar installations will expand in China, the word’s largest market. The solar installations will probably move closer to 18 gigawatts next year.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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