JinkoSolar Holding Co., Ltd. (
JKS) has recently been downgraded by Daiwa Securities from "Underperform" to "Sell," with a revised price target of $20.
Despite this downgrade, the stock has demonstrated bullish momentum, with a mid-term target of $33.42.
Notably, JinkoSolar's Relative Strength (RS) Rating has improved, rising from 71 to 82, indicating that the stock is outperforming a majority of stocks in terms of price movement over the past 52 weeks.
Additionally, China's solar sector is showing signs of recovery, with increases in polysilicon prices and potential growth in renewable energy markets in Southeast Asia and India.
In conclusion, while the recent downgrade by Daiwa Securities reflects certain concerns, the stock's bullish momentum and improving technical indicators suggest potential upside, with a mid-term target of $33.42.
JKS) has recently been downgraded by Daiwa Securities from "Underperform" to "Sell," with a revised price target of $20. Despite this downgrade, the stock has demonstrated bullish momentum, with a mid-term target of $33.42.
Notably, JinkoSolar's Relative Strength (RS) Rating has improved, rising from 71 to 82, indicating that the stock is outperforming a majority of stocks in terms of price movement over the past 52 weeks.
Additionally, China's solar sector is showing signs of recovery, with increases in polysilicon prices and potential growth in renewable energy markets in Southeast Asia and India.
In conclusion, while the recent downgrade by Daiwa Securities reflects certain concerns, the stock's bullish momentum and improving technical indicators suggest potential upside, with a mid-term target of $33.42.
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Our Telegram : moneywizardmike.t.me
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。