Why JinkoSolar Holding Stock Jumped 127% in 2019
Shares of JinkoSolar Holding Co. (NYSE: JKS) jumped a whopping 127.4% in December, according to data provided by S&P Global Market Intelligence, as financial conditions rapidly improved. Shares were quite volatile throughout the year but ended with a surge after third-quarter results were announced.
The overarching drive of JinkoSolar's stock was a rise in gross margin and ultimately profitability in 2019. Investors came into the year thinking it might be a down year after China cut subsidies and U.S. demand seemed tepid, but it turned out to be a strong year from the demand side. Final numbers aren't out yet, but one analysis expects that solar installations jumped 25% in 2019 to 125 gigawatts (GW).
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Source Fool.com
