The stock was down $1.55 yesterday, closing at $28.97.
As we said in our Jan. 12 post Auriga's Mark Bachman on Sunpower, Renesola, JA Solar, Jinko Solar, Canadian Solar (SPWRA; SOL; JASO; JKS; CSIQ; SOLF):
Jinko might be worth a look, Bachman is a sharp analyst and he's been pounding the table on JKS for a while now.
The stock closed at $27.44 that day, it hasn't really run away, there's still about 55% upside to Auriga's target.
Here's Bachman via SmallCapPulse:
Analyst Comments – Auriga’s Mark Bachman reiterated a BUY rating on JinkoSolar (NYSE:JKS) and $45 price target, noting that, based on recent channel checks, polysilicon pricing ($80/kg in Q4 and so far in Q1) will likely create gross margin headwind for JKS, and wafer sourcing could also pressure margins.
· Expects Jinko to report upside to consensus revenue estimates...MORE