Investors focused on the Oils-Energy space have likely heard of JinkoSolar Holding Company (JKS), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of JKS and the rest of the Oils-Energy group's stocks.
JinkoSolar Holding Company is a member of the Oils-Energy sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. JKS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for JKS's full-year earnings has moved 93.46% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, JKS has returned 98.28% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 17.23% on average. As we can see, JinkoSolar Holding Company is performing better than its sector in the calendar year.
Looking more specifically, JKS belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #15 in the Zacks Industry Rank. On average, stocks in this group have gained 33.47% this year, meaning that JKS is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to JKS as it looks to continue its solid performance.
JinkoSolar Holding Company Limited (JKS): Free Stock Analysis Report
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