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Has JinkoSolar Holding Company (JKS) Outpaced Other Oils-Energy Stocks This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is JinkoSolar Holding Company (JKS - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
JinkoSolar Holding Company is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. JKS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for JKS's full-year earnings has moved 0.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JKS has gained about 129.02% so far this year. At the same time, Oils-Energy stocks have gained an average of 10.08%. This means that JinkoSolar Holding Company is outperforming the sector as a whole this year.
Looking more specifically, JKS belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #52 in the Zacks Industry Rank. Stocks in this group have gained about 73.60% so far this year, so JKS is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on JKS as it attempts to continue its solid performance.
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Has JinkoSolar Holding Company (JKS) Outpaced Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is JinkoSolar Holding Company (JKS - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
JinkoSolar Holding Company is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. JKS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for JKS's full-year earnings has moved 0.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JKS has gained about 129.02% so far this year. At the same time, Oils-Energy stocks have gained an average of 10.08%. This means that JinkoSolar Holding Company is outperforming the sector as a whole this year.
Looking more specifically, JKS belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #52 in the Zacks Industry Rank. Stocks in this group have gained about 73.60% so far this year, so JKS is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on JKS as it attempts to continue its solid performance.