Investors focused on the Oils-Energy space have likely heard of JinkoSolar Holding Company (JKS - Free Report) , 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.