For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 309 companies in the Oils-Energy group. The Oils-Energy group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 #2 (Buy).
The Zacks Consensus Estimate for JKS's full-year earnings has moved 0.67% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that JKS has returned about 94.84% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 2.98%. 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 #17 in the Zacks Industry Rank. Stocks in this group have gained about 87.11% so far this year, so JKS is performing better this group 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.