Stock News Update: JinkoSolar Holding Co., Ltd. (NYSE:JKS)

JinkoSolar Holding Co., Ltd. (NYSE:JKS) stock revealed change of 109.78% away from 52-week low price and recently located move of -8.45% off 52-week high price. It has market worth of $1.06B. JKS stock has been recorded 23.07% away from 50 day moving average and 18.19% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.28% off 20-day moving average.

On Jan. 7, 2020, JinkoSolar Holding Co., Ltd. (NYSE:JKS) one of the largest and most innovative solar module manufacturers in the world, reported that the Company has signed an MOU with Shanghai Institute of Space Power-Sources (SISP) to co-develop high efficiency solar cell technology for both space and terrestrial applications. Innovators and engineers from both sides will co-develop space-based photovoltaic cells with a more efficient, low-cost, robust silicon wafer as the supporting bottom substrate and bottom cell.

This high-efficiency solar technology takes advantage of inexpensive silicon wafers. It is easy to manufacture at large scale and can achieve a higher conversion rate. It has a more robust and rugged design, much lower degradation required for next-generation solar cells in space. Due to its unprecedented efficiencies, it could also be used in other applications like auxiliary power units in vehicles, solar roof tiles, power plants, and smart grid systems. This is an early-stage technology requiring additional development. This partnership between two elite solar companies will fuel much needed development.

This cooperation will not only set a good example of photovoltaic technology space application, but it will also bring new opportunities for Chinese photovoltaic industry to grow and develop abroad.

Dr. Jin Hao, Vice President of JinkoSolar commented, The strategic cooperation with Shanghai Institute of Space Power-Sources has a great importance. In the future, we will continue to increase technical cooperation, leading our industry in the name of technical innovation and providing more efficient solar panels with a wider range of choices for global customers.

The Technology sector company, JinkoSolar Holding Co., Ltd. noticed change of 1.11% to $22.74 along volume of 592669 shares in Tuesday session compared to an average volume of 910.06K shares. The stock observed return of 2.34% in 5 days trading activity. The stock was at 15.02% over one month performance. JKS’s shares are at 45.30% for the quarter and driving a 99.47% return over the course of the past year and is now at 1.11% since this point in 2018.

The average volatility for the week at 3.75% and for month was at 3.37%. There are 46.75M shares outstanding and 31.31M shares are floated in market. Right now the stock beta is 1.97.

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