Trade-Ideas LLC identified

JinkoSolar

(

JKS

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified JinkoSolar as such a stock due to the following factors:

  • JKS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.6 million.
  • JKS traded 47,014 shares today in the pre-market hours as of 8:17 AM, representing 10.9% of its average daily volume.

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More details on JKS:

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company operates through two segments, Manufacturing and Solar Power Projects. JKS has a PE ratio of 9. Currently there are 4 analysts that rate JinkoSolar a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for JinkoSolar has been 595,300 shares per day over the past 30 days. JinkoSolar has a market cap of $715.8 million and is part of the technology sector and electronics industry. Shares are down 14.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates JinkoSolar as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • JKS's very impressive revenue growth greatly exceeded the industry average of 3.3%. Since the same quarter one year prior, revenues leaped by 89.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • JINKOSOLAR HOLDING CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, JINKOSOLAR HOLDING CO increased its bottom line by earning $2.80 versus $2.39 in the prior year. This year, the market expects an improvement in earnings ($5.15 versus $2.80).
  • The gross profit margin for JINKOSOLAR HOLDING CO is rather low; currently it is at 19.40%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 5.92% significantly trails the industry average.
  • The debt-to-equity ratio is very high at 2.95 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, JKS maintains a poor quick ratio of 0.70, which illustrates the inability to avoid short-term cash problems.

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