JinkoSolar Holding Co. Ltd. (JKS): Today's Featured Industrial Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

JinkoSolar ( JKS) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.7%. By the end of trading, JinkoSolar fell $0.72 (-2.2%) to $31.59 on average volume. Throughout the day, 1,393,110 shares of JinkoSolar exchanged hands as compared to its average daily volume of 1,783,300 shares. The stock ranged in price between $31.17-$32.78 after having opened the day at $32.60 as compared to the previous trading day's close of $32.31. Other companies within the Industrial industry that declined today were: Altair Nanotechnologies ( ALTI), down 5.7%, Cleantech Solutions International ( CLNT), down 3.6%, Global Brass & Copper Holdings ( BRSS), down 3.6% and Broadwind Energy ( BWEN), down 2.8%.

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in designing, developing, producing, and marketing photovoltaic products in the People's Republic of China and internationally. JinkoSolar has a market cap of $822.4 million and is part of the industrial goods sector. Shares are up 392.8% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates JinkoSolar a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates JinkoSolar as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.

On the positive front, Sifco Industries ( SIF), up 10.1%, China Ming Yang Wind Power Group ( MY), up 9.0%, Marine Products Corporation ( MPX), up 4.5% and Powell Industries ( POWL), up 4.4% , were all gainers within the industrial industry with Cummins ( CMI) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Trump's Solar Tariff Won't Entice U.S. Investment

Trump's Solar Tariff Won't Entice U.S. Investment

Ignore Solar Stock Run, Trump Tariff May Not Be Good for Anybody but First Solar

Ignore Solar Stock Run, Trump Tariff May Not Be Good for Anybody but First Solar

Trump Administration Imposes Tariffs on Foreign Solar Products, Washing Machines
Futures Up Sunday as Investors Await Clarity on Senate and House Tax Plans

Futures Up Sunday as Investors Await Clarity on Senate and House Tax Plans

Retail Sales and Walmart Earnings to Paint Picture of Consumer in Week Ahead

Retail Sales and Walmart Earnings to Paint Picture of Consumer in Week Ahead