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JinkoSolar Rises Despite GLJ’s Bearish Thesis -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — Gordon Johnson, GLJ Research Analyst, released a research paper on JinkoSolar Holding Company Limited NYSE:. It outlined his bearish thesis about the stock. 

JinkoSolar is an international solar panel manufacturer located in Shanghai, China. The stock currently has an analyst selling rating of “sell” and a $11.65 price target, which is approximately 75% less than the current level.

TheFly reported that Johnson claimed JinoSolar shares had remained “astonishingly resilient” through the past year, and even into 2022. Johnson attributed this resilience to anticipation for the Shanghai IPO.

He said however that the company’s margins are at risk because of the IPO catalyst being delayed and rising prices. Jinko’s current situation is “in worse condition today,” he stated.

According to GLJ analysts, “now would be a good time” for aggressively shorting shares. 

Jinko shares are up by % to over $46 per Share Friday, despite bearish comments.

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