Hottest Solar Stocks – JinkoSolar (JKS)
YTD Performance: +338%
While it’s not as well-known as some other solar stocks, JinkoSolar (JKS) was one of the best performers in 2013. JKS stock has managed to return about 340% this year as the glut of cheap Chinese panels has subsided.
Unlike FSLR and similar solar stocks, JKS is a pure play manufacturer of wafers, modules and cells. That means Jinko is directly vulnerable to cheap panel pricing.
However, with rising feed-in tariffs in its home market of China, along with the Japan and emerging Asia, solar panel prices have begun to rise on renewed demand. That’s helped JKS stock rise from the dead this year.
Margins at JinkoSolar have also improved, and analysts estimate that they will continue to improve to throughout 2014. JKS should be able to realize 15% to 20% gross margins in 2014 as Japan and other Asian nations install a record amount of solar energy. That should certainly help JKS stock and its balance sheet in the new year.