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Fly News Breaks for March 3, 2016
JKS
Mar 3, 2016 | 08:35 EDT
Roth Capital believes that JinkoSolar reported strong Q4 results and provided upbeat 2016 guidance. The firm says that the company's market share could rise to 10% in 2016 from 8% this year, while its margins could rise over 1% in 2H16, driven by more tariff-free shipments to the U.S. Roth worries that Jinko's production increases could lower its ASPs, but notes that the company said that 60%-70% of its 2016 capacity is already booked. Roth reiterates a $35 price target and Buy rating on the shares.
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