Renewable energy production is rising. Investors have paid greater attention to this emerging industry in recent years.
The market is bigger and stronger and the demand for renewable energy is growing.
According to IAE Renewables are forecast to meet more than 70% of global electricity generation growth, led by solar PV and followed by wind, hydropower, and bioenergy.
Among countries which are leading the way in the switch to renewable energy are Sweden, the UK, Germany, China and the USA. In the first place, however, is Island which generates almost 100% of its energy from renewable sources.
Investment in renewable power capacity was three times the level of investment in fossil fuel.
However, a potential drawback for solar panels is their purchase and installation price
The Absolute Leader among Solar Manufacturers
It is interesting to know that in the top ten solar manufacturers, six are from China. The reason for this is the fact that the best solar panels have been so far made in East Asia, which has, therefore, become the world`s solar manufacturers.
The absolute leader determined by market share among panel manufacturing companies, for now, is JinkoSolar Holdings.
JKS growth YTD +148.33%
JKS distributes its solar products and services and sells its solutions to the customer base in China, the USA, Japan, Germany, the UK, SA, Chile, India, Mexico, Brazil, UAE, Spain, Italy, Spain, France and Belgium. The company has built a vertically integrated solar products value chain with an integrated annual capacity of 8 GW for silicon ingots wafers, 5 GW for solar cells and 8GW for solar modules.
ROI is 2.7%, ROE is 5.4%, Market Cap of 1.03B and EPS this tear is +144.2%.
JKS has been up +148.33% YTD and in one year time +103.1%
THE RED FLAG
The first red flag for JKS coming from Short Float (25%) and Short Ratio (8.03) which helps us to find out very quickly if a stock is heavily shorted or not.
The second red flag is coming from the technical analysis point of view.
Technically, it looks like JKS is heavily overbought, so an exit from this dance can be shown in the coming days.
Source, Charts by TeleTrader