Jefferies Price Target: over 49 dollars. Credit Suisse: 45. Barclays: 51. Another one or two have it at 45. Which firm is not yet ready for the stock to skyrocket? Which firm still has an interest in driving the stock down? Fewer and fewer. Other firms may have to catch up to the leaders.
Good point Chris....the low ball analysts are obviously on the wrong side of this stock and re-positioning as we speak. As I mentioned in a previous post....there will be more news like today's for many quarters to come. Alternative energy and especially solar is becoming the fastest growing industry and will continue to grow now that the prices have become reasonable to do so.
This stock is obviously being manipulated right now...for how much longer...I cannot say. But the ONLY reason it is being manipulated is so that the "big boys" can fill their pockets with cheap shares. And the only reason they want to do that is because they are fully aware of the potential of this company as well as ALL solar companies going forward. Just because the US has such a vested interest in petroleum tax revenue and pretend to be oblivious to alternative energy...does not mean the rest of the world - China, India, Europe and Japan are also oblivious.
Take the profits and raise cash at the next few bounces and huge dips from tomorrow till June. Nasdaq and most stocks will correct from around July end to Dec end 2014, with Nasdaq seeing 2200, a 50% drop from recent highs. A repeat similar to the crash of 2008-2009 will happen.
Barclays Starts JinkoSolar Holding Co., Ltd. (JKS) at Overweight
5:44 PM ET, 04/07/2014 - Street Insider
Barclays initiated coverage on JinkoSolar Holding Co., Ltd. (NYSE: JKS) with an Overweight rating and a price target of $51.00. For an analyst ratings summary and ratings history on JinkoSolar Holding Co., Ltd. click here. For more ratings news on JinkoSolar Holding Co., Ltd. click here. Shares of JinkoSolar Holding Co., Ltd. closed at $29.99 yesterday.