Who believes it?
JKS should be valued at least the same level as SUNE, which has a market value of 6 billions, when its YieldCo go IPO. Note JKS is profitable vs. SUNE still bleeding.
JKS is impacted by the leading sheep CSIQ which need a little bit rest today after running for days. JKS will be getting close to CSIQ, and will be leading Solars next Q.
Just follow Cramer, you will make $$ after covering the loss you made. CSIQ is a $50 dollar stock in terms of fair market value.
The "solaor" projects in INDIA will not bring any profit. The bigger the installation, the more money will be lost.
Be patient. The MM who shorted JKS is the one who shorted CSIQ, suffering huge loss, which lost the battle in CSIQ.
Some hedge funds bet hugely aganst Solars like CSIQ JKS and TSL after SOL's earning report. They have been working very hard trying to bring down CSIQ but it does not work, so they focus on JKS and wish to bring down JKS, then to affect CSIQ and TSL.
I don't see it will jump to $50 level near term, but might by year end. As some hedge funds of Wall Street suffering huge loss due to betting wrong in CSIQ and JKS, they are trying hard to manipulate the market to minimize their loss.