We think the shares of JinkoSolar (JKS) can make a comeback after the COVID-19 induced selloff that will stump solar market growth and ASPs this year.
But the Chinese market, the biggest in the world, is likely to make a comeback towards the end of the year and the present shake-out ultimately favors Tier-1 players like JinkoSolar.
Then there are the secular tailwinds of the ever more favorable economics of solar power versus other sources of electricity production, the increasing viability of energy storage, and the opportunity that countries will invest themselves out