Stock Track | JinkoSolar Soars 5.23% on Analyst Upgrade and Tesla Partnership Potential

Stock Track03-24

JinkoSolar's stock price surged 5.23% during intraday trading on Tuesday, marking a significant upward movement for the solar product manufacturer.

The sharp rise appears driven by two key developments. First, Daiwa Securities upgraded its rating on JinkoSolar from Sell to Buy and significantly raised its price target from $20 to $28.50. Second, a report indicated that Tesla is accelerating its U.S. solar manufacturing expansion with plans to procure approximately $2.9 billion worth of solar module and battery equipment from Chinese manufacturers. JinkoSolar is identified as a likely strategic partner due to its extensive patent portfolio in TOPCon technology and vertically integrated manufacturing advantages.

Additionally, the company announced it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2025, before the market opens on April 16, 2026, which may have contributed to positive market sentiment.

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