bullish
Asia Solar: A Pair Trade Between JinkoSolar and JA Solar
480 Views04 Nov 2023 05:26
SUMMARY
- Our trading thesis is to go long JinkoSolar Holding (JKS US) and go short JA Solar Technology (002459 CH) in the next 3-6 months.
- The three major reasons include higher momentum for JinkoSolar post 3Q 2023 results, much higher EBITDA growth for JinkoSolar from 2022 to 2024, and relative valuations.
- Some of the factors driving lower share price of Chinese solar stocks this year include higher US tariffs, excessive manufacturing capacity, and declining prices of solar wafers and panels.
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Discussions
(Paid Plans Only)
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