Why JinkoSolar’s Shares Jumped 175.1% in 2020

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Shares of solar panel manufacturer JinkoSolar (NYSE: JKS) rose by 175.1% in 2020, according to data provided by S&P Global Market Intelligence, as companies across the solar energy sector made sharp gains. 

Image source: Getty Images.

After years of being out of favor with investors, solar energy stocks soared in 2020 despite relatively modest improvements in financial performance. JinkoSolar’s revenue rose in 2020, but its net income was down as the pandemic impeded solar projects and manufacturing. 

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