Credit Suisse sees a lot of upside for Jinko (JKS):
Credit Suisse sees terrific upside in the following three solar stocks, which are the firm's "top picks" in the space:
Sunrun (NASDAQ:RUN): Target $21. Implied upside 201%. Reasons: differentiated multi-channel strategy: direct-to-consumer, partner network, strategic partners. CS likes RUN's "customized pricing approach." Demand is robust.
SolarCity (NASDAQ:SCTY): Target $89. Implied upside 218%. Reasons: SCTY is key beneficiary of two solar trends: lower costs to customer and lower cost of capital through financing vehicles. SCTY has 34% U.S. market share. Demand is robust, and the market is only 1% penetrated.
Jinko Solar (NYSE:JKS): Target $40. Implied upside 97%. Reasons: cost leadership in manufacturing, proven downstream execution capabilities, relative valuation and nearing opportunity to leverage a YieldCo/Growth IPP structure.
We're not so sure about SolarCity though, after the SunEdison (SUNE) debacle