10 Best Solar Energy Stocks to Invest In

7. JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Hedge Funds Holding Stakes: 10

Upside potential as of August 2, 2024: 23.41%

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is billed as the largest solar company in the world by revenue, having generated $4.6 billion in sales last year. It is one of the 10 best solar energy stocks to invest in for investors eyeing exposure in the Chinese solar energy market, where it has its base.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) primarily develops and produces photovoltaic products. It is expanding its footprint into Saudi Arabia, planning to set up a factory as part of a $1 billion joint venture.

According to the Insider Monkey database, the number of hedge funds holding stakes in JinkoSolar Holding Co., Ltd. (NYSE:JKS) dropped to 10 in Q1 2024 from 13 as of the end of last year. Based on 3 Wall Street analysts, JinkoSolar is rated as a ‘Buy’ with an average price target of $24.67, representing a 23.41% change from current levels.