Latest News Report:- JinkoSolar Holding Co., Ltd. (NYSE: JKS), NextEra Energy, Inc. (NYSE:NEE)

JinkoSolar Holding Co., Ltd. (NYSE: JKS) closed with change of 4.29% to $18.25 with the total traded volume of 247879 shares versus to an average volume of 605.85K. The stock was down in the 5 days activity -1.88%. The one month performance of stock was high 2.13%. JKS shares are below -26.23% for the quarter and driving a 12.17% rally over the course of the past year and is now down -24.12% since this point in 2018.

Two global solar energy leaders, U.S.-based NextEra Energy, Inc. (NYSE: NEE) and China-based JinkoSolar Holding Co., Ltd. (NYSE: JKS), recently reported one of the largest solar panel supply deals in history.

NextEra Energy announced that it is the counterparty to a major supply agreement that was announced by JinkoSolar in January. The companies amended the agreement this month, and JinkoSolar will supply NextEra Energy with up to 2,750 megawatts of high-efficiency solar modules — roughly 7 million solar panels — over approximately four years.

In conjunction with this agreement, JinkoSolar is opening its first U.S. factory in Jacksonville, Florida, which is expected to create more than 200 direct jobs in Florida and support hundreds of additional local jobs in shipping and other related industries.

Shares of JinkoSolar Holding Co., Ltd. have been recently spotted trading -40.16% off of the 52-week high price. On the other end, company shares have been noted 13.64% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 16.06 – 30.50. Switching over to some distances from popular moving averages, we see that the stock has been recorded -7.10% away from the 50 day moving average and -22.74% away from the 200 day moving average. Moving closer, we can see that shares have been trading -2.65% off of the 20-day moving average.

“As NextEra Energy continues to invest heavily in new solar projects across the country, we’re thrilled to have the opportunity to buy cost-effective, reliable solar panels made here in America. JinkoSolar shares our commitment to delivering affordable clean energy solutions, and we are pleased to welcome them to our home state of Florida,” said Jim Robo, NextEra Energy’s chairman and CEO.

Chris Corr, senior vice president of real estate for Rayonier Inc., a major timberland real estate investment trust that employs hundreds of people in Northeast Florida; said “We are thrilled to welcome JinkoSolar to Northeast Florida”. “This announcement highlights the high-quality economic development taking place throughout the region, and we applaud Florida Power & Light for helping make this happen and its commitment to keeping energy costs low for its customers.”

Shares of NextEra Energy, Inc. (NYSE: NEE) have been recently spotted trading -0.66% off of the 52-week high price. On the other end, company shares have been noted 28.52% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 127.09 – 164.41. Switching over to some distances from popular moving averages, we see that the stock has been recorded 5.66% away from the 50 day moving average and 8.20% away from the 200 day moving average. Moving closer, we can see that shares have been trading 3.67% off of the 20-day moving average.

 

Gary Simmons

Gary Simmons is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Gary is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. Address: 3274 Dennison Street, Modesto, California Email: Gary@newscontrol.info

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