JinkoSolar upgraded to Buy from Neutral at Roth Capital

Roth Capital analyst Philip Shen upgraded JinkoSolar to Buy from Neutral with a price target of $70, up from $50. The analyst cites the recent Uyghur Forced Labor Prevention Act releases and "the expected progress ahead" for the upgrade. Policy risks that have challenged JinkoSolar are starting to wane the company’s outlook is improved, Shen tells investors in a research note. Beyond the improving U.S. policy situation, the analyst sees potential for margin expansion on poly price declines.