JinkoSolar (NYSE:JKS) Director Xianhua Li Sells 1,280,000 Shares of Stock

JinkoSolar Holding Company Limited (NYSE:JKSGet Free Report) Director Xianhua Li sold 1,280,000 shares of JinkoSolar stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.53, for a total transaction of $32,678,400.00. Following the sale, the director owned 10,349,612 shares in the company, valued at approximately $264,225,594.36. This represents a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

JinkoSolar Trading Down 4.7%

JKS opened at $24.82 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. JinkoSolar Holding Company Limited has a fifty-two week low of $17.53 and a fifty-two week high of $31.88. The company’s 50 day moving average price is $24.01 and its two-hundred day moving average price is $25.77. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.55 and a beta of 0.53.

JinkoSolar (NYSE:JKSGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, research analysts predict that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on JKS. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research downgraded JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings cut JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Daiwa Securities Group upgraded shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price target for the company in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.13.

Read Our Latest Stock Report on JinkoSolar

Institutional Trading of JinkoSolar

A number of large investors have recently bought and sold shares of JKS. Invesco Ltd. lifted its stake in shares of JinkoSolar by 15.4% in the 4th quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock valued at $41,406,000 after purchasing an additional 213,935 shares during the period. Mackenzie Financial Corp grew its stake in JinkoSolar by 1.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,381,478 shares of the semiconductor company’s stock worth $36,289,000 after purchasing an additional 20,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in JinkoSolar by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock worth $21,449,000 after purchasing an additional 3,118 shares in the last quarter. State Street Corp increased its holdings in JinkoSolar by 8.0% in the fourth quarter. State Street Corp now owns 735,159 shares of the semiconductor company’s stock worth $18,978,000 after purchasing an additional 54,661 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in JinkoSolar by 9,212.1% in the fourth quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after buying an additional 494,595 shares during the period. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile

(Get Free Report)

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.

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