JinkoSolar Holding Company Limited (NYSE:JKS – Get 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:JKS – Get 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
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
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.
Featured Stories
- Five stocks we like better than JinkoSolar
- Karman: Defense Darling’s Outlook Strengthens After 40% Drop
- Aeluma’s Post-Earnings Dip Creates a Buying Opportunity
- Be Ready: 3 Upcoming Catalysts Could Drive Oracle to Record Highs
- 2 Ways to Play the Big Pharma Patent Cliff
Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.
