JinkoSolar (NYSE:JKS) Director Wing Keong Siew Sells 16,000 Shares

JinkoSolar Holding Company Limited (NYSE:JKSGet Free Report) Director Wing Keong Siew sold 16,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $26.11, for a total value of $417,760.00. Following the completion of the sale, the director owned 186,000 shares of the company’s stock, valued at approximately $4,856,460. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

JinkoSolar Trading Down 0.9%

JinkoSolar stock opened at $24.61 on Friday. The stock has a 50-day moving average of $24.02 and a two-hundred day moving average of $25.77. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. JinkoSolar Holding Company Limited has a one year low of $17.53 and a one year high of $31.88. The stock has a market cap of $1.29 billion, a PE ratio of -2.53 and a beta of 0.53.

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

Wall Street Analyst Weigh In

A number of research firms have commented on JKS. Weiss Ratings cut JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. UBS Group decreased their price target on JinkoSolar from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective for the company in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.13.

Get Our Latest Stock Report on JinkoSolar

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in JinkoSolar during the second quarter valued at approximately $47,000. Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the fourth quarter valued at approximately $58,000. Leonteq Securities AG purchased a new position in JinkoSolar during the fourth quarter valued at approximately $101,000. New York State Common Retirement Fund purchased a new position in JinkoSolar during the third quarter valued at approximately $182,000. Finally, Federation des caisses Desjardins du Quebec raised its position in JinkoSolar by 277.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 5,211 shares in the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

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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