Shares of JinkoSolar Holding Company Limited (NYSE:JKS – Get Free Report) have earned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.38.
A number of brokerages recently commented on JKS. Freedom Broker lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a research report on Friday. Zacks Research raised shares of JinkoSolar from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Roth Capital cut their price objective on shares of JinkoSolar from $16.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Wall Street Zen cut shares of JinkoSolar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 26th.
Read Our Latest Stock Report on JinkoSolar
Institutional Investors Weigh In On JinkoSolar
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in shares of JinkoSolar during the 2nd quarter worth about $298,000. Renaissance Technologies LLC raised its position in shares of JinkoSolar by 96.2% in the 1st quarter. Renaissance Technologies LLC now owns 82,200 shares of the semiconductor company’s stock valued at $2,089,000 after acquiring an additional 40,300 shares during the period. Cetera Investment Advisers bought a new position in JinkoSolar during the 1st quarter worth approximately $307,000. Himension Capital Singapore PTE. LTD. boosted its stake in JinkoSolar by 5.1% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 82,319 shares of the semiconductor company’s stock worth $2,092,000 after acquiring an additional 3,961 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in JinkoSolar by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock valued at $21,449,000 after purchasing an additional 3,118 shares during the period. Institutional investors own 35.82% of the company’s stock.
JinkoSolar Stock Up 9.0%
Shares of JKS opened at $9.41 on Thursday. The business’s 50 day simple moving average is $10.23 and its 200-day simple moving average is $18.98. The company has a market capitalization of $499.67 million, a P/E ratio of -1.21 and a beta of 0.52. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.13 and a quick ratio of 0.84. JinkoSolar has a one year low of $7.82 and a one year high of $31.88.
JinkoSolar (NYSE:JKS – Get Free Report) last announced its earnings results on Friday, October 30th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.11) by $2.08. JinkoSolar had a negative net margin of 5.85% and a negative return on equity of 10.03%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.42 billion. As a group, sell-side analysts predict that JinkoSolar will post -5.63 EPS for the current fiscal year.
About JinkoSolar
JinkoSolar Holding Co, Ltd. is a global solar photovoltaic (PV) manufacturer that develops and produces products used to convert sunlight into electricity. The company’s portfolio includes silicon wafers, solar cells, PV modules and related energy-storage products, serving utility-scale solar projects as well as commercial, industrial and residential customers.
Founded in 2006, JinkoSolar has developed a vertically integrated manufacturing business spanning much of the solar supply chain.
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