JinkoSolar Holding Co. (JKS) Shares Down 2.5%
JinkoSolar Holding Co. (NYSE:JKS) was down 2.5% on Thursday . The stock traded as low as $19.00 and last traded at $19.05, with a volume of 475,711 shares changing hands. The stock had previously closed at $19.53.
JKS has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $30.00 price objective (down previously from $35.00) on shares of JinkoSolar Holding in a report on Sunday, June 5th. Credit Suisse Group AG cut their price objective on JinkoSolar Holding from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 21st. JPMorgan Chase & Co. raised JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Finally, Zacks Investment Research lowered JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.10.
The stock has a market capitalization of $597.64 million and a price-to-earnings ratio of 4.33. The stock has a 50 day moving average of $20.61 and a 200 day moving average of $21.40.
JinkoSolar Holding (NYSE:JKS) last announced its quarterly earnings data on Friday, May 27th. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.85. The business earned $847.80 million during the quarter. The firm’s revenue was up 91.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, equities research analysts expect that JinkoSolar Holding Co. will post $4.55 EPS for the current year.
A number of institutional investors have made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of JinkoSolar Holding by 8.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 58,446 shares of the company’s stock valued at $1,617,000 after buying an additional 4,479 shares during the period. Russell Frank Co increased its position in shares of JinkoSolar Holding by 1,495.2% in the fourth quarter. Russell Frank Co now owns 98,900 shares of the company’s stock valued at $2,751,000 after buying an additional 92,700 shares during the period. GSA Capital Partners LLP increased its position in shares of JinkoSolar Holding by 313.5% in the fourth quarter. GSA Capital Partners LLP now owns 127,359 shares of the company’s stock valued at $3,524,000 after buying an additional 96,559 shares during the period. Finally, Oceanic Investment Management LTD increased its position in shares of JinkoSolar Holding by 106.4% in the fourth quarter. Oceanic Investment Management LTD now owns 1,287,926 shares of the company’s stock valued at $35,637,000 after buying an additional 663,946 shares during the period.
JinkoSolar Holding Co, Ltd. is a holding company. The Company is a provider of solutions in the photovoltaic (PV) industry-based in Jiangxi and Zhejiang Provinces in China. The Company recovers silicon materials, manufactures solar modules and generates solar power. The Company’s products include recovered silicon materials (metric tons), silicon ingots, silicon wafers, solar cells and solar modules, and its services consist of solar system engineering, procurement and construction (EPC), processing services and electricity generation.
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