JinkoSolar Holding Co. (JKS) Shares Down 2.5%
JinkoSolar Holding Co. (NYSE:JKS) shares traded down 2.5% during mid-day trading on Thursday . The stock traded as low as $19.00 and last traded at $19.05, with a volume of 475,711 shares. The stock had previously closed at $19.53.
Several research analysts have recently issued reports on the company. Credit Suisse Group AG reduced their price target on JinkoSolar Holding from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, March 21st. JPMorgan Chase & Co. upgraded JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 9th. Roth Capital restated a “buy” rating and issued a $30.00 price target (down from $35.00) on shares of JinkoSolar Holding in a research report on Sunday, June 5th. Finally, Zacks Investment Research lowered JinkoSolar Holding from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. JinkoSolar Holding has an average rating of “Buy” and a consensus target price of $34.10.
The firm has a market cap of $577.24 million and a PE ratio of 4.19. The firm has a 50-day moving average of $20.47 and a 200-day moving average of $21.33.
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 consensus estimate of $0.86 by $0.85. During the same period in the prior year, the company posted $0.88 EPS. The firm had revenue of $847.80 million for the quarter. JinkoSolar Holding’s quarterly revenue was up 91.2% on a year-over-year basis. Equities research analysts predict that JinkoSolar Holding Co. will post $4.55 EPS for the current year.
Other hedge funds and institutional investors recently made changes to their positions in the company. 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. Finally, 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.
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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