JinkoSolar Holding Co. (JKS) Trading Up 4.7%
JinkoSolar Holding Co. (NYSE:JKS)’s share price was up 4.7% during trading on Wednesday . The stock traded as high as $19.06 and last traded at $18.99, with a volume of 284,655 shares changing hands. The stock had previously closed at $18.14.
Several equities analysts have commented on JKS shares. Roth Capital reissued a “buy” rating and issued a $30.00 price target (down previously from $35.00) on shares of JinkoSolar Holding in a research report on Sunday, June 5th. JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 9th. Finally, Zacks Investment Research cut shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.10.
The firm’s 50 day moving average price is $20.29 and its 200 day moving average price is $21.15. The stock has a market cap of $591.68 million and a price-to-earnings ratio of 4.29.
JinkoSolar Holding (NYSE:JKS) last issued its earnings results on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.85. During the same quarter last year, the business earned $0.88 earnings per share. The business had revenue of $847.80 million for the quarter. The business’s revenue for the quarter was up 91.2% compared to the same quarter last year. Equities research analysts anticipate that JinkoSolar Holding Co. will post $4.55 earnings per share for the current fiscal year.
Other hedge funds have modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake 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 worth $1,617,000 after buying an additional 4,479 shares during the period. Russell Frank Co boosted its stake in JinkoSolar Holding by 1,495.2% in the fourth quarter. Russell Frank Co now owns 98,900 shares of the company’s stock worth $2,751,000 after buying an additional 92,700 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in JinkoSolar Holding by 313.5% in the fourth quarter. GSA Capital Partners LLP now owns 127,359 shares of the company’s stock worth $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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