JinkoSolar Holding Co. (JKS) Trading 4.5% Higher
JinkoSolar Holding Co. (NYSE:JKS) traded up 4.5% during mid-day trading on Monday . The company traded as high as $19.36 and last traded at $19.11, with a volume of 457,128 shares trading hands. The stock had previously closed at $18.28.
Several research firms recently weighed in on JKS. Zacks Investment Research cut shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Roth Capital reaffirmed a “buy” rating and set a $30.00 price objective (down previously from $35.00) on shares of JinkoSolar Holding in a research report on Sunday, June 5th. Finally, JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 9th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.10.
The firm has a market capitalization of $597.64 million and a PE ratio of 4.32. The company has a 50-day moving average of $19.63 and a 200 day moving average of $20.88.
JinkoSolar Holding (NYSE:JKS) last announced its earnings results on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.85. During the same period in the previous year, the company posted $0.88 earnings per share. The business had revenue of $847.80 million for the quarter. JinkoSolar Holding’s revenue was up 91.2% on a year-over-year basis. On average, analysts forecast that JinkoSolar Holding Co. will post $4.55 EPS for the current year.
A hedge fund recently raised its stake in JinkoSolar Holding stock. Russell Frank Co raised its stake in shares of JinkoSolar Holding Co. (NYSE:JKS) by 1,495.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,900 shares of the company’s stock after buying an additional 92,700 shares during the period. Russell Frank Co owned 0.32% of JinkoSolar Holding worth $2,751,000 at the end of the most recent quarter.
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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