JinkoSolar Holding Co. (JKS) Trading Up 4.5%
JinkoSolar Holding Co. (NYSE:JKS)’s share price was up 4.5% during mid-day trading on Monday . The stock 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 equities analysts have recently issued reports on JKS shares. Roth Capital reissued a “buy” rating and set a $30.00 target price (down from $35.00) on shares of JinkoSolar Holding in a research note on Sunday, June 5th. JPMorgan Chase & Co. raised JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 9th. Finally, Zacks Investment Research cut JinkoSolar Holding from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. JinkoSolar Holding presently has an average rating of “Buy” and an average price target of $34.10.
The stock’s 50-day moving average is $19.56 and its 200-day moving average is $20.88. The firm has a market cap of $593.87 million and a PE ratio of 4.29.
JinkoSolar Holding (NYSE:JKS) last released its quarterly earnings results on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.85. The firm had revenue of $847.80 million for the quarter. During the same period in the previous year, the company earned $0.88 EPS. JinkoSolar Holding’s quarterly revenue was up 91.2% compared to the same quarter last year. Equities analysts anticipate that JinkoSolar Holding Co. will post $4.55 EPS for the current fiscal year.
A hedge fund recently raised its stake in JinkoSolar Holding stock. Russell Frank Co boosted its stake in shares of JinkoSolar Holding Co. (NYSE:JKS) by 1,495.2% during the fourth quarter, according to its most recent Form 13F filing with the 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 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.