JinkoSolar Holding Co. (JKS) Trading 5.1% Higher
Shares of JinkoSolar Holding Co. (NYSE:JKS) traded up 5.1% on Monday . The company traded as high as $19.50 and last traded at $19.42, with a volume of 261,799 shares changing hands. The stock had previously closed at $18.48.
JKS has been the subject of several recent analyst reports. Roth Capital downgraded JinkoSolar Holding from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $30.00 in a research report on Friday, August 5th. Morgan Stanley set a $27.20 price objective on JinkoSolar Holding and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded JinkoSolar Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. upgraded JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.95.
The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $20.81. The stock has a market capitalization of $609.56 million and a price-to-earnings ratio of 4.41.
JinkoSolar Holding (NYSE:JKS) last released its earnings results on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.85. The firm earned $847.80 million during the quarter. During the same period in the prior year, the company earned $0.88 earnings per share. JinkoSolar Holding’s revenue was up 91.2% on a year-over-year basis. Equities analysts forecast that JinkoSolar Holding Co. will post $4.37 earnings per share for the current year.
An institutional investor recently raised its position in JinkoSolar Holding stock. BNP Paribas Arbitrage SA increased its stake in shares of JinkoSolar Holding Co. (NYSE:JKS) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,446 shares of the company’s stock after buying an additional 4,479 shares during the period. BNP Paribas Arbitrage SA owned about 0.19% of JinkoSolar Holding worth $1,617,000 as of its most recent SEC filing.
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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