JinkoSolar Holding Co. (JKS) Stock Price Down 3.7%
JinkoSolar Holding Co. (NYSE:JKS) shares fell 3.7% on Wednesday . The stock traded as low as $18.55 and last traded at $18.76, with a volume of 256,441 shares trading hands. The stock had previously closed at $19.48.
Several brokerages have weighed in on JKS. Roth Capital downgraded JinkoSolar Holding from a “buy” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $30.00 in a report on Friday, August 5th. Morgan Stanley set a $27.20 price target on JinkoSolar Holding and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded JinkoSolar Holding from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. upgraded JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.95.
The stock has a market capitalization of $590.42 million and a price-to-earnings ratio of 4.25. The company has a 50 day moving average price of $19.15 and a 200-day moving average price of $20.79.
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. The business had revenue of $847.80 million for the quarter. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 91.2% compared to the same quarter last year. Analysts predict 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 raised its position in JinkoSolar Holding Co. (NYSE:JKS) by 8.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 58,446 shares of the company’s stock after buying an additional 4,479 shares during the period. BNP Paribas Arbitrage SA owned 0.19% of JinkoSolar Holding worth $1,617,000 at the end of the most recent reporting period.
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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