JinkoSolar Holding Co. (JKS) Trading 5.1% Higher
JinkoSolar Holding Co. (NYSE:JKS) shares traded up 5.1% during mid-day trading on Monday . The company traded as high as $19.50 and last traded at $19.42, with a volume of 261,799 shares trading hands. The stock had previously closed at $18.48.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of JinkoSolar Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Morgan Stanley set a $27.20 target price on shares of JinkoSolar Holding and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Roth Capital reiterated a “buy” rating and set a $30.00 target price (down previously from $35.00) on shares of JinkoSolar Holding in a research report on Sunday, June 5th. Finally, JPMorgan Chase & Co. upgraded shares of 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 has a consensus rating of “Buy” and a consensus price target of $32.95.
The stock has a 50 day moving average of $19.15 and a 200-day moving average of $20.79. The stock has a market capitalization of $611.13 million and a PE ratio of 4.40.
JinkoSolar Holding (NYSE:JKS) last issued its earnings results on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.85. During the same quarter last year, the company earned $0.88 EPS. The firm earned $847.80 million during the quarter. The business’s revenue was up 91.2% on a year-over-year basis. Equities research analysts expect that JinkoSolar Holding Co. will post $4.37 earnings per share for the current year.
A hedge fund recently raised its stake in JinkoSolar Holding stock. Russell Frank Co boosted its stake in JinkoSolar Holding Co. (NYSE:JKS) by 1,495.2% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 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.
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.