JinkoSolar Holding Co. (JKS) Sees Large Volume Increase
Shares of JinkoSolar Holding Co. (NYSE:JKS) saw an uptick in trading volume on Wednesday . 383,049 shares traded hands during trading, an increase of 1% from the previous session’s volume of 378,357 shares.The stock last traded at $20.50 and had previously closed at $20.81.
Several research firms have recently commented on JKS. Roth Capital reissued a “buy” rating and issued a $30.00 price target (down from $35.00) on shares of JinkoSolar Holding in a research report on Sunday, June 5th. Zacks Investment Research lowered JinkoSolar Holding from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Morgan Stanley set a $27.20 price target on JinkoSolar Holding and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reduced their price target on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, August 18th. Finally, JPMorgan Chase & Co. raised 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 stock. JinkoSolar Holding has an average rating of “Buy” and an average price target of $31.28.
The firm has a market cap of $632.77 million and a P/E ratio of 4.56. The stock’s 50-day moving average is $19.12 and its 200 day moving average is $20.78.
JinkoSolar Holding (NYSE:JKS) last posted its quarterly earnings results on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.85. The business earned $847.80 million during the quarter. JinkoSolar Holding’s quarterly revenue was up 91.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, equities research analysts predict that JinkoSolar Holding Co. will post $4.45 earnings per share for the current fiscal year.
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.